XRP Ledger is an open-source blockchain platform created to facilitate fast and efficient transactions. It is designed primarily to support the transfer of XRP, a digital asset that serves as a bridge currency for various fiat currencies.The ledger operates through a consensus mechanism, which allows transactions to be validated by network participants rather than relying on mining, making it energy-efficient. Each transaction is recorded on the blockchain and is permanent, ensuring transparency and security.One of the standout features of the XRP Ledger is its capability to settle transactions in just a few seconds, compared to the minutes or hours often associated with other blockchains. This speed, combined with low transaction fees, makes it attractive for financial institutions and users alike.Additionally, the XRP Ledger supports smart contracts and decentralized applications, broadening its utility beyond simple transactions. Overall, it aims to provide a scalable and robust infrastructure for transferring value across the globe.