The XRP Ledger reaches agreement without mining.
It uses its own consensus protocol: a new ledger version is confirmed only when a supermajority of trusted validators, at least 80%, agree.
The result: settlement in seconds. It is one of the reasons Yellow Onchain is built here.
Many crypto people still don't realize that @XRP L is the true OG of tokenization. Built in controls !! It just doesn't use the term "smart contract " which was born from #eth.
@inversebrah XRP works with pre compiles instead of smart contracts, does the same thing for tokenization.
In fact, XRP protocol was the first blockchain with tokenization before smart contracts were even invented.
@JasminLaine@FP_Champagne@PaymentsCanada@Wealthsimple No, e-transfer is much different then real-time settlement. Settlement happens in seconds, where is e-transfer doesnt settle right away and is revocable. This to me says DLT is being used... distributed ledger system.