Cryptocurrency Q&A Is XRP layer 1 or 2?

Is XRP layer 1 or 2?

Elena Wed May 15 2024 | 5 answers 965

Excuse me, I've been trying to understand the architecture of cryptocurrencies and I'm particularly interested in XRP. Could you clarify for me if XRP is classified as a layer 1 or layer 2 protocol? I've heard conflicting opinions and I'm just trying to get a clear picture. Layer 1 protocols, I understand, are the foundational blockchains where transactions are validated and recorded, while layer 2 protocols are built on top to enhance scalability and performance. Could you please shed some light on this for me? Is XRP layer 1 or 2?

Is XRP layer 1 or 2?

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