XRP: Information & Insights

XRP Logo

OVERVIEW

XRP is a cryptographically-secured digital asset, native to the XRP Ledger (XRPL). The code that runs the XRP Ledger is open source and available to everyone under the permissive ISC license.

XRP was built for enterprise use. It settles transactions in 4-5 seconds, uses minimal energy, scales on-chain, and has transaction fees that are nearly free.

Since 2012, the XRPL has experienced 99.999% uptime, successfully closing over 45 million ledgers. The network is decentralized, with over 1,000 independent nodes running globally. At the time of this writing, XRP is the 3rd largest cryptocurrency in terms of market capitalization.

IS THE XRP LEDGER A BLOCKCHAIN?

YES! The XRPL is more than just a distributed ledger because it chains and incorporates transactions by secure hash. Each ledger contains the hash of the prior ledger. This organized data is chained together in append-only mode. The hash chain can easily be walked back to any prior ledger and any prior transaction.
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