Learn the "what" and "why" behind fundamental aspects of the XRP Ledger.
The XRP Ledger is a decentralized cryptographic ledger powered by a network of peer-to-peer rippled servers. This section covers basic concepts that help you learn the "what" and "why" behind fundamental aspects of the XRP Ledger.
- Payment System Basics
One of the primary purposes of the XRP Ledger is payment processing. Learn more about key concepts that will help you understand the XRP Ledger payment system.
- Complex Payment Types
In addition to simple point-to-point XRP Payments, the XRP Ledger supports a number of complex payment types for a variety of use cases and situations.
- Issued Currencies
All currencies other than XRP can be represented in the XRP Ledger as issued currencies. Learn more about how issued currencies function in the XRP Ledger.
- Decentralized Exchange
The XRP Ledger contains a fully-functional exchange where users can trade issued currencies for XRP or each other.
- Consensus Network
The XRP Ledger uses a consensus algorithm to resolve the double spend problem and choose which transactions to execute in which order. Consensus also governs rules of transaction processing.
- The rippled Server
rippled is the core peer-to-peer server that manages the XRP Ledger. This section covers concepts that help you learn the "what" and "why" behind fundamental aspects of the rippled server.