The First Code of XRP Ledger Was Written on November 11, 2011

By: coin-turk.com|11/13/2026 12:33:44
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The first line of code for the XRP Ledger was written by David Schwartz on November 11, 2011. This date marks the beginning of the XRP payment-focused blockchain network. In 2011, David Schwartz, along with Jed McCaleb and Arthur Britto, began developing the XRP Ledger. The team aimed to create alternatives in sustainability and payments, inspired by Bitcoin. The network was launched in June 2012, and with Chris Larsen joining in September 2012, NewCoin was established, later renamed OpenCoin, and finally Ripple. The founders of XRPL donated 80 billion XRP, the native asset of the network, to the company. Ripple keeps approximately 55 billion of its XRP in escrow accounts and releases 1 billion XRP each month. The date of November 11 represents a symbolic milestone for the XRP ecosystem. Additionally, spot XRP ETF products in the U.S. are set to begin trading on November 13, 2025. The XRPL version 3.5.0 update is scheduled for release on December 3, 2026, aiming to make the network's operation more stable.

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