The XRP Ledger is a decentralized peer-to-peer server-driven cryptographic ledger. The XRP Ledger, a digital asset designed to bridge the many currencies in use worldwide, is the home of XRP. Ripple manages XRP Ledger development and advances XRP as a key contribution to the Value Internet. A world where money moves the way information does today.
How Does the XRP Ledger Work?
Independent participants of a global “XRP Community,” of which Ripple is an active member, maintain the ledger. Independent validator nodes agree on the order and validity of transactions involving XRP. This agreement, known as consensus, serves as an irreversible and final solution. Every 3-5 seconds, the ledger reaches agreement on all pending transactions, at which point a new ledger is released. Anyone can be a validator. Universities, exchanges and financial institutions are the active validators on the ledger today. There are actually 36 validators, of which 6 are run by Ripple of 21 percent.
How to Begin Trading Ripple (XRP)
What is the purpose of Ripple (XRP)?
Why Trade XRP?
Risks of Trading Ripple
What's the Difference Between Ripple and Bitcoin?
Can Ripple Be Mined?
Unlike Bitcoin and other coins, it is not possible to mine ripple. The only people that can produce XRP are the ones that have actually created it. To date, it is only 100 billion xrp coins that have been allotted. The XRP that is in use will be removed for any transaction. It cannot be used further in the next transaction once an XRP has been used. It means that if more users use the Ripple network to conduct transfers or actually use XRP. XRP will be drained, thereby increasing its worth in the process.