Is XRP a ERC20 token

Ripple (XRP) is a money transfer network and digital currency that allows transactions that can happen many times faster than with Bitcoin or Ethereum. With just an internet connection, you can complete various transactions.

– Simply put, a token represents what a person owns, while a coin denotes what they’re capable to own . Additionally, everyone has used a token at least once in their life even if not in this form. For example, your car title is a token.

Ripple is a technology that acts as both a cryptocurrency and a digital payment network for financial transactions. … Ripple is the name of the company and the network, and XRP is the cryptocurrency token .

What is XRP? XRP is an independent digital currency that is used to facilitate transactions on the Ripple Network . The technology behind the cryptocurrency is called XRP Ledger and acts as the blockchain in which the XRP token reside.