Cryptocurrency Q&A Is XRP a Layer 1?

Is XRP a Layer 1?

Enrico Enrico Thu May 23 2024 | 7 answers 1473
Could you please clarify for me whether XRP qualifies as a Layer 1 technology? I've been trying to understand the different layers within the blockchain ecosystem, and I'm a bit confused about where XRP fits in. Is it considered a foundational layer, akin to the base layer of other blockchain networks? Or does it operate at a different level, perhaps serving as a bridge or intermediary between other layers? Your expert insights would be greatly appreciated. Is XRP a Layer 1?

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