New Document Describes Ripple (XRP) As a Global Financial System

Crypto researcher SMQKE (@SMQKEDQG) recently drew attention to XRP’s functional positioning within the distributed ledger ecosystem by sharing an academic visual taxonomy of ledgers. The infographic classifies types of ledgers based on who can access them, who maintains them, and the number of existing copies.

SMQKE specifically pointed to XRP’s classification in this taxonomy, which identifies it as a “permissioned, publicly shared ledger” and labels Ripple as “a global financial transaction system.” Ripple’s position was circled under the branch that represents ledgers, which are shared publicly but maintained by trusted validators.