XRPL Records 80M Closed Ledgers, Marking Decade of Blockchain Success

In a significant milestone for the XRP Ledger (XRPL), the renowned blockchain network has recently closed its 80 millionth ledger, signifying a remarkable decade-long journey of growth and success.

The XRPL explorer and network Analysis platform, XRPScan, took to Twitter on Wednesday to announce the landmark victory for the XRP blockchain. The achievement highlights the enduring strength and reliability of the XRP Ledger and the continuous contributions made by its dedicated network participants.

Notably, each ledger represents a block of transactions successfully validated and recorded on the blockchain. The achievement underscores the remarkable number of times the XRP Ledger has processed and added new blocks, solidifying its position as a reliable and efficient network.

Since its inception approximately 10.5 years ago, the XRP Ledger has established itself as a prominent decentralized blockchain platform, revolutionizing digital transactions by offering users fast and cost-effective transactions using XRP tokens. Recently, Ripple’s CTO, David Schwartz, underlined the significance of the XRPL in relation to central bank digital currencies (CBDC), tweeting:

The CBDC Platform reaffirms the significance of the XRP Ledger as it’s built with the same core ledger technology. It has the ability to interact with XRPL and use XRP as a bridge currency for cross-currency and cross-border payments.

Additionally, Ripple, the company that created the XRPL, was recently awarded the Best Sustainability Initiative in Digital Currency and Digital Currency Leader of the Year at a digital currency conference.

Comments

Post a Comment

Popular posts from this blog

Aave community proposes suspending Fantom-based integration

Image
The past month has seen a series of hacks in the crypto sector. The latest hack was on hardware wallets, where 15,000 Solana wallets were affected, resulting in a loss of around $4.6 million. Aave proposal removes Fantom integration One of the most persistent hacks in the crypto space is on DeFi bridges. Bridges are an essential infrastructure that allows users to transfer funds between blockchains. For example, the native assets on one network like Avalanche can exist on another like Harmony without needing a bridge. Given this large amount of money stolen from these blockchain bridges, one DeFi protocol is taking steps to lower the risks from the sector. A recent proposal on the Aave protocol suggested that the community suspends all Fantom-based integration. Buy Aave Now Your capital is at risk. The proposal from the Aave community says that halting Fantom integration would protect users by suspending the ability to deposit and borrow assets through the Aave V3 market
Read more

Nima Capital goes dark after dumping 9M SYN tokens, community calls it VC rug

The VC firm had received a grant from the project in return for locking $40 million worth of liquidity in SYN. The price of the native token of the decentralized finance (DeFi) cross-chain bridge Synapse (SYN) plummeted on Sept. 5 after an unknown liquidity provider on the platform dumped nearly 9 million SYN token s and pulled all stablecoin liquidity from the bridge. The official X account for Synapse acknowledged the liquidity rug by an “unknown liquidity provider,” while clarifying that the Synapse bridge didn’t face any security breach. A Synapse liquidity provider sold their SYN token s and removed liquidity today. We're investigating unusual activity on their wallets and are working to get in touch with them. Will update once there is more info. There was no security breach of the protocol or bridge. 4 — Synapse Labs (@SynapseProtocol) September 5, 2023 The unknown liquidity provider in question was traced to Nima Capital, one of the long-term capital partners of the pro
Read more

Astar launches NFT campaign to celebrate mainnet launch

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Astar Network, a Polkadot parachain, has announced an NFT campaign to celebrate the mainnet release of Astar zkEVM, an Ethereum layer-2 chain powered by Polygon technology. Astar’s NFT campaign The Astar Network’s NFT campaign, scheduled for Q1 2024, aims to celebrate the launch of the Astar zkEVM mainnet, which was built utilizing the Polygon Chain Development Kit (CDK). The campaign draws inspiration from Astar Network’s Japanese roots by using the popular Japanese capsule machines and mechanisms to award random prizes. You might also like: Astar Network launches zKatana layer-2 scaling solution on public testnet To participate in this campaign , users are encouraged to explore the projects available on Astar zkEVM. The platform offers on-chain and off-chain quests, which users can complete to earn rewards. These rewa
Read more