XRPL Soar to New Historic Heights with 83M Blocks Milestone

• XRPL announces a major milestone after hitting the 83 million ledger mark according to XRPScan.

• Comparatively, Bitcoin has only managed 810,859 blocks despite emerging in 2009. 

Ripple’s XRP Ledger (XRPL), a blockchain ecosystem designed to enable cross-border transfer, smart contracts, and digital currencies has announced a major milestone that could set XRP up for a serious bull run.

According to an update shared by XRPScan, a renowned  XRPL chain explorer, XRP Ledger has officially crossed the 83 million ledger mark. Despite its inception in 2012, this milestone was achieved on Oct. 5 with on-chain data confirming the precise time to be 03:52 (UTC).

It is important to note that the network hit the 82 million threshold on August 21, adding a million blocks in less than two months. Since May 27, 3 million blocks have been added. 

XRPScan data shows that the network has so far recorded about 83,025,273 blocks, and processed 25,273 blocks after this milestone was hit. On the current block, about 283,278 transactions have so far been completed with about 39,716 payments recorded. According to experts, the current growth of the network is an indication of a rising interest in the XRPL. On top of that, it indicates that there is sustained ecosystem development.

The incredible growth of the XRPL is largely appreciated when compared with Bitcoin which emerged in 2009. Despite being three years older than the XRPL, Bitcoin has only 810,859 blocks. It took XRPL just a year after launch to hit the 810,859.

Bitcoin is quite similar to the XRPL, but far behind in terms of robust use cases. It is important to note that the XRPL provides support for several features such as cross-border payments, currency channels, and multiple tokens. To expand its use cases, it has added support for NFTs. 

XRPL Expanding Use Case

According to reports, its developers are serious about expanding these use cases. This is evident in the XLS-30 and XLS-39 amendments introduction. 

The CTO at Ripple David Schwartz said:

Thanks to the collective effort of the #XRPL community and @RippleXDev engineers, XLS-20 is now enabled on the XRP Ledger Mainnet and a few NFTs have already been minted. Tokenization is not new to the XRPL, but this presents a key milestone for developers and creators to tokenize any asset and build innovative Web3 projects with utility. The new standard introduces native NFTs on the XRP Ledger to represent unique assets along with efficient, secure operations to enumerate, transfer, and hold such tokens.

As part of the efforts to expand the use cases, XRPL recently teamed up with GateHub to bring more assets to the blockchain. This was to ensure that there was a smooth transfer of assets between XRPL and other supported networks such as SWIFT, SEPA, Bitcoin, etc.

Enej Pungerčar, CEO of GateHub commented:

We are excited to join forces with Xumm and make it easy for its customers to seamlessly transfer funds in and out of their XRPL account straight from Xumm. Any new asset that GateHub lists in the future will also be supported by our On/Off-Ramp bringing even more value to the XRPL ecosystem in the years to come.

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