The XRP Ledger is a decentralized, public blockchain designed for fast, low-cost payments and asset issuance. It functions as a foundational settlement layer for various digital assets, including XRP, its native cryptocurrency.
Mechanism
The XRP Ledger operates using a consensus protocol where a unique node list (UNL) of trusted validators agrees on the order and validity of transactions without requiring proof-of-work mining. This mechanism allows for rapid transaction finality, typically within 3-5 seconds, and maintains the integrity of the distributed ledger.
Methodology
Its architecture supports real-time gross settlement and a built-in decentralized exchange (DEX), facilitating direct asset-to-asset transfers and atomic swaps. This design provides infrastructure for institutional options trading, smart trading applications, and efficient request for quote (RFQ) systems, enabling secure and scalable digital asset operations.
This strategic ledger deployment by Google Cloud fundamentally redefines the architecture for institutional digital asset transfers, optimizing for regulatory compliance and operational predictability.
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