Proven reliable over more than a decade of error-free functioning, the XRPL offers streamlined development, low transaction costs, 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.
Digital Asset Custody
While it might seem safer web3 internet browsers to have something “real” in your hand, many people 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.
Watch the explainer video series to learn more about 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”.
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 becoming a blockchain developer several other countries. Explore the impact of the world’s first major, global, public carbon-neutral blockchain.
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 to start your next big blockchain project, explore the XRPL now and consider applying for funding on your next blockchain project.
A Sustainable Blockchain
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.
- The block is uniquely identified with a very elaborate, complicated, computer-generated, cryptographic Hash number that is 64 hexadecimal characters long.
- Significant investment in development, along with low transaction costs and energy usage, is fueling growth and opening up a wide variety of use cases at scale.
- 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.
- For developers or new users who want to try out the features of XRPL without investing their own funds, there are two developer environments, Testnet and Devnet.
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.
The XRP Ledger was designed with sustainability in mind.
Currently, over 120 validators are active on the ledger, operated by universities, exchanges, businesses, and individuals. As the validator pool grows, the consensus protocol how to sell shibadoge ensures decentralization of the blockchain over time. XRP can be sent directly without needing a central intermediary, making it a convenient instrument in bridging two different currencies quickly and efficiently.