Ripple’s XRP Celebrates Major Milestone Despite Pervasive FUD

Libra Coin News
Fri, 09/13/2019 - 19:40
Alex Dovbnya
The XRP Ledger has recorded its 50-millionth ledger, according to Ripple’s software engineer Nik Bougalis
Cover image via www.123rf.com

The XRP Ledger, which underpins cross-border payment juggernaut Ripple, has closed its 50-millionth ledger, which marks a major milestone for the third-biggest cryptocurrency.

The news was brought to light by Nik Bougalis, the software engineer who spearheads the company’s C++ team.

Related
Brad Garlinghouse Denies Ripple Can Control the Price of XRP

As reported by U.Today, Ripple CEO Brad Garlinghouse highlighted the transaction speed of XRP, which makes it scalable enough to serve as a means of payment. It can “consistently handle” 1,500 transactions per second.

However, given that a large amount of is the XRP supply controlled by Ripple bosses, it raises significant centralization concerns.

About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.