What is the XRP Ledger?

Originally, the XRP Ledger was called “Ripple” for the way the technology allowed payments to ripple through multiple hops and currencies. For the native asset built into the ledger, the creators chose the ticker symbol “XRP” from the term “ripple credits” or “ripples” and the X prefix for non-national currencies in the ISO 4217 standard. The name “XRP” came to be used to refer to the asset in all contexts, to avoid confusion with the similar names for the technology and company, and eventually the company shortened its own name to “Ripple”.

High Performance

1. This creates an open, distributed ledger that records transactions between parties efficiently and in a verifiable and permanent way.
2. It is costly to safely store and transport valuable items for payment.
3. In terms of validation, there are 150+ validators on the network with 35+ on the Unique Node List (see “What are Unique Node Lists (UNLs)?
4. However the XRP Ledger’s consensus mechanism solves the same problem in a far faster, cheaper and more energy efficient way.
5. By using XRP for cross border payments, financial institutions can bridge currencies and ensure payments are sent and received in local currency on either side of a transaction in as little as 3 seconds.
6. The XRP Ledger is a blockchain that permanently records digital transactions of tokens between accounts.

While it might seem safer to have something “real” in your hand, many people should i sell my bitcoin experts predict what will happen to the price wouldn’t know fool’s gold from the actual thing, or cubic zirconia from a genuine diamond. You can forget you have a $10 bill in your pocket and ruin it in the wash. It is costly to safely store and transport valuable items for payment. Cryptocurrencies are compelling for investors and developers because no single entity can “pull the plug” on them and have them disappear. The block is also identified by a timestamp with its creation time.

The XRP Ledger was designed with sustainability in mind.

Offers lightning-fast, cost-effective transactions that settle every 3-5 seconds at fractions of a cent per transaction. XRP is one of the only cryptocurrencies determined not to be a security in the United States and with a foundation of regulatory clarity in several other countries. Explore the impact of the world’s first major, global, public carbon-neutral blockchain.

A cryptocurrency is a digital or virtual currency that is secured by cryptography and tracked using a blockchain. The security and integrity of cryptocurrency makes it nearly impossible to counterfeit or double-spend. Learn how the XRP Ledger can help transform business and finance.

Choose a path, and bring your project to life on the XRP Ledger

Supports large-scale applications and long term projects, with 2.8B+ transactions processed representing over $1T in value moved between counterparties since 2012. Ripple’s solutions leverage XRP Ledger technology and its native digital asset, XRP. Together, we’re building the greenest infrastructure to drive blockchain innovation that doesn’t sacrifice utility or performance, to bring the developer community’s vision to life.

Powerful enough to bootstrap a new economy, the XRP Ledger (XRPL) is fast, scalable, and sustainable. It’s been widely reported that Bitcoin’s energy consumption, as of 2021, is equivalent to that used by Argentina, with much of the electricity Bitcoin miners use coming from polluting sources. By using XRP for cross border payments, financial institutions can bridge currencies and ensure payments are sent and received in local currency on either side of a transaction in as little as 3 seconds.

Each block contains a hash pointer as a link to the previous block. It also has a timestamp, new data, and its own unique hash number. Proof of Work (PoW) was the first mechanism to solve the double spend problem without requiring a trusted 3rd party. However the XRP Ledger’s consensus mechanism solves the same problem in a far faster, cheaper and more energy efficient way. XRP Ledger’s innovation relies on the shared community experience of builders like you. If you’re ready flash loans crypto to start your next big blockchain project, explore the XRPL now and consider applying for funding on your next blockchain project.

Ripple is a technology company whose solutions use XRPL, XRP, RLUSD, and other digital assets. Ripple is also a holder of XRP and one of many developers building on and contributing to the XRP Ledger. With the XRPL, these developers are building innovative blockchain projects and applications across use cases including tokenization of assets, online gaming, asset custody, NFTs, and DeFi.

Proven reliable over more than a decade of error-free functioning, the XRPL offers streamlined development, low transaction costs, start brokerage with white label software high performance, and sustainability. So you can build with confidence–and move your most critical projects forward. This creates an open, distributed ledger that records transactions between parties efficiently and in a verifiable and permanent way. Unlike most other blockchains, the XRP Ledger requires no mining and uses negligible energy, key to long-term growth and stability.