XRP Ledger

Q1) XRPL is decentralized, permissionless, and open-source

Answer: True

Q2) What is the native digital asset on the XRP Ledger?

Answer: XRP

Q3) On average, how long does a transaction confirmation on the XRP Ledger take?

Answer: 3 to 5 seconds

Q4) What is the XRP Ledger’s validation mechanism?

Answer: Federated Consensus

Q5) What can the XRP Ledger be used for today?

Answer: All the correct