XRPL MUSEUM

Beginner guide

What is the XRP Ledger?

The XRP Ledger (XRPL) is a public, decentralized blockchain whose native asset is XRP. It has a built-in decentralized exchange, issued tokens, NFTs and an automated market maker. Source: https://xrpl.org/about/

Wallets

You need a wallet to hold XRP and tokens, for example Xaman (https://xaman.app), Crossmark, GemWallet or a Ledger hardware wallet. See the wallets category. A new account must be funded with the base reserve to exist.

Reserves

Every account holds a base reserve, and each object it owns (such as a trustline or offer) adds an owner reserve. Current values are 1 XRP base and 0.2 XRP per object, but validators can vote to change them. Check the source: https://xrpl.org/docs/concepts/accounts/reserves

Trustlines

To hold an issued token, you create a trustline to the issuer address for that currency code. Source: https://xrpl.org/docs/concepts/tokens/fungible-tokens

How to add a trustline safely

1. Get the issuer address from the project’s official website or X account, not from DMs or replies.
2. Compare it with the issuer shown on our project page and on an explorer (XRPScan or Bithomp).
3. Use a wallet you trust and read the transaction before you sign it.
4. Remember that a trustline locks the owner reserve until you remove it, and you can only remove it once your balance is zero.

Scam and safety tips

• Never share your secret key or family seed. No legitimate project, support agent or “airdrop” will ask for it.
• Many tokens share a ticker. Always check the issuer address, not just the name.
• Be careful with unsolicited airdrops, sign requests and “validation” sites.
• Anyone can issue a token; check whether a project's TOML lists its issuer address (shown as “two-way linked”). Linked info is self-described by the issuer, not confirmed.

More: https://xrpl.org/docs/concepts/accounts/account-structure