Cryptocurrency Q&A
Is there a private XRP Ledger?
Is there a private XRP Ledger?
BitcoinWarrior
Thu Dec 12 2024
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7 answers
1681
I'm wondering if there's a version of the XRP Ledger that's privately owned or controlled, instead of being public and decentralized like most cryptocurrencies.
7 answers
Giuseppe
Sat Dec 14 2024
The question arises whether XRPL is a private blockchain owned by Ripple.
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TaekwondoPower
Sat Dec 14 2024
The answer to this question is no. The XRP Ledger is not a private blockchain.
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QuasarPulse
Sat Dec 14 2024
Instead, it is a decentralized, public blockchain. This means that it is not controlled by a single entity or organization.
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SsangyongSpiritedStrengthCourage
Sat Dec 14 2024
The XRP Ledger operates on a distributed ledger technology, which allows for transparent and secure transactions.
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MysticGalaxy
Sat Dec 14 2024
Any changes that would impact transaction processing or consensus on the XRP Ledger need to be approved by a significant portion of the network.
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