Breaking Records: XRP Ledger Hits 87 Million Ledgers and Counting

Estimated read time 3 min read
  • XRP Ledger has reached a significant milestone of 87 million closed ledgers, showcasing its enduring presence and influence in the blockchain space.
  • Despite encountering a bug in the recent Automated Market Maker (AMM) amendment, the XRPL community swiftly addressed the issue, with the bug fix set for activation on April 11, reinforcing the platform’s commitment to innovation and resilience.

The XRP Ledger (XRPL) has once again made headlines in the blockchain community by hitting a historic milestone of 87 million ledgers closed. This accomplishment underscores the robustness and enduring significance of the XRP Ledger in the ever-evolving landscape of distributed ledger technology.

Ledgers, in the context of the XRP Ledger, serve as immutable records documenting transactions and account balances. These records are meticulously maintained and validated by a decentralized network of nodes, ensuring transparency and security across the platform.

The attainment of 87 million ledgers signifies a remarkable volume of activity and transactions that have transpired within the XRP Ledger since its inception. As of the latest data, the ledger count stands at an impressive 87,012,561, with over five million accounts registered, collectively holding 60,379,116,279 XRP.

Continued Innovation and Growth

Looking toward the future, the XRP Ledger is primed to sustain its growth trajectory with a series of planned enhancements and upgrades. Notably, the recent introduction of the Automated Market Maker (AMM) amendment, XLS-30, marks a significant milestone in the platform’s evolution.

Also Read: Ripple Rises: Analyst Forecasts Massive XRP Surge, Eyes $5.5 Breakthrough

The AMM feature, aimed at providing on-chain liquidity and facilitating trading activities for DeFi developers and users, experienced a minor setback following its launch due to a bug affecting its functionality. However, the diligent efforts of the XRPL community led to the prompt identification and rectification of the issue. The bug fix has since been incorporated into the latest XRPL software release, Rippled 2.1.1, and is set for activation on April 11 after garnering over 80% consensus.

In addition to its core functionalities, the XRPL has witnessed a surge in Non-Fungible Tokens (NFTs), with over 6.4 million minted to date according to data from Bithomp Explorer. This burgeoning interest in NFTs underscores the versatility and adaptability of the XRP Ledger, as it continues to explore and integrate emerging trends within the blockchain space.

A Trailblazer in Blockchain Technology

The achievement of 87 million ledgers serves as a testament to the resilience and innovation embodied by the XRP Ledger. As it continues to push boundaries and embrace new opportunities, the XRPL remains at the forefront of blockchain technology, paving the way for a decentralized and inclusive financial future.

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