XRP Ledger (XRPL), the decentralized network that powers the XRP cryptocurrency, started 2024 with a bang, achieving several key milestones that showcase its innovation, adoption, and potential.
XRP Ledger (XRPL), the decentralized network that powers the XRP cryptocurrency, started 2024 with a bang, achieving several key milestones that showcase its innovation, adoption, and potential.
Some of the key milestones that XRPL has revealed in the early days of 2024 are:
Closing its 85 millionth ledger: XRPL successfully closed its 85 millionth ledger, marking a significant achievement for the longevity and reliability of the network. According XRPL ServicesThe current ledger index is 85,072,561.
The ledger is the core data structure of XRPL that records the state of the network and its transactions.
XRP Ledger is updated every three to five seconds by network validators, who use a consensus algorithm to agree on the validity of transactions. XRPL has been in operation since 2012 and has never had a shutdown.
XRPL Association: rippleXThe XRP Ledger support and development team announced in a new tweet that Liminal, a regulated, audited and licensed wallet and custody infrastructure platform for Web3 native institutions, now supports projects built on XRP Ledger.
Liminal’s partnership with XRPL represents a big step forward in supporting XRPL-based initiatives with wallet and custody infrastructure. Liminal’s wallet infrastructure now integrates multi-signature and MPC wallets, as well as hot and cold wallets, into XRP Ledger.
XRP Ledger provides a solid framework for developing use cases focused on custody and tokenization. As a result of the integration, institutions built on XRPL will have access to the Liminal storage environment. Similarly, XRPL projects can gain access to Liminal using Wallet Connect or DeFi APIs.
This allows projects to strengthen their foundations with top-notch wallet infrastructure and custody solutions designed for Liminal’s XRPL development.