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Cryptocurrency Q&A Is XRP Layer 2?

Is XRP Layer 2?

Claudio Claudio Tue Sep 24 2024 | 5 answers 723
Excuse me, could you please clarify whether XRP operates as a Layer 2 solution within the blockchain ecosystem? I'm trying to understand if XRP's functionality aligns with the traditional definition of a Layer 2 protocol, which typically enhances scalability and transaction speed while maintaining security and decentralization on top of an existing Layer 1 blockchain. Your insights would be greatly appreciated. Is XRP Layer 2?
xrp layer 2 cryptocurrency

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