The XRP (XRPL) is a decentralized blockchain that settles transactions in seconds with comparatively low fees. Unlike proof-of-work mining networks, XRPL uses a consensus protocol among trusted validators to agree on transaction order and state.
Consensus without mining
Validators run XRPL server software and publish signed versions. The network reaches agreement when a supermajority of trusted validators accepts a candidate set of transactions. This design targets throughput and predictable costs rather than energy-intensive block production.
Accounts, keys, and transactions
Users interact through accounts identified by addresses derived from key pairs. Transactions can send XRP, configure account settings, trade on the decentralized exchange, or interact with issued tokens and AMM features—depending on what the protocol supports at the time you use it.
Open source and permissionless development
Anyone can read the code, operate a node, and build applications that submit transactions. Tooling such as public explorers helps verify balances and transaction outcomes on the live network.
How this publication uses XRPL sources
When we describe protocol behavior, we prioritize xrpl.org documentation and note when features are experimental or network-specific (mainnet vs. testnet).
Summary
XRPL is the underlying network. XRP is one asset on that network. Wallets, exchanges, and apps are separate layers with their own security and compliance properties.