Concepts

Learn the "what" and "why" behind fundamental aspects of the XRP Ledger.

  • Introduction

    Learn the "what" and "why" of the XRP Ledger.

  • Payment System Basics

    One of the primary purposes of the XRP Ledger is payment processing. Learn more about key concepts that will help you understand the XRP Ledger payment system.

  • Payment Types

    The XRP Ledger supports point-to-point XRP payments alongside other, more specialized payment types.

  • Issued Currencies

    All currencies other than XRP can be represented in the XRP Ledger as issued currencies. Learn more about how issued currencies function in the XRP Ledger.

  • Decentralized Exchange

    The XRP Ledger contains a fully-functional exchange where users can trade issued currencies for XRP or each other.

  • Consensus Network

    The XRP Ledger uses a consensus algorithm to resolve the double spend problem and choose which transactions to execute in which order. Consensus also governs rules of transaction processing.

  • The rippled Server

    rippled is the core peer-to-peer server that manages the XRP Ledger.