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$XRP Ledger Surpasses Ledger Achievement of 79 Million, Powered by Increased Adoption

As its use expands, $XRP Ledger, a decentralized open source blockchain network built for fast and efficient cross-border transactions, recently surpassed the ledger milestone of 79 million.

The feat was highlighted in a tweet by XRP Scan, a renowned XRP Ledger blockchain researcher, who noted that the blockchain will soon reach its 80 millionth ledger. The ledger on the network represents a digital log of network transactions. It contains information about the current state of the ledger, transaction history, and other important data.

Each XRPL ledger has a different sequence number and is refreshed every few seconds to reflect the latest network transactions. The XRP ledger is backed by its native digital asset, XRP, which serves as a bridge currency for worldwide payments.

The XRP Ledger includes a built-in decentralized exchange that allows users to trade any asset issued on the platform, as well as a consensus method that is more energy efficient and faster than the Proof-of-Work techniques used by blockchains such as Bitcoin and Litecoin.

It intends to create a federated sidechain, which is a parallel ledger that can interact with the main ledger and enable the development of additional applications and features without impacting the fundamental functionality of XRPL.

The network’s popularity has grown over time, with a recent Messari study highlighting that it now has around 5 million accounts. Even after the Securities and Exchange Commission (SEC) charged Ripple and two of its executives with “raising more than $1.3 billion through offering unregistered digital asset securities,” the network has grown.

Ripple’s Chief Legal Officer Stuart Alderoty indicated last month that the latest ruling in the lawsuit makes him feel more confident about Ripple’s chances of winning.

Meanwhile, major cryptocurrency trading site Uphold has reaffirmed its support for XRP in response to a trend on microblogging network Twitter where users are repeatedly asking trading companies to re-register XRP.

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