The XRP Ledger has reached a monumental milestone - 80 million ledgers closed
80 million ledgers in approximately 10.5 years, according to XRPScan, a prominent blockchain explorer for the XRP Ledger. A ledger, in the context of blockchain technology, refers to a record of transactions that occur within the network.as a technology for processing transactions on the Ripple network.
The XRP Ledger, often abbreviated as XRPL, was launched in December 2012 to enable real-time, cross-border payments. It is an open-source, decentralized blockchain technology that facilitates fast, low-cost international transactions. The XRPL enables anyone to send any currency to anyone else in mere seconds, making it an ideal solution for cross-border transactions.
However, while the XRPL has received praise for its speed and low transaction costs, it has also faced criticism for its degree of centralization. Although technically a decentralized network, the XRP Ledger's close association with Ripple Labs and the large quantity of XRP held by the company has led some to argue that the ledger is more centralized than other blockchain systems.
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