The XRPย Rippleย (XRP) Ledgerโs origins couldย be traced back to 2012, when Arthur Britto, David Schwartz, and Ryan Fugger 1st developed it. The XRPย Rippleย (XRP) Ledger has undergone a number of updates and enhancements throughout time to increase its utility and security.
Now, reportsย by the latest announcements by XRPScan, an XRPย Rippleย (XRP) Legder explorer and network analysis platform, the XRPย Rippleย (XRP) Legder has hit a noteworthy milestone.
https://twitter.com/xrpscan/status/1661441862656294921
XRPย Rippleย (XRP) Ledger Closed 80 Million Ledgers in 10.5 Years
Reportsย by XRPScan, the XRPย Rippleย (XRP) Ledger has achieved the milestone of closing 80 Million ledgers over a span of around 10.5 years. In the context of blockchainย tech, a ledger signifies a record of transactions within the network. This accomplishment outlines the efficiency, dependability, and growing acceptance of the XRPย Rippleย (XRP) Ledger as a transaction processing technology within the Ripple network.
In September 2019, the XRPย Rippleย (XRP) Ledger achieved a milestone of 50 Million ledgers, and it took slightly over a year to add anย extra 10 million.ย
This pace of growth outlines the expanding acceptance and utilization of the XRPย Rippleย (XRP) Ledger, demonstrating the increasing capacity of the Ripple network to handle a wholeย lotย of volume of transactions.
Nevertheless, alongside the understanding for its swiftness and cost-effectiveness, the XRPย Rippleย (XRP) Ledger has encountered criticism regarding its level of centralization. Althoughย while it is technically a decentralized network, the close association betwixt the XRPย Rippleย (XRP) Ledger and Ripple Labs, coupled with the substantial amount of XRPย Rippleย (XRP) held by the company, has led some to argue that the ledger exhibits more centralization compared to other blockchainย tech systems.
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, itย canย potentially be another magnificent victory for Ripple if the lawsuit concludes positively for them.
