A decentralized financial network can settle global transactions using less energy than a small country
The XRP Ledger utilizes a federated Byzantine agreement to settle global financial transactions with a fraction of the energy consumption required by traditional proof-of-work blockchains like Bitcoin.
The XRP Ledger processes 1,500 transactions per second while consuming negligible electricity compared to the 10TWh annually used by networks like Bitcoin. Instead of energy-intensive mining, it relies on a consensus protocol where a unique node list of roughly 35 validators reaches a supermajority agreement. This mechanism allows transactions to achieve finality in just three to five seconds.
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