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NFTs are unique digital identifiers recorded on a blockchain that certify ownership and authenticity of a specific asset. Moving past the "PFP" craze, 2026 NFTs emphasize utility, representing everything from IP rights and digital fashion to RWA titles and event ticketing. This tag explores the technical standards of digital ownership, the growth of NFT marketplaces, and the integration of non-fungible tech into the broader Creator Economy and enterprise solutions.

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Created: 2026/02/02 18:52
Updated: 2026/02/02 18:52
A Dual Purpose Token In The Ethereum Ecosystem

A Dual Purpose Token In The Ethereum Ecosystem

The post A Dual Purpose Token In The Ethereum Ecosystem appeared on BitcoinEthereumNews.com. Published: Dec 06, 2025 at 18:56 Coinidol.com: STETH, short for staked Ether, represents a version of Ethereum’s native cryptocurrency, Ether (ETH), that has been tokenized to represent its staked form. This concept is closely related to Ethereum 2.0, which is an upgrade to the existing Ethereum network aiming to improve scalability, security, and sustainability. Ethereum 2.0 is designed to transition from a proof-of-work (PoW) consensus mechanism to a proof-of-stake (PoS) mechanism. In PoS, validators are required to “stake” a certain amount of cryptocurrency as collateral to participate in block validation. Staked Ether Token (STETH) STETH serves a dual purpose in the Ethereum ecosystem. It provides liquidity to stakers who want to access their staked ETH and the benefits of the DeFi (Decentralized Finance) ecosystem while also helping to secure the Ethereum network by participating in the PoS consensus mechanism. When ETH is staked in Ethereum 2.0, users receive a token representing their staked ETH, known as STETH. STETH tokens are 1:1 redeemable for ETH at any time. STETH is an ERC-20 token, meaning it operates on the Ethereum network, allowing it to be traded and used like other Ethereum-based tokens. STETH provides users with liquidity for their staked ETH. Users can trade, lend, or borrow STETH, while still having their ETH staked and earning rewards as validators in Ethereum 2.0. Disclaimer. This article is for informational purposes only and should not be viewed as an endorsement by Coinidol.com. The data provided is collected by the author and is not sponsored by any company or token developer. They are not a recommendation to buy or sell cryptocurrency. Readers should do their research before investing in funds. Expert in finance, blockchain, NFT, metaverse, and web3 writer with great technical research proficiency and…

Author: BitcoinEthereumNews

2025/12/07

Vitalik Buterin Proposes Ethereum Gas Futures Market to Aid Fee Planning

Vitalik Buterin Proposes Ethereum Gas Futures Market to Aid Fee Planning

The post Vitalik Buterin Proposes Ethereum Gas Futures Market to Aid Fee Planning appeared on BitcoinEthereumNews.com. The Ethereum gas futures market, proposed by Vitalik Buterin, enables users to hedge against unpredictable transaction fees by locking in prices in advance. This on-chain system would provide stability for developers and users facing volatile network costs, fostering better planning in Ethereum’s ecosystem. Vitalik Buterin’s proposal introduces an on-chain gas futures market to predict and stabilize Ethereum transaction fees. It allows users to secure future gas prices, protecting against sudden spikes during high network activity. Challenges include designing secure contracts and integrating the market decentralized into Ethereum, with no live implementation yet. Discover Vitalik Buterin’s Ethereum gas futures market proposal for hedging transaction fees. Learn how it stabilizes costs and boosts planning in blockchain. Explore key challenges and benefits now. What is the Ethereum Gas Futures Market? Ethereum gas futures market refers to a proposed on-chain system that allows users to trade futures contracts for transaction fees, helping to predict and manage costs more effectively. Introduced by Ethereum co-founder Vitalik Buterin, this mechanism addresses the volatility in gas prices, which fluctuate based on network demand. By enabling advance locking of fees, it empowers developers and users to plan budgets without fear of unexpected surges, potentially making Ethereum more predictable for high-volume applications. Currently, this is just a proposal, and no live gas futures market exists on Ethereum yet. Key Highlights Vitalik Buterin proposed an on-chain gas futures market to help users and developers plan for Ethereum transaction fees. The market would allow users to lock in gas prices in advance and hedge against sudden fee spikes. Implementation challenges include deciding the contract type and building a secure, decentralized, and usable system. Ethereum co-founder Vitalik Buterin has proposed an on-chain gas futures market to help users and developers plan for transaction fees more efficiently. How Would the Ethereum Gas Futures Market…

Author: BitcoinEthereumNews

2025/12/07

Solana Builders Question Base Bridge’s Bidirectionality in Escalating Rivalry

Solana Builders Question Base Bridge’s Bidirectionality in Escalating Rivalry

The post Solana Builders Question Base Bridge’s Bidirectionality in Escalating Rivalry appeared on BitcoinEthereumNews.com. The Base Solana bridge, launched on December 4, enables seamless asset transfers between the two ecosystems using Chainlink CCIP and Coinbase infrastructure. This move has sparked controversy, with Solana developers accusing Base of prioritizing its own growth over true interoperability, while Base insists on mutual benefits for developers and users. Launch Details: The bridge supports bidirectional asset movement, integrating early with Base-native apps like Aerodrome and Zora to facilitate liquidity across chains. Escalating Tensions: Solana’s key figures, including CEO Mert Mumtaz and co-founder Anatoly Yakovenko, have criticized the initiative as a potential vampire attack disguised as collaboration. Potential Impacts: Data from on-chain activity shows Solana’s meme coin and NFT markets could funnel value to Base, raising concerns about net export for Solana’s economy. Discover the Base Solana bridge controversy: How interoperability claims clash with competition in crypto. Explore key debates, benefits, and risks for developers—read now for insights on blockchain rivalries. What is the Base Solana Bridge and Why Has It Caused Controversy? The Base Solana bridge is a cross-chain infrastructure connecting the Base network, built on Ethereum Layer 2 by Coinbase, with the high-speed Solana blockchain, allowing users to transfer assets like SOL and SPL tokens bidirectionally. Launched on December 4, it leverages Chainlink’s Cross-Chain Interoperability Protocol (CCIP) and Coinbase’s secure framework for reliable transfers. The controversy stems from Solana community’s accusations that Base’s rollout favors its own ecosystem, potentially extracting value from Solana without reciprocal benefits, as highlighted in public debates involving leaders like Jesse Pollak and Anatoly Yakovenko. How Does the Base Solana Bridge Impact Ecosystem Competition? The bridge’s design enables Base applications, such as Aerodrome for decentralized exchanges and Zora for NFTs, to import Solana assets, instantly exposing Base to Solana’s vibrant meme coin trading and retail user base, which has driven over $10 billion in…

Author: BitcoinEthereumNews

2025/12/07

Solana advocates dismiss Base’s ‘disingenuous’ bridge

Solana advocates dismiss Base’s ‘disingenuous’ bridge

The post Solana advocates dismiss Base’s ‘disingenuous’ bridge appeared on BitcoinEthereumNews.com. The rivalry between Base and Solana has taken on a new dimension with the introduction of the Base-Solana bridge. The latest episode goes back to September 2025, when Aerodrome’s co-founder Alex Cutler boasted at Basecamp that Base would “flip Solana,” attracting the attention of Solana’s famous defender, Mert Mumtaz, the CEO of Helius Labs.  The tension has since escalated after Base launched the bridge to Solana on December 4, with Solana’s most vocal builders accusing Jesse Pollak of disguising a vampire attack as interoperability. The rivalry of ‘healthy competition’ The bridge, which uses Chainlink CCIP and Coinbase infrastructure to let users move assets between Base and Solana, was launched with early integrations in Zora, Aerodrome, Virtuals, Flaunch, and Relay.  They are all applications native to Base, and while Pollak framed the move as bidirectional pragmatism, Vibhu Norby, founder of Solana creator platform DRiP, called it out for being anything but.  He took to X with footage of Aerodrome’s Alexander Cutler at Basecamp, claiming that Base would “flip Solana” and become the largest chain in the world. Norby’s response was pointed: “These are not partners; if they had it their way, Solana would not exist.” The post apparently rubbed Jesse Pollak the wrong way. His response post started the discourse on what the bridge really means for both chains. In his reply, Pollak claimed that Base built a bridge to Solana because “Solana assets deserve to have access to the Base economy and Base assets should have access to Solana.” However, Norby replied with allegations that Base deliberately passed on Solana-based applications for launch, nor did they liaise with the Solana Foundation marketing or operations team. Akshay BD, a popular voice linked to Solana’s Superteam, chimed in, “Calling it bidirectional doesn’t make it so. It’s a bridge between two economies that…

Author: BitcoinEthereumNews

2025/12/07

Solana devs say Base is siphoning capital, not collaborating

Solana devs say Base is siphoning capital, not collaborating

The rivalry between Base and Solana has taken on a new dimension with the introduction of the Base-Solana bridge. The latest episode goes back to September 2025, when Aerodrome’s co-founder Alex Cutler boasted at Basecamp that Base would “flip Solana,” attracting the attention of Solana’s famous defender, Mert Mumtaz, the CEO of Helius Labs.  The […]

Author: Cryptopolitan

2025/12/07

What Is Dogecoin and Should You Invest in It

What Is Dogecoin and Should You Invest in It

What is Dogecoin, and why are you still hearing so much about it? If you’ve watched the Dogecoin price jump one day and dip the next, you might wonder why this coin gets so much attention. Before you invest your money or even think about adding it to your wallet, you deserve a clear picture of what you’re getting into. In this article, we walk you through what Dogecoin is and why people still talk about it. Read on to see what sets Dogecoin apart, what drives its value, and whether it could be a smart addition to your investment plans. What is Dogecoin? Dogecoin is a digital currency that started as a light-hearted project but grew into one of the most recognizable cryptocurrencies in the world. If you’ve seen the Shiba Inu dog meme, you already know the face of Dogecoin. The simple Dogecoin definition is that it’s a peer-to-peer cryptocurrency that lets you send money online quickly and at a low cost. What started as a joke soon developed into a strong community, and people began using it for online tips and charity projects. As more people joined the Dogecoin community, interest in the Dogecoin price increased, and news outlets started covering its fast jumps and dips. Today, Dogecoin feels much bigger than a meme coin. You’ll see people trading it, talking about it, and testing different ways to use it. Understanding where it came from helps you see why it still gets so much attention. How Does Dogecoin Work? If you understand cryptocurrency basics, you’ll find that Dogecoin operates in a simple and approachable way. Dogecoin runs on its own blockchain, which is a public record of every transaction. Whenever you send or get Dogecoin, the network records that movement on the Dogecoin blockchain, so everyone can confirm it’s valid. Dogecoin uses a method called mining, where computers solve quick math problems to keep the network running. When Dogecoin miners do this work, they earn new Dogecoin as a reward. This steady flow of new coins is one reason Dogecoin stays fast and affordable to use. You don’t wait long for a transaction to finish, and the fees are usually low. Because of this design, Dogecoin feels easy for everyday use. Many people use it to tip creators online, support charities, or make quick peer-to-peer payments. When you explore what is Dogecoin used for, you’ll see that its speed, low cost, and friendly community make it stand out from more complex digital coins. If you’re curious about how Dogecoin fits into your own plans, knowing how it works gives you a clear foundation to build on. Why is Dogecoin So Popular? Dogecoin’s popularity did not appear overnight. It grew from a mix of internet culture, community energy, and high-profile attention that most cryptocurrencies never experience. When you look at the Dogecoin price and see how often it makes news, it helps to understand the deeper story behind its rise. Even people who explore other digital trends, such as learning how to start buying NFTs, often come across Dogecoin because of its strong online presence. Here is the reason for popularity: The Role of Memes in Dogecoin’s Popularity Memes played a major part in shaping Dogecoin’s identity. At a time when most cryptocurrencies felt technical and serious, Dogecoin felt warm, humorous, and welcoming. Many people connected with it instantly because the meme was already well known across social platforms. That meme origin created a friendly environment that made Dogecoin easy to share, easy to laugh about, and easy to join. People who felt overwhelmed by the complexity of other digital coins found Dogecoin simple and enjoyable. It gave them a way to take part in the crypto world without pressure. Early users often tipped creators online, supported small community causes, or sent Dogecoin as a fun gesture in group discussions. Elon Musk’s Influence on Dogecoin’s Rise Elon Musk became one of the strongest forces behind Dogecoin’s rise, and his impact is easy to trace through real events. In early 2021, he posted several tweets that mentioned Dogecoin by name. One of the most widely shared messages simply said Dogecoin is the people’s crypto, and it quickly pushed trading activity to new highs. Later that same year, Musk continued to bring attention to Dogecoin during interviews and online conversations. When he appeared on Saturday Night Live, people around the world watched to see whether he would mention the coin. He did, which added even more publicity and contributed to another wave of trading activity. Investors were not reacting only to humor.  In 2022 and 2023, Musk hinted that Dogecoin could be used in future payment features across some of his companies.  Dogecoin’s Value and Market Trends Dogecoin’s value has changed many times since its early days, and those changes tell an important story. When you look at how far the coin has come, you can see how community support, cultural moments, and market activity all shaped its place in the crypto world. Understanding the history behind these movements helps you see why Dogecoin still attracts attention, alongside other major cryptos like Ethereum. Dogecoin’s Price History From Joke to Serious Player Dogecoin began in 2013 when Jackson Palmer from Adobe and Billy Markus from IBM created the coin as a playful way to comment on the growing hype around cryptocurrencies. They launched it on December 6, 2013, and within a few weeks, the Dogecoin price jumped sharply. On December 19 of that year, the coin rose more than 300 percent after China restricted its banks from working with cryptocurrencies. The attention brought in new users, and the coin quickly spread across online communities. The original code for Dogecoin came from Luckycoin, which was based on Litecoin. Early versions even offered a random Dogecoin mining reward before switching to a fixed reward in 2014. Dogecoin uses Scrypt technology and a proof of work system, which helps miners support the network and keep it running. Over time, interest kept growing. In 2019, Dogecoin reached another milestone when it was listed on the major exchange Binance. By May 2024, its market value had reached more than 24 billion dollars. Dogecoin stayed active because of its loyal miners, strong community, and simple design. The community honored Kabosu, the Shiba Inu behind the famous Doge meme, after the dog passed away in 2024. Many supporters, including Elon Musk, shared messages that renewed public interest. Factors Influencing Dogecoin’s Market Value Community strength. A large, active community helps maintain interest and trading activity. Public figures. Mentions from well known individuals often create sudden waves of attention. Market cycles. The overall crypto market affects how quickly Dogecoin rises or falls. Accessibility. Low transaction fees and fast speeds make Dogecoin attractive for everyday use. Cultural moments. Events related to the Doge meme or major news stories can influence demand. How to Buy Dogecoin Buying Dogecoin is a simple process, and once you know the steps, you can move through it with confidence. If you are new to crypto, you will find that most platforms follow the same basic setup, and you can get started in just a few minutes. Even if you have explored the best NFT marketplace options or other digital assets before, buying Dogecoin follows a straightforward path that feels easy to understand. Step 1: Sign up for a crypto exchange Start by creating an account on one of the top cryptocurrency exchanges. Popular choices include Coinbase, Kraken, and Binance. You will enter basic information such as your name, email address, and phone number. Once your account is created, you can use the platform to explore different digital coins, including Dogecoin. Step 2: Verify your account Most exchanges will ask you to verify your identity before you can buy Dogecoin. This usually involves uploading a document that confirms your address and completing a standard Know Your Customer verification. These steps help protect your account and allow you to use all features on the platform. Step 3: Add money to your exchange account After verification, you can deposit funds. Depending on your location and the exchange you choose, you might add money with a credit card, debit card, or another payment method supported in your region. The platform will guide you through the process so you know exactly what to do. Step 4: Find Dogecoin, check the price and make your purchase Search for Dogecoin, shown as DOGE, in the list of available assets. Before you buy, take a moment to look at the current market price so you know what you are paying. When you are ready, enter the amount you want and complete the purchase. Your Dogecoin usually appears in your exchange wallet within a minute. From there, you can keep it on the exchange or move it to another wallet you prefer. Dogecoin vs Other Cryptocurrencies Dogecoin stands out because it is simple, fast, and community-driven, which makes it feel more approachable than many digital coins. Bitcoin is often viewed as digital gold, while Ethereum focuses on smart contracts. Litecoin offers quicker speeds than Bitcoin but a more traditional structure. Dogecoin feels lighter and easier to use, especially for newcomers exploring cryptocurrency and testing different coins for the first time. What is Dogecoin Used For? Dogecoin is used as a digital currency that allows people to send value online quickly and with low friction. It also functions as a community-driven token that supports tipping and lighthearted online exchanges. Here are common uses: Online tipping to reward helpful or creative content Fast peer to peer transfers Small payments in apps or online communities Charity drives and fundraising campaigns Purchasing goods or services from merchants that accept it The Future of Dogecoin The future of Dogecoin depends on how strong its community stays, how often people use it, and whether more businesses decide to accept it. Dogecoin benefits from a loyal following, simple technology, and a well-known identity that helps it stay visible even in crowded markets. At the same time, its value can rise or fall quickly because the Dogecoin supply is large and the market is still unpredictable. As of now, the price of Dogecoin sits around $0.14 USD. If you’re wondering what is the price of Dogecoin and what it could become, the future depends on community support and wider adoption. Conclusion Is Dogecoin Worth Your Investment in 2025? Dogecoin can be appealing if you like a simple, well-known coin with a strong community behind it. Its fast transactions and loyal supporters give it staying power, but its price can move quickly, and the coin does not have the same long-term purpose as some larger projects. If you choose to invest in 2025, treat it as a higher-risk option and decide how it fits into your wider plans. With the right expectations, Dogecoin can play a role without taking over your strategy. FAQs Who created Dogecoin?Dogecoin was created by Jackson Palmer and Billy Markus in 2013. They built it as a light hearted digital coin inspired by the Doge meme. Is Dogecoin a good investment?Whether Dogecoin is a good investment depends on your goals and risk level. It can offer quick gains, but it can also change value quickly. What are the risks of investing in Dogecoin?The risks of investing in Dogecoin include fast price swings, limited real world use, and market speculation that can raise or lower the value at any time. What makes Dogecoin different from Bitcoin?What makes Dogecoin different from Bitcoin is its faster transactions, lower fees, and a much larger supply, which keeps it more affordable. Where can I store Dogecoin?You can store Dogecoin in a crypto wallet, either on a trusted exchange or in a private Dogecoin wallet that gives you full control of your coins. The post What Is Dogecoin and Should You Invest in It appeared first on NFT Plazas.

Author: Coinstats

2025/12/07

Ethereum Stabilizes Above Support Post-Fusaka Upgrade, Hinting at Potential Rebound

Ethereum Stabilizes Above Support Post-Fusaka Upgrade, Hinting at Potential Rebound

The post Ethereum Stabilizes Above Support Post-Fusaka Upgrade, Hinting at Potential Rebound appeared on BitcoinEthereumNews.com. The Ethereum Fusaka upgrade has successfully gone live on mainnet, stabilizing the network above key support levels and paving the way for improved scaling through upcoming automated hard forks. This development signals potential price reversals amid bullish technical structures. Ethereum maintains position above 1D Bull Market Support Band post-Fusaka activation. Technical indicators reveal higher lows and higher highs, indicating sustained bullish momentum. The automated BPO hard fork scheduled for December 9 will enhance blob parameters, boosting rollup efficiency by up to 20% based on developer projections. Ethereum Fusaka upgrade activates smoothly, bolstering network stability and price support. Discover technical signals, upgrade details, and future scaling impacts for smarter crypto investments today. (142 characters) What is the Ethereum Fusaka Upgrade? The Ethereum Fusaka upgrade represents a pivotal enhancement to the Ethereum network, focusing on execution layer optimizations to improve overall performance and scalability. Activated on mainnet following the 225th All Core Developers Execution meeting, it addresses validator participation and prepares the groundwork for automated future updates. This upgrade ensures smoother operations amid growing demands from decentralized applications. How Does the Fusaka Upgrade Impact Ethereum’s Price Stability? The Fusaka upgrade contributes to Ethereum’s price stability by resolving minor technical issues swiftly, such as brief drops in validator participation affecting about 25% of Prysm users, which were patched within hours. On-chain data from sources like Glassnode shows network activity remaining robust, with transaction volumes up 15% post-activation. Analyst Luca, a prominent technical commentator, observes that Ethereum’s price has held above the 1D Bull Market Support Band, aligning with the 0.5 to 0.618 Fibonacci golden pocket. This rejection of lower levels, as Luca detailed, prevents structure invalidation on lower timeframes, fostering cautious optimism. Supporting statistics from Dune Analytics indicate a 10% increase in staking participation since the upgrade, reducing sell pressure and aiding rebound…

Author: BitcoinEthereumNews

2025/12/07

Ethereum’s Mixed Whale Activity Hints at Long-Term Investor Confidence

Ethereum’s Mixed Whale Activity Hints at Long-Term Investor Confidence

The post Ethereum’s Mixed Whale Activity Hints at Long-Term Investor Confidence appeared on BitcoinEthereumNews.com. Ethereum holders are increasingly viewing the asset through a long-term lens, with exchange supply dropping to 12.5 million ETH amid rising holder numbers exceeding 250 million addresses. Mid-size whales have trimmed positions at peaks, yet overall accumulation trends signal sustained confidence in Ethereum’s future utility as a settlement layer. Mid-size Ethereum whales (1-10K ETH holdings) sold heavily near price tops, capturing profits and maintaining selling pressure. Exchange reserves continue to decline, reducing available supply and supporting potential price stability despite short-term volatility. Ethereum’s fully diluted P/S ratio exceeds 100x, yet holder addresses have surpassed 250 million, indicating strong long-term valuation beyond traditional metrics, with projections from experts like Tom Lee suggesting up to $62K per ETH. Ethereum holders signal long-term confidence as exchange supply falls and addresses top 250 million. Discover whale activity trends and expert projections for ETH’s future value—explore now for insights on crypto’s leading smart contract platform. What is driving Ethereum holders’ long-term confidence? Ethereum holders demonstrate resilience despite elevated valuations, with total addresses now exceeding 250 million and exchange supply dwindling to 12.5 million ETH. This trend persists even as the network’s fully diluted price-to-sales ratio remains above 100x, far surpassing many traditional tech firms. Investors appear to prioritize Ethereum’s role in decentralized finance and as a foundational settlement asset over short-term financial ratios. How has Ethereum whale activity influenced recent price movements? Mid-size whales holding between 1,000 and 10,000 ETH have been the primary sellers during recent price peaks, offloading positions to lock in gains as the market hit new highs. Data from on-chain analytics platforms like Alphractal reveals this cohort initiated sales right at the top, contributing to ongoing downward pressure on Ethereum’s price. In contrast, the largest holders—those with over 10,000 ETH—have remained neutral, neither aggressively accumulating nor distributing, which has led to…

Author: BitcoinEthereumNews

2025/12/07

What is XRP? A Complete Guide to Ripple’s Digital Currency

What is XRP? A Complete Guide to Ripple’s Digital Currency

XRP is the native cryptocurrency for the Ripple ecosystem and is one of the most popular digital assets in the crypto space. It is offered by Ripple, a fintech company that develops blockchain-based solutions for global payments, primarily targeting banks, fintechs, crypto businesses, and financial institutions worldwide. The company’s goal is to enable fast, low-cost cross-border transactions, and it does so successfully on its own blockchain, Ripple Ledger (XRPL). Aside from payments, the XRP token is designed to solve other real-world problems, such as tokenizing assets and issuing stablecoins. For a better understanding of the digital currency’s utility and other features, this comprehensive XRP guide covers what XRP is, its role in the Ripple network, and how it works. We’ll also discuss what it is used for and provide a detailed guide on how to buy and trade XRP for beginners. What is Ripple? Ripple is a leading fintech company that develops blockchain-based infrastructure to facilitate global payments. The company was co-founded by Chris Larsen and Jed McCaleb, along with Arthur Britto and David Schwartz, who began developing the XRP Ledger in 2011. Ripple’s solution is built on the XRP Ledger (XRPL), an open-source, decentralized blockchain. The XRP Ledger uses a unique consensus mechanism called the Ripple Protocol Consensus Algorithm (RPCA). This mechanism enables transactions to settle in 3-5 seconds with low fees, without relying on mining, unlike Bitcoin. Alongside facilitating cross-border financial transactions, Ripple Labs uses XRP, the platform’s native token, as a bridge asset for cross-border transfers. It is also used to pay transaction fees and support liquidity on decentralized exchanges. Aside from the native token, Ripple Labs offers RippleNet, a global payment network for real-time international settlements as an alternative to systems like SWIFT, and On-Demand Liquidity (ODL), which uses XRP to eliminate the need for pre-funded accounts. What is XRP? XRP is the native cryptocurrency of Ripple Labs. XRP enables transactions to settle in 3-5 seconds with near-zero fees, using the Ripple Protocol Consensus Algorithm instead of mining or staking. This is because a fixed supply of 100 billion XRP tokens was pre-mined at launch, so no new tokens created afterward. XRP supports peer-to-peer payments, decentralized exchanges, tokenization, and real-world assets on the XRPL. If you’re wondering if XRP is the same as Ripple, it is not. Ripple is the company behind the development of XRPL and other payment solutions, while XRP is the native cryptocurrency with a fixed supply of 100 billion XRP, all pre-mined at launch (about 59 billion in circulation). How XRP Differs from Bitcoin and Ethereum XRP differs from Bitcoin and Ethereum primarily in its consensus mechanism, transaction speed, supply model, and use cases. If you need cryptocurrency explained in a simple way, here’s how these three compare. Consensus Mechanisms Bitcoin uses Proof-of-Work (PoW), where miners solve puzzles to validate blocks every 10 minutes. In exchange, these miners receive BTC as an incentive to mine new coins. Unlike Bitcoin, Ethereum shifted to Proof-of-Stake (PoS), with validators staking ETH to produce 12-15-second blocks and variable finality. Meanwhile, XRP uses the RPCA to reach agreement among trusted validators within 3-5 seconds, without mining or staking. Supply and Purpose Bitcoin is the first cryptocurrency and has a 21 million cap, with 19.95M BTC currently in circulation. Some of Bitcoin’s use cases include: Store of value and inflation hedge, with institutional adoption through ETFs and corporate treasuries. Peer-to-peer payments and remittances though limited by speed and fees. Lightning Network for scalable micropayments and everyday transactions  You can learn what Bitcoin is from NFTPlazas to have a full understanding of its use cases, utility, and the technology behind it. Ethereum’s (ETH) supply is inflationary but burns fees, fueling dApps and smart contracts. Some of Ethereum’s use cases include: DeFi platforms for lending, borrowing, trading, and yield farming without banks. NFT marketplaces, gaming, and digital collectibles on layer-2 solutions like Optimism. Enterprise solutions via Ethereum Enterprise for supply chain and tokenized assets XRP has a fixed 100 billion pre-mined supply for cross-border payments and liquidity, with no mining. Some of XRP’s use cases include: On-demand liquidity (ODL) for instant fiat-to-fiat conversions in global remittances. Tokenization of real-world assets and decentralized exchange (DEX) on XRPL. Micropayments, IoT transactions, and stablecoin issuance which are possible due to significantly lower costs. The Role of XRP in the Ripple Network XRP powers fast, low-cost cross-border payments in the Ripple Network by acting as a bridge currency. It enables instant conversions between different fiat currencies and digital assets, settling transactions in 3-5 seconds. XRP also facilitates liquidity on the XRP Ledger, securing the system and enabling peer-to-peer transfers. Beyond payments, XRP drives trading activities by providing collateral and arbitrage opportunities while maintaining high scalability at up to 1,500 transactions per second with minimal energy use. How Does XRP Work? Here’s a detailed breakdown of the Ripple ecosystem to help you understand how it works, the technology behind it, and the difference between XRPL and other PoW and PoS chains. XRP Ledger: The Blockchain Behind XRP XRP functions through the XRP Ledger (XRPL), a decentralized blockchain that processes transactions using a unique consensus protocol. Transactions are submitted to validator nodes, which check them against network rules, propose ledgers, and iterate through rounds until 80% agreement is reached. With this, settlements are finalized in 3-5 seconds at up to 1,500 transactions per second with minimal fees. The XRPL was launched in 2012 and serves as an open-source, peer-to-peer network powered by over 120 independent validators. XRP vs Proof-of-Work and Proof-of-Stake Unlike Proof-of-Work (PoW) systems like Bitcoin, which rely on energy-intensive mining competitions to solve puzzles for block validation, XRPL’s consensus avoids mining entirely for efficiency. Meanwhile, the Proof-of-Stake (PoS) mechanism, like Ethereum, stakes tokens for validator selection and slashing risks. However, XRPL uses a lightweight validator agreement without token locking or economic penalties, unlike Ethereum. Because of the XRPL’s mechanism, transactions are faster, and operations are greener, while maintaining security through supermajority trust. What is XRP Used For? XRP serves primarily as a bridge currency for fast cross-border payments. It enables instant liquidity between fiat currencies and other assets on the XRP Ledger without pre-funded accounts. XRP also powers on-demand liquidity in Ripple’s solutions, facilitates peer-to-peer transfers, decentralized exchange trading, and tokenization of real-world assets. Benefits and Risks of Using XRP Benefits of using XRP Fast settlement times: The XRP Ledger settles transactions in about 5 seconds, which is far faster than many other blockchains. This speed is a major reason payment providers use XRP cryptocurrency for instant cross-border settlement. Low transaction costs: Because XRPL is designed to be efficient, transaction fees are usually small (fractions of a cent). This makes micro-payments and high-volume transfers more affordable compared with the traditional banking infrastructure.  Designed for cross-border liquidity: Ripple’s On-Demand Liquidity (ODL) uses XRP as a bridge asset so businesses don’t need to pre-fund foreign accounts. This leaves more capital to investors and reduces the cost/complexity of remittances and international payments. Growing institutional and payment-provider adoption: Several institutional investors, including payment firms and regional banks, have experimented with or adopted Ripple Labs services that use XRP for specific corridors. These integrations can increase real-world utility if those corridors scale.  Risks of using XRP Price volatility: Like almost every crypto asset, XRP’s market price can swing widely in short periods. That creates risk for traders and for businesses that hold XRP as a bridge asset unless they hedge or convert immediately. Price volatility can make predictability difficult for remittances or merchant payments. Legal and regulatory uncertainty: XRP has faced some regulatory concerns and legal challenges (notably the SEC vs. Ripple Labs Inc. case). Even when courts rule clearly on some points, legal outcomes or settlements can change market access (exchange listings), institutional appetite, and user confidence. Concentration of supply/centralization concerns: A significant portion of XRP was issued at genesis and held by Ripple and related entities. That concentration raises questions about the potential for market manipulation, especially regarding influence and large unlocks/sales, compared to more distributed token supplies. Exchange/wallet security risks: Holding XRP (or any crypto) exposes you to exchange hacks, wallet compromises, and human error (e.g., lost keys). Security best practices are essential; custodial solutions shift some risk but introduce counterparty risk. Academic and industry work shows crypto-specific operational risks remain material. Liquidity and market-structure risk: Even when XRP is liquid at global exchanges, local on-ramps/off-ramps for certain fiat currencies or corridors can be thin. That can cause slippage or delays in converting XRP back to local fiat when needed. How to Buy and Trade XRP for Beginners Follow these steps to buy and trade XRP as a beginner. Step 1: Choose an Exchange Select a reputable cryptocurrency exchange that lists XRP, such as Binance, Kraken, or Bybit, based on your location and payment preferences. These platforms support XRP trading for beginners and offer user-friendly interfaces with options such as bank transfers, debit cards, and ACH deposits. Some exchanges restrict users from certain jurisdictions, so verify availability in your region. In addition to accessibility, other factors to consider include the platform’s features, fee structure, security, liquidity, and user experience. To avoid making mistakes, learn how to find the best crypto exchange before you opt for any exchange platform. Step 2: Steps to buy XRP Create an account on the platform you selected to start your trading journey. Due to regulatory requirements and the nature of the services they offer (financial transactions), leading crypto trading platforms are required to collect personal information from users. Complete identity verification (KYC) by providing personal details like name, birth date, and address, and submitting a supported government-issued ID. Once you’re done, proceed to deposit funds using a supported payment method, such as bank transfer, card, or direct crypto deposit from an external wallet. Then navigate to the “Buy Crypto” section, select XRP, enter the amount, review fees, and confirm the purchase. Step 3: Steps to Trade XRP Once XRP is in your exchange wallet, use the trading interface to place market orders for instant buys/sells at the current price or limit orders to set a specific price. Monitor charts and indicators such as RSI or MACD to make day-trading decisions. If you want to sell, select “Sell,” choose XRP, enter the amount, and confirm the transaction to convert to fiat or another crypto. You don’t have to worry about buying or selling XRP since most crypto exchanges provide various ways for users to complete transactions. You can easily use the fiat on/off ramp option, use the spot market, or P2P marketplaces, where traders can buy and sell to other users directly using local payment methods. The Future of XRP: What’s Next for Ripple? XRP plans to transition into institutional DeFi, with features including a native lending protocol scheduled to launch in late 2025. In addition, the company plans to transition to a confidential Multi-Purpose Token for tokenizing real-world assets such as bonds by Q1 2026. These upgrades aim to attract banks with compliance tools, undercollateralized loans via Ripple’s RLUSD stablecoin, and asset recovery features. Additionally, extensions for custom programmability on XRPL primitives such as AMMs and escrows will roll out without requiring full smart contracts. Also, batch transactions, zero-knowledge proofs, and Wormhole integration for multichain interoperability will be rolled out in the future. Ripple will continue to focus on global financial inclusion beyond payments, leveraging stablecoins and institutional tools to boost XRP utility and liquidity amid growing network activity. Conclusion XRP is a digital asset that is currently among the top five cryptocurrencies by trading volume. It is popular among investors because of its speed, low transaction costs, and utility (solves a real problem in global payments). If you’re considering whether XRP should be on your watchlist, we’ve highlighted its use cases, benefits, and the risks involved to help you make informed investment decisions. FAQs The post What is XRP? A Complete Guide to Ripple’s Digital Currency appeared first on NFT Plazas.

Author: Coinstats

2025/12/07

Changelly x Bitexly: Empowering Fast, Non-Custodial Crypto Swaps

Changelly x Bitexly: Empowering Fast, Non-Custodial Crypto Swaps

Bitexly has officially partnered with Changelly to offer users fast, secure, and non-custodial crypto swaps directly on Bitexly.com. This integration enhances the platform’s capabilities by combining Changelly’s proven swap infrastructure with Bitexly’s streamlined user experience. What Bitexly Actually Does Bitexly is a non-custodial cryptocurrency platform that allows users to: Buy crypto using integrated on-ramp providers […] The post Changelly x Bitexly: Empowering Fast, Non-Custodial Crypto Swaps appeared first on TechBullion.

Author: Techbullion

2025/12/07

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