Through the use of blockchain and modern APIs, Ripple enables financial institutions who are part of the network, RippleNet, to send money globally, instantly, reliably and for fractions of a penny. RippleNet is built on top of Ripple’s consensus ledger, XRP Ledger (XRPL).

Ripple is the leading provider of crypto-enabled solutions for businesses. Ripple was founded by Chris Larsen and Jed McCaleb and launched in 2012 (previously OpenCoin).

XRP tokenholders own and govern Ripple's consensus ledger 'XRP Ledger' (XRPL). Ripple's investors include a16z, Pantera Capital, Route 66 Ventures, etc.

github

twitter

website

Blockchains (L1)

XRP Ledger

# XRP Ledger Block time Methodology

## 1. Overview

Block time measures the average time interval between consecutive blocks on the XRP Ledger, expressed in milliseconds. This metric reflects the speed at which the network validates and confirms new ledger versions. Lower block times indicate faster transaction finality and higher network throughput, making this a key indicator of the XRP Ledger's performance characteristics as a payment-focused blockchain.

## 2. Data sources

- **Blockchain data**: Block timestamps and block numbers from the XRP Ledger

## 3. Step-by-step calculation

### Component A: Block interval calculation

- **Purpose**: Calculate the time elapsed between consecutive blocks
- **Logic**: Block timestamps are ordered by block number in ascending sequence. For each block, the previous block's timestamp is retrieved using a lag operation. The time difference between the current block timestamp and the previous block timestamp is calculated in milliseconds. Block number zero is excluded as it represents the genesis block with no preceding block.
- **Key fields**: `block_timestamp` (ledger close time), `block_number` (ledger sequence), `previous_timestamp` (prior ledger close time)

### Component B: Daily aggregation

- **Purpose**: Compute average block time per day
- **Logic**: Block intervals are truncated to UTC day boundaries. The arithmetic mean of all block time intervals within each day is calculated. This produces a single average block time value per day, smoothing out temporary variations in ledger validation speed.

*This methodology was automatically generated by Token Terminal's methodology analyzer.*

avg(block_timestamp - previous_block_timestamp)

XRP LedgerXRP

Block time

Block time

Competitive landscape