Advertisement
AD

Main navigation

Ripple CTO David Schwartz Talks About New Changes for XRP Ledger

Advertisement
Fri, 28/02/2020 - 5:59
Ripple CTO David Schwartz Talks About New Changes for XRP Ledger
Cover image via www.youtube.com
Read U.TODAY on
Google News
Contents
Advertisement

During the 19th 'Ripple Drop' episode, David Schwartz, the CTO of blockchain company Ripple, has touched upon numerous improvements to the XRP Ledger. 

Related
Ripple's Partner SBI Remit Announces Tie-Up with Major Japanese Bank

New features 

Schwartz, who has been working on at Ripple Labs for over nine years, says that the XRP Ledger has drastically changed over this period of time. 

From the get-go, they only used the ledger to allow performing transactions almost instantaneously. Then, they moved to other use cases (e.g., a decentralized exchange). 

"We put all that together in a functioning system probably in mid-2012." 

Speaking of new amendments, he mentioned that they fall into such categories as core consensus improvements and new features such as the ability to issue stablecoins and any assets 'pegged to some external value.'   

Related
Ripple Faces Major Legal Defeat That Spells Trouble for XRP

Slow evolution 

Schwartz noted that it wasn't as easy as they had initially thought to implement new features. For example, Oracle can simply update its software. However, this is not the case with decentralized networks that require everyone to comply with new rules.   

"If the rules change, people have to run software with new rules."   

This essentially explains why Bitcoin or XRPL are not quick to adopt significant changes. 

Advertisement
TopCryptoNewsinYourMailbox
TopCryptoNewsinYourMailbox
Advertisement

Latest Press Releases

Fidelity Surpasses BlackRock and Other ETFs by Daily Bitcoin Inflows Today
Nvidia Surpasses Entire Crypto Market as AI Hype Picks Up Steam
Cardano Praised by Dan Gambardello As Strong Chain While Avalanche Hit By Outage
Shiba Budz (BUDZ) Novel Meme Coin Pre-Sale Gaining Steam in Late February as Majors Dogecoin (DOGE), Shiba Inu (SHIB) Remain in Tops
Ripple Cofounder Celebrates Major Stellar Success, Polkadot Secures Spot on Coinbase Futures, Shiba Inu Burn Rate Surges 8,511%: Crypto News Digest by U.Today
Ethereum Dencun Upgrade Date Confirmed by Devs
Millions of XRP Shifted by Whales as Price Hits Key Support
Binance Web3 Wallet Announces Massive Crypto Giveaway to Celebrate ERC-404 Integration
Legendary Trader John Bollinger Issues Bullish Wake-Up Call as Bitcoin Price Turns Red
Spot Bitcoin ETFs Break Record With $50 Billion Trading Volume
Ethereum (ETH) Price Prediction for February 23
Solana (SOL) Price Prediction for February 23
BlockDAG Network (BDAG) Pre-Sale Might be Gaining Steam in February since Retik Finance (RETIK), and eTuk Tuk (ETUKTUK) Communities Show Interest
Shiba Inu Developer Excites SHIB Community With Tweet, What It Pertains To
SHIB Army Receives Crucial Warning From Shiba Inu Team
MetaClip (MCLP) Cryptocurrency Sale Campaign Invites Investors as XRP Price Growing
DeeStream (DST) Asset Release Campaign On-Boards Investors as Blur (BLUR), Cosmos (ATOM) Keep Surging
XRP Makes Crucial Price Move, But Massive Roadblock Is Ahead
DeeStream (DST) Crypto Coin Sale Campaign Might be in Spotlight since Shiba Inu (SHIB), Polkadot (DOT) Supporters Waiting for Upgrades
Cardano Founder Hails Elon Musk's X for Crushing ECB's Bitcoin Diss
Our social media
There's a lot to see there, too

Popular articles