Why XRP Ledger is the future of a sustainable and efficient crypto ecosystem


As we have decided to switch from ERC-20 to the XRP Ledger (XRPL), we want to share with you some background information about the XRPL and highlight its key benefits.

The XRPL was created in 2011 by developers David Schwartz, Jed McCaleb, and Arthur Britto with the goal of designing a digital asset that could handle transactions faster than Bitcoin while being more sustainable and scalable. This led to the birth of the cryptocurrency XRP and the blockchain technology supporting it - XRPL.

With over a decade of successful operations, the XRPL has proven to be reliable in various use cases such as payments, tokenisation, DeFi, and more.

Here are some of the major benefits of using XRPL:

Fast transactions

Sending payments across the XRPL network typically takes only 3-5 seconds on a global scale. In comparison, it takes less time to complete a transaction on XRPL than to read this sentence!

Low fees

Using XRPL is exceptionally cheap. The network charges a transaction fee of less than one cent, starting at just 0.0002 XRP. This is significantly lower than the fees on other blockchains, including ERC-20.


Blockchain networks usually consume massive amounts of energy to process transactions and maintain their network. However, XRPL is designed to use as little energy as possible. Its unique consensus algorithm does not require mining, which eliminates the need for high-power-consuming equipment.

In fact, XRP uses only 0.0079 kWh of energy per transaction, which is 100,000 times smaller than the energy required by Bitcoin per transaction. This translates into an annual energy saving of over 50 billion kWh. Moreover, XRPL is the world's first major public blockchain to be certified carbon-neutral!


XRPL employs a unique Ripple Protocol Consensus Algorithm (RPCA), which provides a high level of security. Apart from that, the XRPL also uses cryptographic signatures, multi-sig escrows, firewalls, fraud detection algorithms, account recovery mechanisms etc, that are designed to identify and mitigate potential security risks.

Bottom line

From its lightning-fast transaction times to its low fees and impressive sustainability credentials, XRPL represents a new era of blockchain innovation. As we move towards our XRPL launch, we're excited to be part of a community that is leading the way in creating a better, more sustainable crypto future.

GTS Team
October 5, 2023