XRP Ledger Services report that the total number of ledgers in the decentralized blockchain technology for the XRP Ledger has surpassed 88 million. Exceeding 88 million accounts represents high growth in increasing significance in the industry of blockchain technologies. The number of accounts has now exceeded 5.2 million, and among them, there are more than 60 billion XRP.

At a point in the center of this blooming ecosystem, the use and popularity of XRPL continue to grow. In Q1 2024 alone, on-chain transactions of XRPL increased by 108%, with average costs of transactions decreasing by 45%, in a display of good user engagement and efficiency.

This milestone in numbers means nothing really; the feeling of trust and reliability that users have placed in XRPL is beyond bounds. It operates using a consensus algorithm, updated every few seconds by validators, making sure that recording of transactions is sealed and in agreement at all times. This, therefore, cements its stand and leads in digital finance.

XRP Ledger Services

The following is an excerpt on Bitcoin Pizza Day from “Fiat Ruins Everything” by Jimmy Song. Visit the Bitcoin Magazine Store to order a print, digital or audio copy of the book.

Pizza Day is often viewed with a sense of regret.

The well-known story goes like this: many years ago, Laszlo Hanyecz bought two Papa John’s pizzas, and in return, some fortunate person received 10,000 BTC.236 This tale resembles that of Peter Minuit purchasing Manhattan Island for a mere $24. It’s hard to believe such a transaction took place, considering the current value.

The story has several…

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Bitcoin, Not Blockchain

Bitcoin, not blockchain. This has been a prominent meme throughout the past two epochs, guiding noobs towards a Bitcoin-only way of life, away from the fraudulent “cryptos” promising greater “blockchain tech”. Yet, here we are, more focused than ever on the blockchain. But this time it’s different: The whole world has a laser-eyed focus on the Bitcoin blockchain. The driving force for this attention is a new meta protocol — a protocol that rides on top of the Bitcoin protocol — called Ordinals. Ordinals is a novel…

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Michael Saylor, co-founder of MicroStrategy, expressed his support for the growing consensus on a new regulatory framework for digital assets. In his tweet, he highlighted a growing agreement among different stakeholders on the need for regulations that are ‘sweeping and balanced in their coverage.’ He believes such frameworks would benefit Bitcoin, the broad crypto industry, the United States, and global markets. Saylor said the last would help increase the adoption and stability of proposed regulations in the cryptocurrency sector. The framework is said to be for safeguarding investors while nurturing the greatest innovation and technological advancement. It is seen as a move towards legitimizing crypto assets in the financial systems worldwide. Saylor’s endorsement of the same is one of the loud voices to mainstream acceptance of cryptocurrencies. His positive outlook on the future of digital assets under new regulations teases a bright horizon for investors and other industry traders globally.

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