The XRP Ledger is a permissionless network of peer-to-peer servers that powers XRP operations.
XRP is the native token and is intended to act as a “bridge” between hard-to-match fiat currencies. So if, for example, there are no market makers on the network willing to trade shekels for shillings, one can sell the shekels for XRP and then use XRP to buy shillings.
The XRP ledger uses the Federated Consensus algorithm, which differs from proof-of-work and proof-of-stake mechanisms in that network participants are known and trusted by other participants. Unlike miners, they are not rewarded for securing the network.
Once validators agree, a new block – a “ledger version” – is created and validated. The block’s content cannot be changed. That allows servers in the network to store a complete history of the ledger state.
In order to access the XRP Ledger, connected
