What is XRP?

Launched in 2021, XRP Ledger (XRPL) is an open source, permissionless and decentralized technology. The advantages of the XRP Ledger include its low cost ($0.0002 per transaction), speed (transaction settlement in 3-5 seconds), scalability (1,500 transactions per second), and naturally green attributes (carbon neutral and energy efficient). The XRP Ledger also features the first decentralized exchange (DEX) and custom tokenization capabilities built into the protocol. Since 2012, the XRP Ledger has been operating reliably and has closed 70 million ledgers.

Who are the founders of XRP Ledger?

In 2012, David Schwartz, Jed McCaleb and Arthur Britto launched the XRP Ledger with the native XRP currency as a faster and more energy efficient alternative to the Bitcoin blockchain. In September of that year, he and Chris Larsen founded the company that is now known as Ripple.

What makes XRPL unique?

The XRP Ledger represents a wide range of payment-related applications and use cases including micropayments, DeFi and soon NFT. Deployed in 2012, XRPL supports businesses and developers in Python, Java, and JavaScript with powerful tools and flexibility. On the XRP website, developers have access to various tutorials to help them get started using different coding languages, building apps, managing accounts, and more.

Alongside its native coin, XRP, XRP Ledger is used by developers to create solutions that address inefficiencies, including remittance and asset tokenization. Currently, the five main applications of XRP Ledger are payments, tokenization, DeFi, CBDC and stablecoins.