Cryptocurrency Q&A Which blockchain is XRP on?

Which blockchain is XRP on?

Giulia Giulia Tue Feb 11 2025 | 5 answers 1019
XRP is the native cryptocurrency of the XRP Ledger blockchain, designed for cross-border payments and as a faster and cheaper payment system for businesses and financial institutions. Which blockchain is XRP on?

5 answers

CryptoVanguard CryptoVanguard Thu Feb 13 2025
XRP holds a unique position as the native cryptocurrency of the XRP Ledger blockchain. This digital asset plays a pivotal role within the ecosystem it supports.

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Raffaele Raffaele Wed Feb 12 2025
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Elena Elena Wed Feb 12 2025
The XRP Ledger blockchain operates similarly to many other blockchain technologies. Its primary function is to securely store transactional data. This is achieved through a distributed consensus mechanism, ensuring that all records are immutable and transparent.

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BonsaiStrength BonsaiStrength Wed Feb 12 2025
The design of XRP is quite distinctive. It was specifically crafted to serve as an intermediate currency for transactions that involve multiple crypto-assets and networks. This feature makes it a versatile option for businesses looking to facilitate cross-chain transactions.

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Eleonora Eleonora Wed Feb 12 2025
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