The peer-to-peer network that manages the ledger is open to everyone. The XRP Ledger is maintained by software engineers, server operators, users, and businesses–a global community working to solve problems and create real-world value.
All servers in the network process each transaction according to the same rules, and any transaction that follows the protocol is confirmed right away. All transactions are public, and strong cryptography guarantees the integrity of the system.
Currently, over 120 validators are active on the ledger, operated by universities, exchanges, businesses, and individuals. As the validator pool grows, the consensus protocol ensures decentralization of the blockchain over time.
Unlike most other blockchains, the XRP Ledger requires no mining and uses negligible energy, key to long-term growth and stability.Learn More
With the XRPL, these developers are building innovative blockchain projects and applications across use cases including tokenization of assets, online gaming, asset custody, NFTs, and DeFi.Explore More
Significant investment in development, along with low transaction costs and energy usage, is fueling growth and opening up a wide variety of use cases at scale.
XRP Ledger’s innovation relies on the shared community experience of builders like you. If you’re ready to start your next big blockchain project, explore the XRPL now and consider applying for funding on your next blockchain project.Explore XRPL Developer Funding
No, the XRP Ledger is a decentralized, public blockchain. Any changes that would impact transaction processing or consensus need to be approved by at least 80%% of the network. Ripple is a contributor to the network, but its rights are the same as those of other contributors. In terms of validation, there are 150+ validators on the network with 35+ on the Unique Node List (see “What are Unique Node Lists (UNLs)?” in the Full FAQ) — Ripple runs 6 of these nodes.
Proof of Work (PoW) was the first mechanism to solve the double spend problem without requiring a trusted 3rd party. However the XRP Ledger’s consensus mechanism solves the same problem in a far faster, cheaper and more energy efficient way.
It’s been widely reported that Bitcoin’s energy consumption, as of 2021, is equivalent to that used by Argentina, with much of the electricity Bitcoin miners use coming from polluting sources. The XRP Ledger confirms transactions through a “consensus” mechanism - which does not waste energy like proof of work does - and leverages carbon offsets to be one of the first truly carbon neutral blockchains.