About XRP Ledger (XRP)

XRP is the native digital asset of the XRP Ledger, a decentralized, open-source blockchain launched in 2012. It was created by David Schwartz, Jed McCaleb, and Arthur Britto to provide a faster and more cost-effective alternative to traditional payment systems.

The XRP Ledger is designed for cross-border payments and other financial use cases. Ripple, a company focused on blockchain-based payment solutions, supports the development and adoption of the network.

Consensus on the XRP Ledger is achieved through the Ripple Protocol Consensus Algorithm (RPCA). This system relies on a group of trusted independent validators who reach agreement on the validity and order of transactions, allowing settlements to complete within seconds while using far less energy than proof-of-work blockchains.

Use cases supported by the XRP Ledger include international payments, on-chain liquidity, and the tokenization of real-world assets. Read, learn, and explore everything about XRP on Blockport.