Tag: income

XRP taxation

Understanding XRP and its classificationXRP is classified as a digital asset, and in many jurisdictions, it's treated as property—triggering taxable events when sold, traded, or used, much like stocks or…

XRP staking

Understanding XRP and its consensus mechanismXRP uses a unique consensus protocol, the XRP Ledger Consensus Protocol, enabling ultra-fast, energy-efficient transactions without traditional mining—setting it apart from proof-of-work and proof-of-stake blockchains.Current…

XRP smart contracts

XRP Ledger and smart contract capabilitiesThe XRP Ledger enables lightweight, high-speed transactions and now supports smart contracts through integrated features and scalable sidechains, unlocking powerful decentralized applications without sacrificing performance…