Why the XRP Ledger?
We have chosen to primarily build on and use the XRP Ledger (XRPL), an open-source, decentralized blockchain network launched in 2012. Here’s why we are excited about XRPL:
Fast and Cost-Effective: XRPL offers lightning-fast transactions at very low costs, making it ideal for everyday use. Instant transactions that cost less than a cent.
Scalability and Efficiency: With high scalability and energy efficiency, XRPL can handle a growing number of users and transactions without the issues or environmental impact of other blockchains.
Decentralization: It's a decentralized network with a robust structure and distributed participants all around the world, ensuring no single entity dominates the control.
Proven Reliability: With over a decade of flawless operation, XRPL has shown its reliability and security, which is crucial for financial applications.
Untapped Potential: Despite its capabilities, XRPL has vast unexplored potential, especially with new features like Automated Market Makers (AMMs), lending protocols, decentralized identity, and an Ethereum Virtual Machine (EVM) sidechain.
Community Experience: Our team has been part of the XRPL ecosystem for nearly a decade, giving us deep insights into what users need and how XRPL can be leveraged for maximum benefit.
Our vision embraces a multi-chain future where different networks collaborate to offer the optimal user experience. We plan to integrate various technologies and networks to comprehensively meet our users' needs. By abstracting the complexities of blockchain technology, our goal is to provide a seamless experience where you won't need to worry about the underlying tech – it will just work effortlessly. With XRPL as our cornerstone, we are excited to make blockchain technology not just accessible but invisible in its utility for everyone in the XRPL ecosystem and beyond.
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