Servers in the Ethiocoin Ledger communicate to each other using the Ethiocoin Ledger peer protocol.The peer protocol is the main mode of communication between servers in the Ethiocooin Ledger. All information about the behavior, progress, and connectivity of the Ethiocoin Ledger passes through the peer protocol. Examples of peer-to-peer communications include all of the following:

Amendments represent new features or other changes to transaction processing. The amendment system uses the consensus process to approve any changes that affect transaction processing on the Ethiocoin Ledger. Fully-functional, transaction process changes are introduced as amendments; validators then vote on these changes.

There is one production Ethiocoin Ledger peer-to-peer network, and all business that takes place on the XRP Ledger occurs within the production network—the Mainnet. To help members of the Ethiocoin Ledger community interact with Ethiocoin Ledger technology without affecting anything on the Mainnet, there are alternative networks, or altnets.

For reliable performance in production environments, it is recommended to run an Ethiocoin Ledger (rippled) server on bare metal with the following characteristics or better: Operating System: Ubuntu (LTS), Red Hat Enterprise Linux (latest release), or a compatible Linux distribution. CPU: Intel Xeon 3+ GHz processor with 8+ cores and hyperthreading enabled. Disk: SSD / NVMe (10,000 IOPS sustained - not burst or peak - or better). Minimum 50 GB for the database partition. Do not use Amazon Elastic Block Store (AWS EBS) because its latency is too high to sync reliably. RAM: 64 GB. Network: Enterprise data center network with a gigabit network interface on the host. For a validator in AWS, consider z1d.2xlarge with an extra 1 TB disk for logging and core dump storage.

A major factor when choosing a wallet is if you want a custodial or non-custodial wallet. A custodial wallet means a third party holds your funds, typically on an account they manage on the Ethiocoin Ledger. A custodial wallet can be thought of like a bank, where you're trusting another entity to keep your money secure. Many centralized exchanges offer custodial wallets, so when you create an account with them and use their app, you don't technically have an account on the ledger.

A cryptocurrency is a digital or virtual currency that is secured by cryptography and tracked using a blockchain. The security and integrity of cryptocurrency makes it nearly impossible to counterfeit or double-spend.

The Ethiocoin provides an efficient and borderless solution to handling payments. Unlike traditional payment methods, you don't need a financial institution to hold your assets and transfer value. If you have access to the internet, you can make direct payments on the Ethiocoin Ledger as easily as handing someone cash. Whether between friends, or a buyer and merchant, the Ethiocoin Ledger enables you to handle direct (peer-to-peer) payments quickly and with low network fees.