XRP Which Network: A Beginner's Guide

What Is the Network Behind XRP?

Anyone new to buying, trading, or transferring XRP may ask: XRP which network is it on, and how does this affect my crypto experience? XRP is the native asset of the XRP Ledger (XRPL), a decentralized public blockchain built for fast and low-cost cross-border payments. Unlike Bitcoin and Ethereum—which use proof-of-work (PoW) or proof-of-stake (PoS)—XRP uses a unique consensus protocol, making it stand out in the crypto world.

Understanding the XRP network is key for beginners who want to avoid costly mistakes. This article explores what sets XRP’s network apart, why it matters for users and traders, and what’s changing in the world of XRP today.

How the XRP Ledger Network Works

The XRP Ledger (often called XRPL) is an open-source blockchain developed in 2012. Its main goal is to facilitate fast, secure, and inexpensive global payments.

• Consensus Mechanism: Instead of mining or staking, XRPL uses a unique consensus protocol where independent validators agree on transactions. This means:
  • Almost instant settlement (3–5 seconds)
  • Low transaction fees (often <$0.01 per transaction)
  • No mining needed, reducing power consumption
• Network Participants:
  • Validators (run by individuals, banks, and organizations)
  • Nodes that keep a copy of the ledger
  • Wallets (such as Bitget Wallet) used by users to store and transfer XRP

Recent data from xrpscan.com and Messari shows the XRPL processes more than 1.6 million transactions daily, ranking it among the most active blockchains for payments.

Why is XRPL different?

• XRPL doesn’t rely on miners
• Transactions aren’t limited by block size defining the network's scalability and efficiency

Latest Developments and Project Updates

The XRP network has seen notable updates and community engagement:

• NFTs and Tokens on XRPL: RippleX launched XLS-20, unlocking native NFT features on XRPL in Q4 2022, making it possible to mint, trade, and transfer NFTs directly on the network.
• Interoperability: XRPL’s integration with sidechains now supports smart contracts and other blockchain features, a move welcomed by developers seeking Ethereum-like functionality on XRPL.
• Stablecoin Initiatives: Ripple announced plans in 2024 to launch a USD-backed stablecoin on XRPL, aiming to tap into rising stablecoin demand (source: Ripple Official Blog).

Project highlights:

| Update | Date | Impact | |----------------------|--------------|------------------------------------------| | XLS-20 NFT Support | Q4 2022 | NFT minting and trading on XRPL | | EVM Sidechain Beta | Ongoing 2023 | Smart contracts, interoperability | | Stablecoin Launch | Planned 2024 | Expanding payments and defi use cases |

Common User Questions About the XRP Network

What network is XRP on?

XRP runs on its own blockchain—the XRP Ledger (XRPL). It is not built on top of Ethereum, Binance Smart Chain, or any other external network. Knowing this helps you avoid confusion when transferring XRP between wallets or exchanges.

Can I send XRP using Ethereum or other networks?

No. XRP only exists natively on the XRP Ledger. Some exchanges, including Bitget Exchange, may allow wrapped or pegged forms on other chains, but real XRP should always be moved using its native network (XRPL). Always check network details when withdrawing or depositing XRP to prevent loss of funds.

Which wallet should I use for XRP?

To store XRP securely and access the XRPL, use a reputable wallet like Bitget Wallet, which supports the XRP Ledger and provides easy user access. Ensure your wallet generates and manages an XRPL-compatible address (usually starting with an “r…”).

How is XRPL’s performance compared to other blockchains?

| Network | Avg Transaction Time | Avg Transaction Fee | Consensus Mechanism | |---------------|---------------------|--------------------|-------------------------| | XRP Ledger | 3-5 seconds | <$0.01 | Unique consensus (UNL) | | Bitcoin | 10-60 minutes | $1–$10+ | Proof-of-Work (PoW) | | Ethereum | 1-10 minutes | $0.10–$20+ | Proof-of-Stake (PoS) |

XRPL is one of the fastest and lowest-fee networks for crypto payments, making it a top choice for cross-border transfers.

Crucial Tips for Using XRP on Its Network

• Double-Check Network:
  • Always select “XRP Ledger” (not Ethereum, Binance Smart Chain, etc.) for deposits and withdrawals.
• Wallet Compatibility:
  • Use wallets that are natively compatible with XRPL, such as Bitget Wallet.
• Destination Tags:
  • When sending to exchanges, input a destination tag (a unique identifier) to ensure your funds go to the correct account.
• Transaction Status:
  • Track transactions using XRPL explorers like xrpscan.com for up-to-date confirmation.

Quick FAQ Based on Trending Searches

Q: Is XRP an ERC-20 token?
A: No, XRP is not an ERC-20 token; it is a native asset on its own network (XRPL).

Q: Can I transfer XRP via Binance Smart Chain or other EVM networks?
A: No, standard XRP transfers must always use the XRP Ledger. “Wrapped” versions may exist but aren’t real XRP.

Q: What’s the difference between Ripple and XRP?
A: Ripple is a private company building products on the XRP Ledger, while XRP is the digital asset itself, running on XRPL.

Q: Does XRP support DeFi?
A: XRPL is expanding DeFi features through sidechains and interoperability, though it’s not as DeFi-focused as Ethereum yet.

Key Takeaways on XRP’s Network

Knowing XRP which network it is on is crucial to safely and efficiently managing your crypto. XRP’s own blockchain, the XRP Ledger, powers instant, low-cost payments—making it vastly different from Bitcoin, Ethereum, or Binance Smart Chain. Always ensure you use XRPL when transferring XRP or selecting a wallet and double-check transaction details before sending.

For fast, secure, and reliable XRP trading, consider choosing a trusted platform like Bitget Exchange and always use a compatible solution like Bitget Wallet. Staying informed about network updates ensures your experience with XRP is smooth and secure.