XRP Ledger Attracts Big Banks
Notably, XRP Ledger relies on a key tradeoff, with a significantly smaller number of "validators" or key operators compared to many rival blockchains. This centralized transaction-processing mechanism provides benefits in terms of security, speed, and throughput.
On the other hand, Ripple Labs, the company behind XRP Ledger, originally aimed to revolutionize cross-border payments with its native token XRP, using a feature called "On Demand Liquidity" (ODL) as a bridge asset for banks and financial institutions. Over time, Ripple Labs expanded its focus to include additional use cases, such as central bank digital currencies (CBDCs), leading to a market capitalization of $42 billion.
Is now a great opportunity to invest in Ripple (XRP) Share your thoughts...
