XRP Ledger Hits New Historic Milestone, Crosses 83 Million Blocks

The XRP Ledger (XRPL) has reached new heights amid persistent developments, recently crossing the 83 million ledger mark as its latest milestone.

The XRPL’s recent achievement comes 11 years after its inception, demonstrating the rapid growth and development of the permissionless blockchain, which offers low-cost and fast transactions for various use cases.

XRPScan, one of the most prominent XRPL chain explorers, first highlighted the feat. In a recent post on X, the team behind the explorer confirmed that the XRPL hit this milestone on Oct. 5. On-chain data confirms that the ledger close occurred at precisely 03:52 (UTC).

XRP Ledger successfully closed 83 millionth ledger a few moments ago: https://t.co/USQVIHBcmY https://t.co/HwDv3m2nHb pic.twitter.com/wuwTZBMtGx

— XRPScan (@xrpscan) October 5, 2023

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Notably, the 83 millionth ledger close occurred a few weeks after the network hit the 82 million threshold on Aug. 21. This indicates that the XRP Ledger processed a whopping 1 million blocks within six weeks and 3 million blocks since May 27.

Data from XRPScan further reveals that the network now boasts 83,025,273 blocks, having processed an additional 25,273 blocks a mere 24 hours after it crossed the 83 million milestone. 

Moreover, XRPScan data shows that the network has completed 283,278 transactions on the current block, with up to 39,716 payments. This remarkable growth rate can be attributed to a surging interest in the XRPL amid sustained ecosystem developments.

To put the XRPL’s latest achievement in context, the Bitcoin network, which began three years before the XRPL, currently has only 810,859 blocks. Interestingly, the XRP Ledger hit 810,859 blocks in 2013, just a year after it launched.

Robust Use Cases

The significant difference between Bitcoin and the XRPL is mainly due to the Ledger’s robust use cases. Notably, the XRPL also supports various features such as coss-currency payments, payment channels, and multiple tokens.

In addition to its core functionality, the XRPL has expanded to support other use cases, including NFTs. Last October, the XRPL implemented the XLS-20 protocol, introducing NFT functionalities to the network. The NFT ecosystem on the Ledger has continued to expand since then.

Furthermore, the XRPL developer community remains steadfast in expanding these use cases. The introduction of two crucial amendments, the XLS-30 and XLS-39, is a testament to this. 

Notably, the XLS-30 amendment seeks to bring a native Automated Market Maker (AMM) to the XRPL, while XLS-39 will introduce a Clawback feature. Both amendments are currently undergoing governance voting. Meanwhile, the XRPL’s theoretical TPS was also recently boosted to 3,400.

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• Source: https://thecryptobasic.com/2023/10/08/xrp-ledger-hits-new-historic-milestone-crosses-83-million-blocks/?utm_source=rss&utm_medium=rss&utm_campaign=xrp-ledger-hits-new-historic-milestone-crosses-83-million-blocks