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What are the key differences between XRP and XRPL?

avatarKeating StarrDec 30, 2021 · 3 years ago3 answers

Can you explain the main distinctions between XRP and XRPL in the world of digital currencies?

What are the key differences between XRP and XRPL?

3 answers

  • avatarDec 30, 2021 · 3 years ago
    XRP and XRPL are both related to Ripple, but they serve different purposes. XRP is the native cryptocurrency of the Ripple network, used for fast and low-cost transactions. On the other hand, XRPL (XRP Ledger) is the decentralized blockchain technology behind Ripple, which enables the secure and efficient transfer of XRP. In summary, XRP is the digital asset, while XRPL is the underlying technology that powers it.
  • avatarDec 30, 2021 · 3 years ago
    XRP and XRPL are like a dynamic duo in the world of digital currencies. XRP is the superhero, with its super-fast transaction speed and low fees, while XRPL is the sidekick, providing the decentralized ledger that ensures the security and integrity of XRP transactions. Together, they make Ripple a force to be reckoned with in the crypto space.
  • avatarDec 30, 2021 · 3 years ago
    When it comes to the differences between XRP and XRPL, it's important to note that XRP is the cryptocurrency itself, while XRPL is the technology that supports it. XRP can be used for various purposes, such as remittances and cross-border payments, while XRPL is the distributed ledger that records all XRP transactions. So, in a nutshell, XRP is the digital money, and XRPL is the digital ledger that keeps track of it.