RPL (XRP Ledger) is a decentralized blockchain for fast and cheap transactions, the main cryptocurrency of which is XRP. But XRPL also supports many other assets.
The main advantages of XRPL:
✅ Speed: transactions take only 3-5 seconds.
✅ Low fees: the average cost is less than 0.0002 XRP.
✅ Scalability: processes up to 1,500 transactions per second.
✅ Decentralization: consensus protocol without mining.
What is XRPL used for?
🔹 International transfers — fast and inexpensive.
🔹 Issuance of tokens — for example, stablecoins.
🔹 DeFi — lending, asset exchange and other financial services.
🔹 CBDC is a platform for digital currencies of central banks.
🔹 Solutions for business — optimization of payments and liquidity.
How does this affect XRP?
🟢 Fees and Reserves: Every transaction on XRPL requires payment in XRP, and every new account requires a minimum of 10 XRP.
🟢 Volume Reduction: Fees are burned forever, reducing the total amount of XRP available.
Implications for the XRP market:
🔺 Demand growth due to increased transactions.
🔺 Limited supply increases the scarcity and value of the token.
🚀 In the future, the XRPL ecosystem can make XRP an even more important element in the world of tokenized assets!