Blockchain transactions are managed in Ripple Custody with accounts, which work in the same way as any wallet interacting with a blockchain.
Ripple Custody accounts:
- Store coins and other tokens.
- Track transfers of coins and tokens to and from the blockchain and other accounts.
There are several types of accounts available in Ripple Custody:
- Multi-ledger accounts: The standard account type that can perform transactions on all compatible ledgers or a selection of ledgers of your choice.
- Single-ledger accounts: Accounts that perform transactions only on a single ledger.
By default, any accounts you create in Ripple Custody can interact with all compatible blockchain ledgers.
Ripple Custody determines the ledgers that are compatible with the account based on the following factors:
- The key derivation strategy you choose.
- The key derivation capabilities of your key management system (KMS).
For more information, see Key derivation.