Cryptocurrency
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Here at CoinMarketCap, we work very hard to ensure that all the relevant and up-to-date information about cryptocurrencies, coins and tokens can be located in one easily discoverable place. From the very first day, the goal was for the site to be the number one location online for crypto market data, and we work hard to empower our users with our unbiased and accurate information.
Developed to help power decentralized finance (DeFi) uses, decentralized apps (DApps) and smart contracts, Solana runs on a unique hybrid proof-of-stake and proof-of-history mechanisms to process transactions quickly and securely. SOL, Solana’s native token, powers the platform.
Ripple cryptocurrency
“The standard fee to conduct transactions on Ripple is set at 0.00001 XRP, which is minimal compared to the large fees charged by banks for conducting cross-border payments,” says El Lee, board member of Onchain Custodian.
XRP is the native token of the XRP Ledger (XRPL), similar to ETH for the Ethereum blockchain or BTC for Bitcoin.XRP facilitates transactions on the network, protects the ledger from spam, and bridges currencies in the XRP Ledger’s native decentralized exchange (DEX).
The XRP Ledger (XRPL), also called the Ripple Protocol, is a cryptocurrency platform launched in 2012 by Ripple Labs. The XRPL employs the native cryptocurrency known as XRP, and supports tokens, cryptocurrency or other units of value such as frequent flyer miles or mobile minutes.
“The standard fee to conduct transactions on Ripple is set at 0.00001 XRP, which is minimal compared to the large fees charged by banks for conducting cross-border payments,” says El Lee, board member of Onchain Custodian.
XRP is the native token of the XRP Ledger (XRPL), similar to ETH for the Ethereum blockchain or BTC for Bitcoin.XRP facilitates transactions on the network, protects the ledger from spam, and bridges currencies in the XRP Ledger’s native decentralized exchange (DEX).
Cryptocurrency market
Yes, you can access live global cryptocurrency market data via the CoinMarketCap API, which provides real-time metrics like total market capitalization, Bitcoin dominance, and 24-hour trading volume. You can use the /v1/global-metrics/quotes/latest API endpoint to retrieve this data.
IEO stands for Initial Exchange Offering. IEOs share a lot of similarities with ICOs. They are both largely unregulated token sales, with the main difference being that ICOs are conducted by the projects that are selling the tokens, while IEOs are conducted through cryptocurrency exchanges. Cryptocurrency exchanges have an incentive to screen projects before they conduct a token sale for them, so the quality of IEOs tends to be better on average than the quality of ICOs.
The circulating supply of a cryptocurrency is the amount of units that is currently available for use. Let’s use Bitcoin as an example. There is a rule in the Bitcoin code which says that only 21 million Bitcoins can ever be created. The circulating supply of Bitcoin started off at 0 but immediately started growing as new blocks were mined and new BTC coins were being created to reward the miners. Currently, there are around 19.81 million Bitcoins in existence, and this number will keep growing until the 21 millionth BTC is mined. Since 19.81 million BTC have been mined so far, we say that this is the circulating supply of Bitcoin.