XRP Ledger (XRPL) Surpasses 87 Million Ledger: Proof of Fast and Secure Transactions!

Bittime - The blockchain world is getting busier, and the XRP Ledger (XRPL) has just made history! The network managed to surpass 87 million ledgers , which are essentially permanent records of transactions and ownership of digital assets on XRPL. 

This figure indicates the massive use of XRPL and its ability to process transactions quickly and securely.

Furthermore, there are currently more than 5 million users (accounts) on XRPL, with total XRP holdings reaching 60.3 billion! This shows the public's high trust in XRPL to store their digital assets.

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Getting to know the XRP Ledger (XRPL)

XRP Ledger (XRPL) is a decentralized public blockchain network. This means that XRPL is open and anyone can contribute to its development. This network offers several advantages, namely:

• Fast Transfer: Transactions on XRPL can occur instantly.
• Cheap Fees: Transaction fees on XRPL are very low.
• Multifunctional: XRPL can not only be used to transfer XRP, but also traditional currencies (fiat) and other digital assets.

Also read: XRP Breakout: Latest XRP (XRP) Price Analysis and Predictions

XRPL itself was created in 2012 by Chris Larsen, co-founder and CEO of Ripple. Initially, XRPL was used to support the Ripple payment network. However, as time went by, XRPL was looked at by other companies such as Coil and Omni for various Web3 innovations.

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XRPL: Continuously Evolving and Innovating

Blockchain technology continues to develop, and XRPL is not left behind. This network has a mature development plan to maintain its leading position. 

With a spirit of innovation, XRPL continues to drive progress in the blockchain world.

XLS-30: New Features for DeFi

Last month, XRPL launched Automated Market Maker (AMM) with the code XLS-30. This built-in feature aims to increase the liquidity of digital assets on the network and make transactions easier for DeFi (decentralized finance) users. This shows XRPL's commitment to supporting DeFi developments.

Also read: What is Automated Market Maker AMM in DeFi?

Indeed, there were a few obstacles at the start. The bug was discovered in AMM shortly after launch. However, the XRPL community quickly addressed this problem. 

An AMM bug fix has been released in version 2.1.1 of the XRPL software, Rippled. The voting process for activating this feature was democratic, with approval from more than 80% of the community.

XRPL and NFTs: Embracing the Latest Trends

The world of NFTs (non-fungible tokens) is all the rage! XRPL doesn't want to be left behind. Data from Bithomp Explorer shows that to date, more than 6.4 million NFTs have been minted on the XRPL network. 

This proves XRPL's ability to adapt to digital asset market trends and needs. XRPL's support for NFTs will certainly attract more interest from new users.

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With its latest achievements and innovations, XRPL is further establishing itself as an important player in the blockchain world. This network offers fast, safe transactions and continues to develop according to the needs of the times.

How to Buy Crypto from Bittime

You can buy and sell crypto assets in an easy and safe way via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti. 

To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. 

Learn Complete Guide How to Buy Crypto on Bittime. 

Monitor price chart movements of Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.

Also read:

Coreum Advances Blockchain Interoperability with XRPL Bridge

XRP Ledger (XRPL) Sidechain Xahau Launches REMIT Amendment on Mainnet: Massive Changes & Payouts

Ripple and Axelar Work on RWA Tokenization Project on the XRP Ledger

XRP Ledger Reaches New Achievement in Inter-Blockchain Connectivity

DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.