XRP Ledger Shatters Record with 80 Million Ledgers Closed

XRP Ledger Shatters Record with 80 Million Ledgers Closed


The XRP Ledger has closed 80 million ledgers in 10.5 years, demonstrating its efficiency and growing acceptance as a transaction processing technology within the Ripple network, but has faced criticism regarding its level of centralization.

The XRP Ripple (XRP) Ledger’s origins could be traced back to 2012, when Arthur Britto, David Schwartz, and Ryan Fugger 1st developed it. The XRP Ripple (XRP) Ledger has undergone a number of updates and enhancements throughout time to increase its utility and security.

Now, reports by the latest announcements by XRPScan, an XRP Ripple (XRP) Legder explorer and network analysis platform, the XRP Ripple (XRP) Legder has hit a noteworthy milestone.

https://twitter.com/xrpscan/status/1661441862656294921

XRP Ripple (XRP) Ledger Closed 80 Million Ledgers in 10.5 Years

Reports by XRPScan, the XRP Ripple (XRP) Ledger has achieved the milestone of closing 80 Million ledgers over a span of around 10.5 years. In the context of blockchain tech, a ledger signifies a record of transactions within the network. This accomplishment outlines the efficiency, dependability, and growing acceptance of the XRP Ripple (XRP) Ledger as a transaction processing technology within the Ripple network.

READ NOW
XRP TO HIT $5.00 BEING THE ONLY ASSET TO SURPASS ETH MARKET CAP Media Reports

In September 2019, the XRP Ripple (XRP) Ledger achieved a milestone of 50 Million ledgers, and it took slightly over a year to add an extra 10 million. 

This pace of growth outlines the expanding acceptance and utilization of the XRP Ripple (XRP) Ledger, demonstrating the increasing capacity of the Ripple network to handle a whole lot of volume of transactions.

Nevertheless, alongside the understanding for its swiftness and cost-effectiveness, the XRP Ripple (XRP) Ledger has encountered criticism regarding its level of centralization. Although while it is technically a decentralized network, the close association betwixt the XRP Ripple (XRP) Ledger and Ripple Labs, coupled with the substantial amount of XRP Ripple (XRP) held by the company, has led some to argue that the ledger exhibits more centralization compared to other blockchain tech systems.

READ NOW
New Huo Techs 612% Revenue Surge: A Look Into the High-Potential Virtual Asset Trading & Lending Industry

The monumental milestone achievement likewise comes at a time when the ongoing lawsuit betwixt Ripple and the SEC is poised to come to a conclusion soon. With the community anticipating that the SEC will likely lose the battle, it  can potentially be another magnificent victory for Ripple if the lawsuit concludes positively for them.



Source

Read Disclaimer
This page is simply meant to provide information. It does not constitute a direct offer to purchase or sell, a solicitation of an offer to buy or sell, or a suggestion or endorsement of any goods, services, or businesses. Lolacoin.org does not offer accounting, tax, or legal advice. When using or relying on any of the products, services, or content described in this article, neither the firm nor the author is liable, directly or indirectly, for any harm or loss that may result. Read more at Important Disclaimers and at Risk Disclaimers.




Follow us

Latest Crypto News

Share via
Share via
Send this to a friend