What is the XRP Ledger (XRPL)?. The XRP Ledger is a fast, low‑fee blockchain optimized for payments and tokenized assets. It uses a unique consensus protocol rather than mining.
How it works
Independent validators maintain lists of trusted peers and agree on transaction order within seconds.
Why it matters
XRPL’s speed and cost profile suit remittances, FX, and on‑chain issuance.
Common pitfalls
- Ignoring destination tags for exchange deposits
- Confusing XRP with IOUs issued by gateways
- Not checking trust lines when using issued currencies
Quick example
A remittance app settles transfers in seconds using XRPL’s built‑in decentralized exchange.
See also
- Interoperability
- Stablecoin
- Bridge
TL;DR: What is the XRP Ledger (XRPL)? defined in plain English with practical next steps.
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