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Rebrand RCL to XRP Ledger

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mDuo13
2017-07-27 15:24:49 -07:00
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content/reference-ledger-format.md
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# The Ledger #
The Ripple Consensus Ledger is a shared, global ledger that is open to all. Individual participants can trust the integrity of the ledger without having to trust any single institution to manage it. The `rippled` server software accomplishes this by managing a ledger database that can only be updated according to very specific rules. Each instance of `rippled` keeps a full copy of the ledger, and the peer-to-peer network of `rippled` servers distributes candidate transactions among themselves. The consensus process determines which transactions get applied to each new version of the ledger. See also: [The Consensus Process](https://ripple.com/build/ripple-ledger-consensus-process/).
The XRP Ledger is a shared, global ledger that is open to all. Individual participants can trust the integrity of the ledger without having to trust any single institution to manage it. The `rippled` server software accomplishes this by managing a ledger database that can only be updated according to very specific rules. Each instance of `rippled` keeps a full copy of the ledger, and the peer-to-peer network of `rippled` servers distributes candidate transactions among themselves. The consensus process determines which transactions get applied to each new version of the ledger. See also: [The Consensus Process](https://ripple.com/build/ripple-ledger-consensus-process/).
![Diagram: Each ledger is the result of applying transactions to the previous ledger version.](img/ledger-process.png)