The XRP Ledger (XRPL), a distinguished blockchain underpinning Ripple’s XRP cryptocurrency, has marked a big milestone by efficiently closing 80 million ledgers in roughly 10.5 years
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In a big achievement for the XRP ecosystem, the XRP Ledger has successfully closed 80 million ledgers in roughly 10.5 years, in line with XRPScan, a distinguished blockchain explorer for the XRP Ledger. A ledger, within the context of blockchain expertise, refers to a report of transactions that happen throughout the community.
This milestone represents the velocity, reliability, and growing adoption of the XRP Ledger as a expertise for processing transactions on the Ripple community.
The XRP Ledger, typically abbreviated as XRPL, was launched in December 2012 to allow real-time, cross-border funds. It’s an open-source, decentralized blockchain expertise that facilitates quick, low-cost worldwide transactions. The XRPL permits anybody to ship any forex to anybody else in mere seconds, making it a perfect resolution for cross-border transactions.
Nonetheless, whereas the XRPL has obtained reward for its velocity and low transaction prices, it has additionally confronted criticism for its diploma of centralization. Though technically a decentralized community, the XRP Ledger’s shut affiliation with Ripple Labs and the massive amount of XRP held by the corporate has led some to argue that the ledger is extra centralized than different blockchain methods.
In September 2019, the community reached 50 million ledgers, and it took simply over a 12 months so as to add one other 10 million. This pace highlights the rising acceptance and use of the XRP Ledger, together with the Ripple community’s growing capability to deal with a big quantity of transactions.
The journey of the XRP Ledger hasn’t been with out controversies. The primary week of the XRP Ledger’s existence has reportedly been completely misplaced, a incontrovertible fact that critics of the digital asset, together with Blockstream CEO Adam Again, have steadily highlighted.
Whatever the criticism, reaching this new milestone signifies the persistence and endurance of the XRP Ledger within the dynamic world of blockchain expertise.