As a seasoned analyst with years of experience navigating the intricate world of blockchain technology and digital assets, I must say that the achievement by XRP Ledger (XRPL) of surpassing 93 million ledgers is indeed noteworthy. This milestone underscores the network’s robustness, efficiency, and increasing adoption over the years.
As a researcher delving into the world of digital ledgers, I am thrilled to report that the XRP Ledger (XRPL) has recently hit a remarkable achievement: it has closed over 93 million transactions successfully. This milestone underscores the robustness, efficiency, and growing popularity of the XRPL network over time.
As reported by a widely-used XRP Ledger monitor, the number of transactions on the XRP Ledger has exceeded 93 million and currently stands at 93,009,637.
As an analyst, I find myself reflecting on the XRP Ledger (XRP), which has been steadily operating since its inception in 2012. This innovative platform is designed to facilitate cross-currency and borderless transactions, making it a pioneer in the realm of digital money transfers.
XRP Ledger advancing
With XRPL nearing the 100-million ledger mark, its user base and developers are concentrating their efforts on enhancing its capabilities for handling larger volumes of transactions (scalability), seamless interaction with other blockchain networks (interoperability), and additional key features.
In September, Ripple and the wider XRP community declared their plans to incorporate native smart contract functionality into the XRP Ledger (XRPL) through an upcoming XLS proposal. While the XRPL’s infrastructure resembles that of other programmable settlement networks like Ethereum, Solana, and Cardano, it currently lacks built-in support for smart contracts.
An original lending system is under construction too, enabling users to both lend and borrow various assets such as XRP, wBTC, and wETH. This system will be based on individual asset vaults.
In April, Ripple unveiled intentions to introduce a dollar-backed digital coin, the Ripple USD Stablecoin (RLUSD), on both the XRP Ledger (XRPL) and Ethereum. To achieve this, they would leverage native functions of the XRPL and ERC-20 token standards for Ethereum. On December 17th, the RLUSD was rolled out globally, making its appearance on various cryptocurrency platforms, signifying its first debut.
By the end of Q3, a total of 6.7 million Non-Fungible Tokens (NFTs) had been created using the XLS-20 standard. It’s worth mentioning that over 3.4 million of these NFT creations occurred in Q4, 2023.
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2024-12-25 17:48