Which blockchain does XRP utilize?

3 answers

• Jan 10, 2022 · 3 years ago
  XRP utilizes its own blockchain called the XRP Ledger. It is a decentralized and open-source blockchain that enables fast and low-cost transactions. The XRP Ledger is not based on proof-of-work like Bitcoin or proof-of-stake like Ethereum. Instead, it uses a consensus algorithm called the Ripple Protocol Consensus Algorithm (RPCA). This algorithm allows for the validation and agreement of transactions across the network.
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• Jan 10, 2022 · 3 years ago
  XRP, the cryptocurrency associated with Ripple, utilizes the XRP Ledger as its blockchain. The XRP Ledger is designed to enable fast and secure transactions, with a focus on facilitating cross-border payments. It is a decentralized blockchain that operates independently of any central authority. The XRP Ledger uses a unique consensus algorithm called the Ripple Protocol Consensus Algorithm (RPCA) to validate and agree on transactions.
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• Jan 10, 2022 · 3 years ago
  XRP, the digital currency associated with Ripple, utilizes its own blockchain known as the XRP Ledger. The XRP Ledger is a decentralized and open-source blockchain that enables fast and efficient transactions. It uses a consensus algorithm called the Ripple Protocol Consensus Algorithm (RPCA) to validate and confirm transactions. The XRP Ledger is designed to support the seamless transfer of value and is used by various financial institutions for cross-border payments.
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