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XRP cannot be mined, and this is actually one of the most important things to understand about this cryptocurrency right now. Unlike Bitcoin or Ethereum, which rely on mining to create new coins, XRP operates with a fixed supply of 100 billion tokens that only decreases over time, and the way Ripple tokenomics work is that tokens are permanently destroyed with each transaction. This creates a scarcity effect that has catalyzed various major discussions around price predictions as adoption continues to grow across several key institutional sectors. Also Read: Ripple’s Bold $1B XRP Move Echoes Pundit’s $27 Endgame Forecast How XRP Deflationary Tokenomics And Scarcity Could Boost Price Source: CoinDesk At the time of writing, crypto researcher SMQKE has been sharing documented sources that explain how XRP’s structure actually works, and these materials have spearheaded renewed attention across multiple essential areas of the crypto market. Ripple created all 100 billion tokens at lau...

El Salvador’s first Bitcoin anniversary comes amid BTC losing over 60% of value in one year, but that doesn't really mean that the country’s Bitcoin experiment has failed. Sept. 7, 2022 marks exactly one year since El Salvador became the first country in the world to adopt Bitcoin (BTC) as legal tender by enforcing the Bitcoin Law. Advocating for Bitcoin as legal tender last year, El Salvador President Nayib Bukele promised that Bitcoin adoption would benefit the 70% of the local population that had a lack of access to banking services as of 2021. The Salvadoran government also touted Bitcoin as a tool to attract foreign investment, create new jobs and cut reliance on the U.S. dollar in the country’s economy. One may question the current real benefits of Bitcoin Adoption in El Salvador as Bitcoin has lost roughly 60% of its value since the country adopted the cryptocurrency as legal tender. Exactly on this day one year ago, BTC was trading at around $46,000, according to data from...