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XRP Ledger Hits 83 Million Milestone, Integrates NFT and Defi Features

EditorVenkatesh Jartarkar
Published 10/05/2023, 09:26 AM
© Reuters.

The XRP Ledger (XRPL), Ripple's smart contract hub, has recently marked a significant milestone by closing its 83 millionth ledger on Thursday. This achievement highlights the rapid progress of the platform in its continuous evolution.

In line with its ongoing development, XRPL has integrated non-fungible token (NFT) features and decentralized finance (DeFi) services. These enhancements have further established XRPL as a crucial platform for XRP holders, offering a wider range of services and capabilities to its users.

As part of their commitment to protocol enhancement, Ripple Labs has proposed a new feature known as Clawback. This feature is supported by Ripple CTO David Schwartz and aligns with the company's balanced ecosystem approach. The introduction of the Clawback feature is expected to contribute to the robustness and flexibility of the XRPL platform.

Looking ahead, XRPL is approaching its 85 millionth ledger milestone. This upcoming achievement, coupled with the potential for enhanced decentralized operations offered by the new features, is expected to bolster XRP's growth prospects in the future. The continual evolution of XRPL reflects Ripple Labs' commitment to innovation and development in the digital asset space.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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