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Why XRP Ledger?
XPMarket is built on the XRP Ledger (XRPL), a decentralised blockchain system that enables the transfer of digital assets. The XRPL is an open-source blockchain protocol designed to handle a high volume of transactions quickly and efficiently, with a typical settlement time of around 3-5 seconds. This is significantly faster than most other blockchain systems, making it an ideal foundation for a platform like XPMarket.
The XRPL also has a built-in decentralised exchange (DEX) that allows users to trade any pair of issued assets. This includes the native digital asset of the XRP Ledger, XRP, as well as other issued tokens such as those tracked by XPMarket. The DEX is an integral part of the XRPL and is used by XPMarket to provide real-time trading functionality.
Furthermore, the XRPL uses a "XRP Ledger Consensus Protocol" for validating transactions, as opposed to the energy-intensive proof-of-work used by some other blockchains. This makes the XRPL more environmentally friendly and sustainable in the long term.
By leveraging the XRPL, XPMarket can provide real-time updates on XRPL tokens and NFT collections, ensuring that users have access to the most accurate and up-to-date information. Additionally, the speed and efficiency of the XRPL enable XPMarket to provide a smooth and responsive user experience, even during periods of high market activity.
In summary, the XRPL's speed, efficiency, built-in DEX, and environmentally friendly consensus algorithm make it an ideal foundation for XPMarket's services.