Ripple CTO Reveals Upcoming XRP Ledger Upgrade Will Totally Change The Game

Ripple CTO Reveals Upcoming XRP Ledger Upgrade Will Totally Change The Game
фото показано с : zycrypto.com

2020-11-7 17:30

Ripple has always been at work to keep upgrading its network and supporting various other innovations. The XRP Ledger has been primed as the sole backbone of its network that supports global payments. It’s also the network on which XRP runs.

According to Ripple’s CTO (Chief Technology Officer) David Schwartz, Ripple is working to upgrade the XRPL to plug the gap created by offline or malfunctioning validators. Validators can go offline due to malfunction, hardware maintenance, attacks, connections, or even natural disasters.

Offline validators are ignored in the network operations and are added to the Negative UNL (Negative Unique Node List). The new XRPL upgrade is meant to account for these validators.

“Easier To Say Yes”

When the system chooses a validator, it considers a number of factors including institutional commitment, commitment to the network, jurisdiction, network redundancy, among others. The new upgrade will make sure this criterion is followed to avoid allocating network resources to offline validators. 

In a tweet, David acknowledged the importance of the new Negative UNL feature, saying that it will be a real game-changer for the network. With this upgrade, it will be easier for the other less prominent validators to get slots in the system when the Negative UNL is created since the system will disregard the offline validator and opt to work with the online validators. This way, even the validators running on stand-alone servers of computers will have a chance to contribute to the running of the network. 

Testing Phase

At the moment, the upgrade hasn’t been officially been adopted as it’s still in its testing phase. It is currently running on testnets to ensure it is fully functional before it is deployed as an upgrade to the system. 

According to the Ripple CTO, the new upgrade that accommodates even the smallest validator will be key to fostering further decentralization of the network.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Ripple (XRP) на Currencies.ru

$ 1.1109 (-1.65%)
Объем 24H $6.704b
Изменеия 24h: -1.23 %, 7d: 56.77 %
Cегодня L: $1.0851 - H: $1.1536
Капитализация $63.244b Rank 6
Цена в час новости $ 0.2624 (323.36%)

ripple ledger xrp network innovations supporting primed

ripple ledger → Результатов: 126


Ripple Unveils 2025 As Breakthrough Year For XRP Ledger’s Programmability

Ripple has announced major forthcoming developments in the programmability of the XRP Ledger, targeting early 2025 as a pivotal moment for the platform. According to a blog post by the Ripple Team on September 2, these enhancements will significantly elevate the utility of the ledger through the integration of smart contracts and expanded developer tools, […]

2024-9-3 12:30


Фото:

XSTIK объявил о создании экосистемы на Ripple XRP Ledger

Проект XSTIK объявил о создании экосистемы на Ripple XRP Ledger. XSTIK, который сами его разработчики на официальном сайте называют проектом, объявил о создании экосистемы на Ripple XRP Ledger. Речь идет об NFT, а также собственном токене. Причиной выбора именно Ripple...

2022-1-28 17:40


Фото:

Ripple сотрудничает с XRP Ledger Foundation для спасения окружающей среды нашей планеты

Компания Ripple объединяется с XRP Ledger Foundation и еще двумя организациями для декарбонизации публичных блокчейнов. Ведущая блокчейн-компания Ripple объявила о партнерстве с XRP Ledger Foundation, которая недавно получила гранты на 6,5 млн долларов от Ripple, Coil и Gatehub. Energy Web...

2020-10-1 13:46


Фото:

В Ripple XRP Ledger была добавлена поправка Checks

Поправка Checks получила одобрение большинства валидаторов, и теперь она появилась в Ripple XRP Ledger. Помимо своей скорости, масштабируемости и неизменности, Ripple XRP Ledger известен своей системой поправок.

2020-6-19 13:04


Фото:

Ripple XRP Ledger имеет самый высокий уровень децентрализации

Эксперты btclights. com заявили, что критика Ripple XRP Ledger относительно недостаточной децентрализации является несправедливой. Ripple XRP Ledger имеет самый высокий уровень децентрализации: Детали Ripple XRP Ledger имеет самый высокий уровень децентрализации, по мнению экспертов btclights.

2020-3-18 12:50


The XRP Ledger May Allow Third-Party Asset-Backed Tokens In the Future: Ripple CTO

According to Ripple’s head of tech, David Schwartz, the firm is creating a new feature which will let clients mint new asset backed tokens on its XRP ledger. Ripple released a press statement explaining that its tech engineers are developing exciting fresh features which will lead to the broadening of the ledger’s functionalities which will […]

2020-2-29 22:04


Фото:

Bank of America Patent Displays use of Ripple Ledger

A now publicly available patent from Bank of America (BofA) has revealed a system of real-time settlement that utilizes the Ripple ledger for inter currency transactions, July 20, 2019. Huge Breakthrough for Ripple Bank of America’s patent reveals the exclusive usage of the Ripple ledger to improve efficiency and cost-effectiveness of transactions as well asRead MoreRead More.

2019-7-21 11:51


Фото:

Ripple’s Incubation Arm Invests $500 Million in XRP-Based Projects

Xpring, the incubation and investment arm of Ripple, the distributed ledger technology (DLT) project in charge of the XRP altcoin, has hinted that it has invested $500 million in over 20 startups. Each of the small businesses is using Ripple’s platforms and products to grow the decentralized ecosystem, reports Finance Magnates’ report on July 4,Read MoreRead More.

2019-7-5 21:00


Ripple XRP Ledger Dev Portal представила обновление инструмента WebSocket

#Ripple_News_на_русском #Ripple_XRP_Новости_сегодня Ripple XRP Ledger Dev Portal представила обновленную версию инструмента WebSocket. Это достаточно значимое событие для разработок в плане Ripple XRP Ledger.

2019-6-26 11:29


Something is Wrong With Ripple’s XRP Escrow Reporting

Blockchain analysis and data firm, Coin metrics, has published a report that claims Ripple’s reports on their escrow service for XRP should probably be taken with a pinch of salt. This is because it found a few significant inconsistencies between the actual information found on the XRP ledger and what Ripple reports as the specifics […] The post Something is Wrong With Ripple’s XRP Escrow Reporting appeared first on ZyCrypto.

2019-5-18 08:42


Фото:

Ripple XRP в движении: Маржинальная торговля Binance и XRP Ledger лучше Биткоина

#Ripple_News_на_русском #Ripple_XRP_Новости_сегодня Ripple XRP в движении, показывая отличные результаты по всем параметрам. Успех Ripple XRP отражается в самых разных сферах. Функционал Ripple XRP позволяет применять ее очень широко, что достаточно сильно ценится.

2019-5-2 12:54