XRPUSDT
XRP/Tether·Spot·BINANCE
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About XRP
a16z Portfolio
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XRP operates on the XRP Ledger, an open-source blockchain that fundamentally differs from traditional proof-of-work systems. The ledger uses a unique consensus mechanism called the Ripple Protocol Consensus Algorithm (RPCA), which relies on a network of trusted validators rather than mining. This approach enables the network to process transactions in ledger versions that close approximately every 3-5 seconds, making it suitable for real-time payment systems. The ledger operates through a system of Unique Node Lists (UNLs) where each validator maintains a list of trusted nodes. The fundamental design prioritizes energy efficiency and speed over the computational competition found in mining-based systems.
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