How Well Do You Know XRP? Quiz
bobbyknuckles
Created 6/28/2024
Test your knowledge about XRP and see how many correct answers you can get out of 20!
1. When was the XRP Ledger launched?
2. Who are the three developers who launched the XRP Ledger?
David Schwartz, Jed McCaleb, Arthur Britto
Chris Larsen, Brad Garlinghouse, David Schwartz
Jed McCaleb, Chris Larsen, Brad Garlinghouse
Arthur Britto, Chris Larsen, David Schwartz
3. What is the native currency of the XRP Ledger?
Bitcoin
Ethereum
XRP
Litecoin
4. How many XRP tokens were pre-mined at the launch of the XRP Ledger?
50 billion
100 billion
150 billion
200 billion
5. What’s the maximum supply of XRP?
50 billion
75 billion
100 billion
150 billion
6. Who joined the XRP Ledger team as CEO after its launch?
Arthur Britto
Chris Larsen
Brad Garlinghouse
David Schwartz
7. In what year did Ripple transfer 55 billion XRP into escrow?
8. What is ODL in the context of XRP?
Open Decentralized Ledger
On-Demand Liquidity
Over-the-Counter Digital Lending
Open Distributed Ledger
9. As of March 19, 2023, how much XRP was held by Ripple?
5 billion
10 billion
20 billion
50 billion
10. How many transactions per second can the XRP Ledger handle?
11. What percentage increase did XRP’s price experience between March 22, 2017, and Jan. 8, 2018?
1,000%
10,000%
51,000%
100,000%
12. Which algorithm does the XRP Ledger utilize for transaction validation?
Proof of Work
Proof of Stake
Federated Consensus
Delegated Proof of Stake
13. Who was appointed as Ripple's first Chief Operating Officer in 2015?
David Schwartz
Chris Larsen
Arthur Britto
Brad Garlinghouse
14. What is the primary purpose of XRP in the financial ecosystem?
Miners' reward
Store of value
Bridging currency in cross-border transactions
NFT transactions
15. How long does it typically take to settle a cross-border transaction using XRP?
Less than 5 seconds
1 minute
10 minutes
1 hour
16. Which exchange is NOT mentioned as a place to buy XRP?
Binance
Huobi
Bitstamp
Coinbase
17. How many validators currently operate on the XRP Ledger?
Over 50
Over 100
Over 150
Over 200
18. What type of network is the XRP Ledger?
Permissionless
Private
Hybrid
Centralized
19. Which year did the SEC file a lawsuit against Ripple Labs?
20. What mechanism does Ripple use to improve the transparency and predictability of XRP sales?
Smart contracts
Federated Consensus
Escrow account
Proof of Work
