NewsletterXRPL Hits Important Network Milestone
The XRPL has continued to grow as more users embrace the protocol as their preferred smart contract network. Per a recent update, the XRPL has unveiled a remarkable milestone with the 81 millionth ledger closed in the early hours of today.
The XRPL Growth Strides
Despite being branded as an innovative smart contract protocol, the XRPL appears to have minimal competition in today’s smart contract world. Established about 10.5 years ago, the XRPL enables developers to build applications that address real-world problems with workable and sustainable solutions across the board.
The XRPL provides many unique benefits to developers and users owing to its speed, efficiency, and uptime. While the XRPL gives developers an extra incentive compared to other chains in that it makes deployment of new DApps easy, for users, it charges relatively lower and as such has driven impressive adoption across the board.
Its uniqueness for all of its stakeholders has contributed to its remarkable and speedy growth over the years. The protocol announced it closed the 80 millionth ledger back in May this year and the new record was achieved in a few months proves its growing embrace and relevance.
As a mainstream public blockchain, the XRPL has its foothold in a number of initiatives that are targeted at boosting both the decentralized world and the body of knowledge around the world. In a recent update reported by Coingape, the XRPL clocked 5 years of its integrated research program through the University Blockchain Research Initiative (UBRI).
The program has seen over 50 partner universities launch their own unique blockchain programs to further expand the discovery of the broader Web3.0 world.
XRP as the Bigger Beneficiary
The sustained growth in several aspects of the XRPL has proven to have a corresponding impact on the price of its associated digital currency XRP. Despite being embroiled in a lawsuit that might impact its future in the US, the building of diverse utility frameworks by the XRPL has proven to bolster the overall positive sentiment surrounding the XRP coin.
At the time of writing, XRP is priced at $0.47, up by 0.42% over the past 24 hours.
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Premium Partners
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- Coinbase Ends $2B BVNK Acquisition Talks Amid Stablecoin Race
- Arthur Hayes Buys UNI as CryptoQuant CEO Says Supply Shock ‘Inevitable’ for Uniswap
- Grayscale Launches Options Trading For Solana ETF as SOL Funds Record 10 Consecutive Daily Net Inflows
- Firelight Confirms November Mainnet as Flare TVL Rises and Xaman Introduces Smart Accounts
- Cardano News: Wirex Partners EMURGO To Launch First Ever ADA Card
- Ethereum Price Outlook as Whales and Institutions Boost Holdings — Can ETH Reclaim $4K Before Year-End?
- Can Dogecoin Price Hold Above $0.17 Amid Weekly Surge?
- Chainlink Price Could Crash as 3 Risky Patterns Form Amid Whale Selling
- Cardano Price Could Reclaim $0.7 After Key Stakeholders Add $204M in ADA
- Uniswap Price Soars 21% on Fee Switch and Token Burn Proposal— Eyes $15 Target
- Bitcoin Price Eyes Bulls as Crypto Market Structure Bill Draft Finally Drops
