The Ripple CTO David Schwartz recently touted the XRP Ledger’s capabilities in a promotional post directed toward $1.4 trillion asset manager Franklin Templeton.
Read more on: https://thecryptobasic.com/2024/01/18/ripple-cto-promotes-xrp-ledger-to-1-4-trillion-asset-manager/
#XRPledger #XRPL #cryptoleads #CryptoNewsLand #CryptonewswithJack

In recent days, a significant development occurred on the XRPL (XRP Ledger) blockchain. During the transfer of 400 million XRP tokens, a mysterious message was discovered from the custody account of DAI (Digital Asset Management). This event caused confusion and speculation among the XRP community, raising concerns about the security and integrity of the blockchain.

Discovery of the Mysterious Message

During the transfer process of 400 million XRP tokens, a encrypted message was detected from DAI's custody account. The message contained intriguing expressions like "DAI's mouse caught in the mousetrap." This mysterious message caught the attention of the XRP community, and speculations began about the meaning behind the message.

Community Concerns and David Schwartz's Statements

CTO David Schwartz effectively allayed the doubts among XRP enthusiasts concerning the XRPL blockchain's security and integrity by proactively addressing community concerns and providing comprehensive clarifications.

David Schwartz emphasized that XRPL does not discriminate users based on affiliations such as governments or banks. Therefore, anyone can add explanations to their transactions and correct specific records when necessary. He also mentioned the option to clean up unnecessary record space resulting from the expiration of an associated custody with Ripple.

Time-Based Triggers and the "Clean-Up" Option

David Schwartz explained the reasons behind users having the "clean-up" option instead of having time-based triggers in the ledger. He stated that this decision was taken to prevent potential risks of unlimited work and malicious attacks. For example, attackers could create a large number of custodies set to be completed simultaneously, potentially causing problems in the system. Instead, he highlighted the ability of users to solve such issues on their own, thus aiming to preserve the integrity and security of the blockchain.

In Summary

The mysterious message on the XRPL blockchain and CTO David Schwartz's statements have sparked great interest and discussions within the XRP community. The practice of adding explanations to transactions and the "clean-up" option offer a new perspective on the security and operation of the blockchain. The community will likely strive for greater awareness in such matters to prevent similar incidents in the future. With this event, the XRPL blockchain has become an even more closely monitored area. #XRPL #XRP #DavidSchwartz $XRP

XRPL Labs founder Wietse Wind has debunked claims of a potential rug involving Xumm (now Xaman) in an attempt to address a user’s concerns.

Read more on: https://thecryptobasic.com/2024/01/31/xrpl-labs-founder-says-xrp-wallet-cannot-rug/
#XRPMovement #XRPL #Xumm #crypto #CryptoNews🔒📰🚫

Amid growing interest in the XRP Ledger (XRPL), Ripple CTO David Schwartz clarifies validators’ roles on the decentralized network.
Read more on: https://thecryptobasic.com/2023/09/26/ripple-cto-highlights-what-validators-do-for-xrpl/
#XRP #XRPL #crypto #cryptonews #crypto2023

The XRP Ledger (XRPL) is on the verge of welcoming a financial market protocol, as data confirms the ongoing development of a native lending protocol for the blockchain.

Read more on: https://thecryptobasic.com/2024/02/23/xrp-ledger-currently-developing-native-lending-protocol/
#XRPledger #XRPL #Crypto #CryptoNewsUpdate #CryptoNewsFlash

Ripple CTO Schwartz recently shared some insights into the new Clawback feature on the back of a recent disclosure from RippleX developers.
Read more on: https://thecryptobasic.com/2023/10/03/ripple-cto-shares-insights-on-clawback-a-new-xrpl-feature/
#Ripple #XRPL #crypto #crypto2023 #cryptonews