- XRP Ledger celebrates its 83 millionth ledger close, marking significant growth over the past 11 years.
- Rapid achievement pace showcases the Ledger’s capabilities, surpassing even the Bitcoin network in block count.
In a recent display of the continual growth of the blockchain sector, XRP Ledger announced the successful closure of its 83 millionth ledger. This latest achievement for the permissionless blockchain, known for its speedy and cost-effective transactions, comes almost 11 years post its debut. The news was prominently brought to attention by XRPScan, a leading XRPL chain explorer, in a tweet made a few moments ago:
— XRPScan (@xrpscan) October 5, 2023
Of particular note is the pace at which the XRP Ledger is closing ledgers. The leap from 82 million to 83 million took a mere six weeks, with the network having processed 3 million blocks since May 27. Following the 83 million landmark, XRPScan data indicates an additional 25,273 blocks within the subsequent 24 hours, making the current block count stand at 83,025,273.
In terms of transaction volume, the current block has witnessed a commendable 283,278 transactions, inclusive of up to 39,716 payments. This surge in activity and interest in the XRPL can be attributed to the ongoing developments within its ecosystem.
XRP Ledger’s Comparative Edge Over Bitcoin
To draw a comparison, while the Bitcoin network, which predates XRPL by three years, currently consists of 810,859 blocks, the XRP Ledger achieved this block count in 2013, just a year post its launch.
What truly distinguishes the XRPL from its contemporaries like Bitcoin is the spectrum of its use cases. The Ledger not only facilitates cross-currency payments, payment channels, and multiple tokens but has also embraced the NFT wave. In October of the preceding year, XRP Ledger incorporated the XLS-20 protocol, marking its foray into NFT functionalities. The subsequent period saw an expansion in the NFT ecosystem on this platform.
The XRPL developer community remains committed to diversifying its offerings. This commitment is evident with the introduction of two significant amendments – XLS-30 and XLS-39. While the XLS-30 aims to introduce a native Automated Market Maker (AMM) to the XRPL, XLS-39 is poised to bring a Clawback feature. Both these amendments are in the governance voting phase. Additionally, the XRPL’s potential TPS has seen a recent enhancement, now standing at 3,400.