OK, so I have been hearing about Ripple (XRP) from time to time around the cryptosphere, so I decided to take a look. Seems to be very different from the other cryptos out there. From what I gathered, and I may be wrong, the RTXP (Ripple Transaction Protocol) is a new financial protocol for financial institutions to communicate and transfer funds. I feel that is pretty significant.
So from here, it got a little hazy for me. Is Ripple (XRP) itself just a digital representation of the currency you use to purchase it?
My next question is, how is Ripple created and is there a set number of coins available? Or is it simple a digital voucher for physical currency, mind you a currency agnostic digital voucher?
My last question is based on my understanding of Ripple as a digital voucher. How does the value of Ripple increase and decrease on the exchanges?
I am sorry if some of these questions may seem elementary, but I am curious about this crypto and thought that members of this community are the perfect people to help feed my curiosity.