XRP Network (XRP), formerly known as Proton, is a public blockchain and smart contract platform designed for consumer applications and peer-to-peer payments. It operates as a layer-one proof-of-stake blockchain, utilizing WebAssembly (WASM) smart contracts to provide high performance, scalability, and sustainability. Developers can leverage XPR Network to build tokens, NFTs, exchanges, lending markets, and more.
The native token, XPR, serves multiple functions within the ecosystem:
Transaction Fees: XPR is used to pay for network transaction fees, which are minimal.
Staking: Users can stake XPR tokens to earn rewards, contributing to network security and operations.
Governance: Holding XPR allows participation in network governance decisions through voting on proposals.
