Ripple-backed XRPL introduces rippled 2.3.0, enhancing protocol security and stability amid surging adoption and heightened network activity.
The recent XRP price rally, with a 408% rise, has drawn increased attention to the XRPL ecosystem, spurring software upgrades.
Recent updates, including Decentralized Identity features, position XRPL for expanded use cases like the Ripple USD stablecoin, RLUSD.
Ripple Labs has launched a significant software update for the XRP Ledger (XRPL), a prominent layer-1 blockchain protocol. Dubbed rippled 2.3.0, the update is crucial for developers in the ecosystem, as emphasized by Ripple’s Chief Technology Officer, David Schwartz. He highlighted that the upgrade is designed to maintain the security and stability of the XRPL.
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Surging Adoption Boosts Demand for Updates
The XRP Ledger has experienced a surge in activity as the XRP token’s price skyrocketed by 408% over the past month. This unprecedented growth has driven a wave of new users to the protocol, temporarily causing a shutdown in the system. This issue prompted the deployment of a patch on the XRPL mainnet to ensure uninterrupted operations. Brad Chase, Vice President of Engineering at RippleX, confirmed last week that the patch was implemented, urging developers to upgrade their systems promptly.
Ripple CTO Highlights Upgrade Necessity
David Schwartz recently reiterated the importance of adopting the latest version to strengthen the ecosystem amid XRP's remarkable rally. Over the past seven days alone, the token has recorded an 83% price increase, underscoring its growing influence in the crypto market.
This update is part of a series of enhancements XRPL has introduced this quarter. In October, the XRP Ledger launched a Decentralized Identity (DiD) feature, setting the stage for innovative applications. Additionally, XRPL is poised to host the Ripple USD stablecoin (RLUSD), although its official launch date remains undisclosed.
The rippled 2.3.0 update is tailored to bolster the blockchain’s resilience, ensuring seamless operations as the protocol continues to scale. With these developments, XRP Ledger is solidifying its position as a reliable blockchain platform, attracting developers and users alike amid a period of explosive growth in the cryptocurrency sector.
