| It is the native digital asset on the XRP Ledger—an open-source, permissionless and decentralized blockchain technology that can settle transactions in 3-5 seconds | XRP can be sent directly without needing a central intermediary, making it a convenient instrument in bridging two different currencies quickly and efficiently |
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| Independent validator nodes come to an agreement on the order and validity of XRP transactions | Holders who had XRP in their wallets and exchanges back in December will soon be getting a reward from Ripple Labs; an airdrop of Spark Tokens, the new utility token for the Flare Network |
This agreement, called consensus, serves as final and irreversible settlement.
21| Third parties are also pursuing other XRP-related use cases | Learn how to get started |
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| The ledger reaches consensus on all outstanding transactions every 3-5 seconds, at which point a new ledger is issued |
Anyone can be a validator, and active validators on the ledger today include universities, exchanges and financial institutions.
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