Which blockchain network does XRP run on?

3 answers

• Dec 27, 2021 · 3 years ago
  XRP runs on its own blockchain network called the XRP Ledger. It is a decentralized blockchain that enables fast and low-cost transactions. The XRP Ledger uses a consensus algorithm called the Ripple Protocol Consensus Algorithm (RPCA) to validate transactions and secure the network. It is designed to be scalable and can handle a high volume of transactions per second. XRP is used as a bridge currency for transferring value between different fiat currencies and cryptocurrencies.
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• Dec 27, 2021 · 3 years ago
  XRP runs on the XRP Ledger, which is a public blockchain network. It is different from other cryptocurrencies like Bitcoin and Ethereum, which run on their own separate blockchains. The XRP Ledger is designed to facilitate fast and efficient cross-border payments. It uses a unique consensus algorithm that doesn't rely on mining, making it more energy-efficient compared to other blockchain networks.
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• Dec 27, 2021 · 3 years ago
  XRP runs on its own blockchain network called the XRP Ledger. The XRP Ledger is not controlled by any single entity and is open to anyone who wants to participate. It is designed to be fast, secure, and scalable, making it suitable for various use cases. The XRP Ledger uses a consensus algorithm called the Ripple Protocol Consensus Algorithm (RPCA) to validate transactions. It is important to note that XRP is not mined like Bitcoin or Ethereum, but instead, a fixed supply of XRP was created at its inception.
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