The XRP Ledger (XRPL) has achieved a significant milestone, closing its 84 millionth ledger, marking a momentous achievement for the decentralized and permissionless open-source blockchain. The closure of the 84 millionth ledger has been reported by XRPScan, a platform that offers XRP Ledger explorer and network analysis services. As of press time, the XRP ledger count stood at 84,019,694, indicative of the massive growth and significant adoption of the smart contract network.
The closure of the latest ledger signifies the growing adoption of the XRP Ledger and its potential to have a significant impact on the price of XRP. This achievement underscores XRPL’s position as a leader in the blockchain space and amplifies the network’s robust infrastructure and expanding ecosystem.
In addition to the ledger closure, the XRPL ecosystem has witnessed several notable developments, including the introduction of two new XLS specifications. The first, “XLS-49d: Multiple Signer Lists,” enables the support of multiple signer lists per account, while the second, “0051 XLS-51d: NFToken Escrows,” introduces new specifications for NFT escrows. These developments are set to enhance the capabilities of XRPL, extending its support for various use cases and applications.
Moreover, two key features are scheduled for introduction on the XRPL following the support of two amendments, namely “fixReducedOffersV1” and “fixReducedOffersV1” by 80% of validators. Furthermore, the EVM sidechain and XLS 38 bridge have undergone a thorough security audit by Bishop Fox, demonstrating XRPL’s commitment to maintaining a secure and reliable blockchain infrastructure.
Recognized as one of the most efficient projects in the crypto space, XRPL offers developers the ability to build applications that address real-world challenges while delivering unmatched speed, efficiency, and uptime. The XRPL team has also outlined plans for an infrastructure modification that seeks to address common issues and reward contributors, with the XRPL Cluster Software set to be developed from the ground up—without the involvement of third parties.
Wietse Wind, the Founder and CEO of XRPL Labs, has hailed this infrastructure upgrade as a pivotal moment in the pursuit of a healthier, sustainable XRP Ledger, underscoring the team’s dedication to advancing the network.
Looking ahead, XRPL is poised to play a pivotal role in the tokenization of real-world assets (RWA), as indicated by Ripple’s Chief Technology Officer, David Schwartz. The platform’s potential for RWA tokenization has garnered widespread optimism, with plans to go live in the near future. These developments and anticipated innovations are expected to have a tangible impact on the price of XRP, which currently trades at $0.619909, with price predictions indicating a potential average year-end price of $0.929864.
As XRPL continues to drive groundbreaking advancements and reinforce its position as a leader in the blockchain space, the network’s growing adoption and innovation are poised to have far-reaching implications for the XRP ecosystem and the broader crypto market.
