Cryptocurrency Q&A Is XRP layer 1?

Is XRP layer 1?

Daniele Wed May 29 2024 | 7 answers 1353

Could you please clarify for me whether XRP operates as a layer 1 protocol in the blockchain ecosystem? I'm trying to understand its position within the cryptocurrency landscape and how it compares to other blockchain networks. Is it considered a foundational layer for transactions, or does it serve a different purpose within the crypto sphere? Thank you for your assistance in clarifying this matter. Is XRP layer 1?

Is XRP layer 1?

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