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Wietse Wind
2021-01-04 10:00:51 +01:00
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# The XRP Ledger
The XRP Ledger is a decentralized cryptographic ledger powered by a network of peer-to-peer servers. The XRP Ledger uses a novel Byzantine Fault Tolerant consensus algorithm to settle and record transactions in a secure distributed database without a central operator.
The [XRP Ledger](https://xrpl.org/) is a decentralized cryptographic ledger powered by a network of peer-to-peer servers. The XRP Ledger uses a novel Byzantine Fault Tolerant consensus algorithm to settle and record transactions in a secure distributed database without a central operator.
## XRP
XRP is a public, counterparty-free asset native to the XRP Ledger, and is designed to bridge the many different currencies in use worldwide. XRP is traded on the open-market and is available for anyone to access. The XRP Ledger was created in 2012 with a finite supply of 100 billion units of XRP. Its creators gifted 80 billion XRP to a company, now called [Ripple](https://ripple.com/), to develop the XRP Ledger and its ecosystem. Ripple uses XRP to help build the Internet of Value, ushering in a world in which money moves as fast and efficiently as information does today.
[XRP](https://xrpl.org/xrp.html) is a public, counterparty-free asset native to the XRP Ledger, and is designed to bridge the many different currencies in use worldwide. XRP is traded on the open-market and is available for anyone to access. The XRP Ledger was created in 2012 with a finite supply of 100 billion units of XRP. Its creators gifted 80 billion XRP to a company, now called [Ripple](https://ripple.com/), to develop the XRP Ledger and its ecosystem. Ripple uses XRP to help build the Internet of Value, ushering in a world in which money moves as fast and efficiently as information does today.
## rippled
The server software that powers the XRP Ledger is called `rippled` and is available in this repository under the permissive [ISC open-source license](LICENSE). The `rippled` server is written primarily in C++ and runs on a variety of platforms.
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- **[Modern Features for Smart Contracts][]:** Features like Escrow, Checks, and Payment Channels support cutting-edge financial applications including the [Interledger Protocol](https://interledger.org/). This toolbox of advanced features comes with safety features like a process for amending the network and separate checks against invariant constraints.
- **[On-Ledger Decentralized Exchange][]:** In addition to all the features that make XRP useful on its own, the XRP Ledger also has a fully-functional accounting system for tracking and trading obligations denominated in any way users want, and an exchange built into the protocol. The XRP Ledger can settle long, cross-currency payment paths and exchanges of multiple currencies in atomic transactions, bridging gaps of trust with XRP.
[Censorship-Resistant Transaction Processing]: https://developers.ripple.com/xrp-ledger-overview.html#censorship-resistant-transaction-processing
[Fast, Efficient Consensus Algorithm]: https://developers.ripple.com/xrp-ledger-overview.html#fast-efficient-consensus-algorithm
[Finite XRP Supply]: https://developers.ripple.com/xrp-ledger-overview.html#finite-xrp-supply
[Responsible Software Governance]: https://developers.ripple.com/xrp-ledger-overview.html#responsible-software-governance
[Secure, Adaptable Cryptography]: https://developers.ripple.com/xrp-ledger-overview.html#secure-adaptable-cryptography
[Modern Features for Smart Contracts]: https://developers.ripple.com/xrp-ledger-overview.html#modern-features-for-smart-contracts
[On-Ledger Decentralized Exchange]: https://developers.ripple.com/xrp-ledger-overview.html#on-ledger-decentralized-exchange
[Censorship-Resistant Transaction Processing]: https://xrpl.org/xrp-ledger-overview.html#censorship-resistant-transaction-processing
[Fast, Efficient Consensus Algorithm]: https://xrpl.org/xrp-ledger-overview.html#fast-efficient-consensus-algorithm
[Finite XRP Supply]: https://xrpl.org/xrp-ledger-overview.html#finite-xrp-supply
[Responsible Software Governance]: https://xrpl.org/xrp-ledger-overview.html#responsible-software-governance
[Secure, Adaptable Cryptography]: https://xrpl.org/xrp-ledger-overview.html#secure-adaptable-cryptography
[Modern Features for Smart Contracts]: https://xrpl.org/xrp-ledger-overview.html#modern-features-for-smart-contracts
[On-Ledger Decentralized Exchange]: https://xrpl.org/xrp-ledger-overview.html#on-ledger-decentralized-exchange
## Source Code
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## See Also
* [XRP Ledger Dev Portal](https://developers.ripple.com/)
* [XRP News](https://ripple.com/category/xrp/)
* [Setup and Installation](https://developers.ripple.com/install-rippled.html)
* [Doxygen](https://ripple.github.io/rippled)
To learn about how Ripple is transforming global payments, visit
<https://ripple.com/contact/>.
* [XRP Ledger Dev Portal](https://xrpl.org/)
* [Setup and Installation](https://xrpl.org/install-rippled.html)
* [Source Documentation (Doxygen)](https://ripple.github.io/rippled)