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XRP Ledger (commonly referred to as XRP or āRippleā) is one of the first blockchains: it was introduced in June, 2012 for cross-border remittances.
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Launched by fintech veteran Chris Larsen in 2012 as an attempt to supercharge B2B and B2C cross-border remittances with decentralized tools.
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Nodes are operated by a unique Consensus Protocol; it relies on a decentralized set of validators with tokens staked.
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Unlike most other blockchains, Rippleās protocol allows users to select validators among peers based on their preferences.
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Validators are required to update ledgers every 3-5 s; in the case of a malfunction, validators work to eliminate the problem before continuing to operate.
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The blockchain is known due to its core native utility and governance asset XRP - one of the most popular cryptocurrencies of 2017 blockchain mania when it rallied by over 10,000 per cent.
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Since the blockchain was launched, its key figureheads transferred over 80 billion tokens to Ripple Inc., a US-headquartered digital payments decacorn. Over recent years, the transferred tokens have been used by Ripple for its cross-border money corridors.
GetBlock, a top-tier blockchain nodes provider, added XRP Ledger APIs to shared and dedicated nodes. As such, GetBlock clients can integrate veteran blockchain and connect their infrastructure to battle-tested nodes.
Built For Developers
XRP API:
XRP Ledger API: Bet big on promising blockchain
XRP Ledger nodes for Web3: Unmatched opportunities
XRP Ledger blockchain developers from XRPL Labs are developing new solutions for its ecosystem to supercharge Web3 use-cases such as DeFis, DEXes, marketplaces and so on. The platform is a robust liquidity provider supported by various international financial institutions.
XRP Ledger blockchain inches closer to NFTs release
In Q3, 2022, developers are planning to activate the XLS-20 update to support non-fungible tokens (NFTs) natively. As such, by adding Ripple shared and dedicated nodes, Web3 entrepreneurs can be the first to expand to new markets.
F.A.Q
XRP &
Shared Nodes FAQs
What is XRP Ledger?
What is special about XRPL nodes structure?
Is XRPL native crypto called Ripple?
Who uses XRPL blockchain right now?
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