How it operates
XRP Ledger groups transactions into a sequence of ledger versions. Each validated ledger records a shared, agreed state, including account balances, objects and transaction results.
- Data model
- Account-based ledger
- Native unit
- XRP
- Network fee
- Drops (1 XRP = 1,000,000 drops)
- Address format
- Classic addresses generally begin with r
What a record contains
Core protocol fields describe the contents, ordering and execution of a transaction.
- TransactionType
- Account
- Sequence
- Fee
- LastLedgerSequence
A ledger becomes validated when the network reaches consensus; this is different from accumulating proof-of-work confirmations.