Ripple’s Xpring Introduces Smart Features to XRP Ledger
XRP is now the third-biggest cryptocurrency in the world by market cap, and much of the credit for its success goes to the San Francisco-based Fintech company, Ripple Labs. In a new development that should come as a major boost to Ripple holders, the company announced on Monday that it has come up with two new versions of the XRP Ledger. The announcement was made through the Ripple subsidiary, Xpring.
There are going to be significant upgrades in the new versions of the XRP Ledger. For instance, handshaking protocols, better packet building, and a slew of bug fixes, among others, are going to be on offer. The company is going to oversee the deployment of XRP Ledger 1.5.0 on the XRP Ledger Testnet on April 15. That will give developers that chance to test out the new version thoroughly by way of XRP mirrors.
Xpring is also going to upgrade the XRP Ledger on its servers. Xpring is the commercial arm of the Ripple.
Mark Yusko, the Chief Executive Officer and founder of Morgan Creek Management, has raised questions about the centralized nature of Ripple’s operations. As everyone knows, cryptocurrencies, by nature, are supposed to be decentralized, but in an interview, Yusko stated that he struggles to understand the dynamics between Ripple and XRP.
He went on to add that this particular relationship between the two is the reason why XRP is not a part of his crypto index. The Crypto Index Fund, managed by Morgan Creek, is one of the most influential indexes in the crypto market.
There is a possibility of traders experiencing a sell-off in XRP after Ripple unlocked another 1 billion XRP, worth around $230 million from its escrow wallet.
Ripple Draws Criticism for Unlocking of 1 Billion XRP
Ripple’s … Read
Ripple will have to defend itself in a long-running class-action lawsuit over claims it violated securities laws in selling unregistered securities. In the lawsuit, XRP buyers allege that they lost a substantial amount of money on … Read
In 2018, RippleNet has expanded its reach to over 40 countries, on six different continents. In addition to its expansion, Ripple announced that this year it has signed an average of two production customers per week, … Read
Bitcoin is a hot commodity lately. This cryptocurrency is usually at the top of experts’ and users’ lists of recommendations for investments in the digital world. If you’re thinking about using Bitcoin or have already …
On May 11, 2020, Bitcoin successfully executed its third block reward halving. Bitcoin halving events usually occur every four years, and the first and the second events took place in 2012 and 2016, respectively. Since …
Are you interested in purchasing Bitcoin? If so, it’s essential to understand the potential security risks surrounding it. With cybercriminals ramping up their attacks, cryptocurrency will likely be a target. Here’s what you need to …
Theft has been a problem in all of history, but the digital age brings new challenges. While digital currency has several advantages over cash, it comes with some unique risks, like hacking and online fraud. …
If you’re like many, you’ve probably heard a lot about cryptocurrency in the past few years. It grows in popularity every day, and for businesses, it could save them money. When deciding if cryptocurrency will …
Information provided in this correspondence is intended solely for informational purposes and is obtained from sources believed to be reliable. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained on this website is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between any predictions made or suggested and the actual results.
All statements and opinions expressed are the opinions of the author and not of Cryptocurrencynews.com or its officers. The author is wholly responsible for the validity of all statements. Cryptocurrencynews.com was not involved in any aspect of the article preparation. The author was not paid by Market Jar Media Inc for this article. The author did not pay Cryptocurrencynews.com to publish or syndicate this article.
Futures, stocks and options trading involves substantial risk of loss and is not suitable for every investor. The valuation of futures, stocks, and options may fluctuate, and, as a result, clients may lose more than their original investment and possibly their entire investment. Any content on this website should not be relied upon as advice or construed as providing recommendations of any kind. It is your responsibility to confirm and decide which trades to make. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.
Please see our full disclaimer here for additional details before making any investment decisions.