Glossary > XRP Ledger

XRP Ledger

What is the XRP ledger?

The XRP ledger is a blockchain led by a developer community with a native cryptocurrency Ripple (XRP), launched in 2012. It is used as a global payments network, serving major banks and financial services for example.

XRP cannot be mined. Instead, the validating nodes authenticate transactions by conducting polls. This allows faster and cheaper transactions, validated in 3 to 5 seconds. It is also less energy-consuming as it doesn’t rely on a mining consensus.