Ripple CTO Teases Major Updates: Robustness or Safety?
Tiffany Hayden has been well-known for being a passionate endorser of Ripple. But recently she sold all her XRP assets, just like Charlie Lee did with his Litecoin (LTC). Today her tirade on the disadvantages of XRPL led to an unexpected announcement from Ripple CTO, David Schwartz.
No infrastructure, no public interest, no attack-resistance
A few hours ago, Mrs. Hayden reported that XRPL transactions have ‘almost halted’. According to her, such congestion may be caused by the not ‘decentralized or sustainable’ nature of its network performance. Also, she outlined that the whole network has one point of failure badly affected by a human factor.
XRPL almost halted. It came close enough that it seems disingenuous to brag about it never halting, especially when it was held up by just a few superheroes who went without sleep for like a week. Not a decentralized or sustainable activity.
— Tiffany Hayden? (@haydentiff) March 29, 2020
Moreover, in the discussion with her followers, she admitted that XRPL has no infrastructure and ‘business would be horrified’ if it looked at the real situation.
Alex DovbnyaAlso, interest in the XRP token is vanishingly, according to her statement. It is not that the token wasn't designed for public use,
It’s just that the public doesn’t want to use it
Disease to be cured
Shortly after Mrs. Hayden’s claims, Ripple CTO David Schwartz admitted that the actual design of the network has some robustness issues, which is unusual for the vast majority of blockchains. But he has a plan to redevelop it and already made suggestions ‘a few months ago’.
The robustness improvement changes I suggested a few months ago will increase the safety mergin significantly. This is about the XRPL's ability to resist halting. The current design trades off robustness for safety, the reverse of what most blockchains do.
— David Schwartz (@JoelKatz) March 30, 2020
As previously reported by U.Today, Mr. Schwartz announced that core consensus improvements and new features, such as the ability to issue stablecoins and any asset 'pegged to some external value’ will be implemented into the XRP Ledger.
Arman Shirinyan
Alex Dovbnya
Dan Burgin