ARCHIVE/xrpl-dev-portal
1
0
Fork 0
mirror of https://github.com/XRPLF/xrpl-dev-portal.git synced 2025-11-04 11:55:50 +00:00
Code Issues Packages Projects Releases Wiki Activity

XRP history edits, logo comparison

Browse Source
This commit is contained in:
mDuo13
2018-12-19 17:39:09 -08:00
parent 373336288f
commit 6d7fac8226
2 changed files with 9 additions and 4 deletions
Download Patch File Download Diff File Expand all files Collapse all files

BIN
assets/img/xrp-x-logo.png Normal file
View File

Binary file not shown.
Side by Side

After

Width:  |  Height:  |  Size: 5.8 KiB

13
content/concepts/introduction/xrp.md
View File

@@ -4,7 +4,7 @@
Some advanced features of the XRP Ledger, such as [Escrow](escrow.html) and [Payment Channels](use-payment-channels.html), only work with XRP. Order book [autobridging](https://xrpl.org/blog/2014/introducing-offer-autobridging.html) uses XRP to deepen liquidity in the decentralized exchange by merging order books of two issued currencies with XRP order books to create synthetic combined order books. (For example, autobridging matches USD:XRP and XRP:EUR orders to augment USD:EUR order books.)
XRP also serves as a protective measure against spamming the network. All XRP Ledger addresses need a small amount of XRP to pay the costs of maintaining the XRP Ledger. The [transaction cost](transaction-cost.html) and [reserve](reserves.html) are neutral fees denominated in XRP and not paid to any party. In the ledger's data format, XRP is stored in [AccountRoot objects](accountroot.html).
XRP also serves as a protective measure against spamming the network. All XRP Ledger addresses need a small amount of XRP to offset the costs of maintaining the XRP Ledger. The [transaction cost](transaction-cost.html) and [reserve](reserves.html) are neutral fees denominated in XRP and not paid to any party. In the ledger's data format, XRP is stored in [AccountRoot objects](accountroot.html).
For more information on XRP's use cases, benefits, and news, see the [XRP Portal](https://ripple.com/xrp/).
@@ -18,10 +18,15 @@ In technical contexts, XRP is measured precisely to the nearest 0.000001 XRP, ca
### XRP Sales
In 2012, the founders of the XRP Ledger (Chris Larsen, Jed McCaleb, and Arthur Britto) gave 80 billion XRP to Ripple (the company, called OpenCoin Inc. at the time). The company regularly sells XRP, uses it to strengthen XRP markets and improve network liquidity, and incentivizes development of the greater ecosystem. In 2017, the company [placed 55 billion XRP in escrow](https://ripple.com/insights/ripple-escrows-55-billion-xrp-for-supply-predictability/) to ensure that the amount entering the general supply [grows predictably](https://ripple.com/insights/ripple-to-place-55-billion-xrp-in-escrow-to-ensure-certainty-into-total-xrp-supply/) for the foreseeable future. Ripple's [XRP Market Performance site](https://ripple.com/xrp/market-performance/) reports how much XRP the company has available and locked in escrow at present.
In 2012, the creators of the XRP Ledger (Chris Larsen, Jed McCaleb, and Arthur Britto) gave 80 billion XRP to Ripple (the company, called OpenCoin Inc. at the time) in exchange for Ripple developing and promoting the XRP Ledger. Since then, the company has regularly sold XRP, used it to strengthen XRP markets and improve network liquidity, and incentivized development of the greater ecosystem. In 2017, the company [placed 55 billion XRP in escrow](https://ripple.com/insights/ripple-escrows-55-billion-xrp-for-supply-predictability/) to ensure that the amount entering the general supply [grows predictably](https://ripple.com/insights/ripple-to-place-55-billion-xrp-in-escrow-to-ensure-certainty-into-total-xrp-supply/) for the foreseeable future. Ripple's [XRP Market Performance site](https://ripple.com/xrp/market-performance/) reports how much XRP the company has available and locked in escrow at present.
### Naming
Originally, the XRP Ledger was called "Ripple" and the native asset built into the ledger was "ripple credits" or "ripples", inspired by the way the technology's decentralized exchange allowed payments [to ripple through multiple hops](rippling.html) and issued currencies, and the company spurring development of the technology registered itself as "Ripple Labs". To comply with the ISO 4217 currency code standard, the creators popularized a ticker symbol of "XRP" using the X prefix reserved non-national currencies. Community members frequently referred to the asset as "XRP" in all contexts to avoid ambiguity with the similar names for the technology and company. Eventually this usage came to dominate, and the company shortened its own name to "Ripple". In May 2018, the community selected a new "X" symbol to represent XRP to differentiate it from the triskellion logo that had previously been used for both the company and the digital asset.
Originally, the XRP Ledger was called "Ripple" for the way the technology allowed payments [to ripple through multiple hops and currencies](rippling.html). For the native asset built into the ledger, the creators chose the ticker symbol "XRP" from the term "ripple credits" or "ripples" and the X prefix for non-national currencies in the ISO 4217 standard. The company registered itself as "Ripple Labs". The name "XRP" came to be used to refer to the asset in all contexts, to avoid confusion with the similar names for the technology and company, and eventually the company shortened its own name to "Ripple". In May 2018, [the community selected a new "X" symbol](https://twitter.com/xrpsymbol/status/1006925937571713025) to represent XRP to differentiate it from the triskelion logo that had previously been used for both the company and the digital asset.
The smallest, indivisible unit of XRP was named a "drop" [at the suggestion of Ripple forum member ThePiachu](https://forum.ripple.com/viewtopic.php?f=1&t=40&p=228).
| XRP "X" Logo | Ripple triskelion |
|:---------------------------------------|:------------------------------------|
| !["X" logo](assets/img/xrp-x-logo.png) | ![Triskelion](assets/img/ripple-triskelion.png) |
The smallest, indivisible unit of XRP was named a "drop" [at the suggestion of Ripple forum member ThePiachu](https://forum.ripple.com/viewtopic.php?f=1&t=40&p=228). An early alternative term was a "jed", after Jed McCaleb.