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Binance Calls XRP Ledger “First Major Blockchain to Be Certified Carbon Neutral”

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Binance Calls XRP Ledger “First Major Blockchain to Be Certified Carbon Neutral”

The education arm of the world’s largest crypto exchange (by trading volume) has a lot of good things to say about the decentralized public blockchain XRPL Registry (XRPL) and its native token XRP.

The XRP Ledger was created in 2012 by David Schwartz, Jed McCaleb and Arthur Britto.

On February 27, 2020, during a episode from “The Ripple Drop” (Ripple web video series), Ripple CTO David Schwartz spoke with producer/publisher Reinhard Cate about the evolution of the XRP Ledger.

Cate started the interview by asking Schwartz how the XRP Ledger got started and what its current status is.

Schwartz replied

Well, I started working on what we now call the XRP Ledger at the end of 2011; so I’ve been here eight [or] nine years… but the changes have been drastic. I mean, in the beginning, all we had was the ability to make a transaction on a decentralized ledger in just a few seconds, and then we started to realize that the properties of the algorithms we developed allowed us to make things like a decentralized ledger exchange.




And then we had this idea of ​​allowing people to issue assets and ideas like community credit, and we put that all together into a working system probably in mid-2012.

Binance Academy, which was officially spear on December 11, 2018, is the education arm of Binance. Here’s how Binance presented it back then:

Binance Academy is a non-profit blockchain educational portal that offers quality, easy-to-understand content for users and cryptocurrency enthusiasts around the world. Since the launch of the Academy’s limited beta in August four months ago, users have spent over 14,000 hours on the platform; equivalent to 10,000 minutes of content consumed per day, and 583 days of educational material broadcast in total.

Ted Lin, Director of Growth at Binance, had this to say:

Education is the essential pillar for the proliferation of crypto and blockchain usage. With adoption still in its infancy, the world needs a consolidated, easy-to-use, and trusted source of knowledge to advance understanding of cryptocurrency and distributed ledger technologies. With Binance Academy, our goal is to provide an entirely neutral platform with quality, unbiased educational information. Users can learn about all things Blockchain, security, and economics, in addition to helpful tutorials and guides, in their preferred languages.

Well, earlier today, Binance Adacemy released a video about XRP — titled “What is XRP Ledger (XRPL)? Explained for beginners” — on his YouTube channel.

Here are a few things this video highlights about XRPL and XRP:

  • XRPL is a decentralized public blockchain designed with the goal of enabling a world where tokenized value is exchanged as quickly as information. XRPL is stable, scalable, fast and energy efficient. It has continuously confirmed transactions since its deployment in 2012 while supporting over 1,500 transactions per second and transaction speeds of three to five seconds.
  • Transactions are cheap. The average transaction cost on XRPL is less than a fraction of a penny.
  • XRPL is kind to our planet. It is the first major blockchain to be certified carbon neutral.
  • The network uses a federated consensus protocol to confirm transactions in which designated independent servers called validators must come to an agreement on the order and outcome of XRP transactions. All verified transactions are processed without a single point of failure because no participant can decide which transactions take priority.
  • The native cryptocurrency of XRP Ledger is XRP, a neutral bridge asset optimized for payments anywhere. With billions of XRP traded daily, XRP functions as a medium of exchange to facilitate cross-border payments quickly, cheaply, and sustainably. It can also be used to transact on XRP Ledger’s decentralized exchange (DEX) or engage with tokenized assets.
  • The main applications of the XRP Ledger are payments. Using the XRP Ledger, assets can be moved around the world, enabling near-instantaneous money transfers for remittances, cash payments, salaries, and other cross-border payments.

https://www.youtube.com/watch?v=uCbQIiMfaMU

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