Ripple’s XRP Ledger (XRPL) recently achieved a significant milestone, crossing the 83 million ledger mark. This achievement positions XRP for potential upward growth and a bullish market. XRP is a blockchain ecosystem designed for cross-border transfers, smart contracts, and digital currencies.
The milestone was announced by XRPScan, a reputable XRPL chain explorer. On October 5th at 03:52 (UTC), the network reached 83 million ledgers, just two months after hitting the 82 million threshold on August 21st. Since May 27th, the network has added 3 million blocks.
As of now, the XRPL has recorded approximately 83,025,273 blocks, with 25,273 blocks processed after reaching the milestone. About 283,278 transactions have been completed, including 39,716 payments, on the current block. Analysts interpret this growth as a sign of increasing interest in XRPL and ongoing ecosystem development.
The accomplishment becomes even more impressive when compared to Bitcoin, which emerged in 2009. Despite being three years younger than XRPL, Bitcoin has only generated 810,859 blocks. XRPL achieved the same number of blocks just one year after its launch. Although Bitcoin and XRPL share similarities, XRPL surpasses Bitcoin in terms of use cases. XRPL supports cross-border payments, currency channels, multiple tokens, and added support for NFTs to expand its usage potential.
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XRPL developers are determined to expand the platform’s use cases. The introduction of the XLS-30 and XLS-39 amendments demonstrates their commitment. Ripple’s CTO, David Schwartz, expressed gratitude to the XRPL community and RippleXDev engineers for enabling XLS-20 on the XRP Ledger Mainnet. Some NFTs have already been minted, marking a significant milestone for developers and creators to tokenize any asset and build innovative Web3 projects. The new standard introduces native NFTs on the XRP Ledger, allowing representation of unique assets along with efficient, secure operations for token enumeration, transfer, and holding.
To further expand the platform’s capabilities, XRPL recently partnered with GateHub to facilitate the seamless transfer of assets between XRPL and other supported networks like SWIFT, SEPA, and Bitcoin. The CEO of GateHub, Enej Pungerčar, expressed excitement about joining forces with Xumm and enabling customers to easily transfer funds in and out of their XRPL accounts. Any new assets listed by GateHub in the future will also benefit from their On/Off-Ramp, adding value to the XRPL ecosystem.
In conclusion, XRPL’s achievement of crossing the 83 million ledger mark highlights its growth and potential for success. The comparison with Bitcoin’s block count further emphasizes XRPL’s accelerated pace of development and adoption. With expanding use cases and partnerships, XRPL is poised to continue thriving in the cryptocurrency market. It is an exciting time for XRPL and its community as they pave the way for innovative solutions in cross-border transfers, smart contracts, and digital currencies.
