| Project/Products | Use Case | Status |
|---|---|---|
| Public Blockchain | XRP Ledger is a decentralized and public blockchain that requires approval from at least 80% of the network for any changes impacting transaction processing or consensus. | Passed |
| Efficient Transaction Processing | XRP Ledger's consensus process does not require multiple confirmations for immutability, making it faster and more efficient at processing transactions compared to Bitcoin and other major cryptocurrencies. | Passed |
| Support for Tokenizing Arbitrary Assets | XRP Ledger was specifically designed to support the tokenization of arbitrary assets, providing a versatile platform for creating and managing digital tokens. | Passed |
| Development of a Layered Ecosystem | XRP Ledger fosters a deep and layered ecosystem of software projects that power and enable an "Internet of Value," facilitating seamless value exchange and transactions on the blockchain. | Passed |
XRP is a decentralized and public blockchain that revolutionizes digital payments with faster, greener, and cheaper transactions compared to traditional assets. Utilizing an energy-efficient "consensus" mechanism and carbon offsets, XRP aims to be carbon-neutral. Its flexibility enables tokenization of various assets, while the consensus process's efficiency, devoid of mining or multiple confirmations, makes it faster and more effective than major cryptocurrencies like Bitcoin. Providing an eco-friendly and versatile platform, XRP fosters efficient payments, asset tokenization, and innovative applications.
XRP Ledger Consensus Protocol
Why is it halal if it partners with conventional banks?