David Schwartz wrote the first line of XRP Ledger code on November 11, 2011, marking the beginning of the network’s development. He then worked with Jed McCaleb and Arthur Britto, and the platform went live in June 2012 before becoming Ripple in 2013. The founders subsequently donated 80 billion XRP to the company, with roughly 55 billion remaining locked in escrow and 1 billion released each month. The network also marks the first anniversary of the first XRP ETF listed in the United States, Canary Capital’s XRPC fund, which began trading on November 13, 2025. Version 3.5.0 of XRPL, scheduled for December 3, 2026, will include a permanent fix for occasional slow ledger close times.
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