XRPL is facing an “instability” issue, as highlighted by crypto market participants.
XPMarkets founder claims that the issue arises from the lack of incentives on XRPL.
David Schwartz said that the stability issue has nothing to do with incentives.
Unlike most blockchain networks, the XRP Ledger (XRPL), created by Ripple, offers no incentives to its developers and community members, similar to Bitcoin. However, recent posts on X have raised concerns about XRPL’s stability and the need for incentives.
Crypto enthusiast J. Scott Branson stated that XRPL is unstable, adding that he “cannot encourage anyone to store assets on the Ledger.” He suggested moving XRP tokens to a trusted exchange.
I always encouraged people to trust L1 networks, like the XRPL, over exchanges.
Given the instability of the XRP Ledger, I can not in good faith encourage anyone to store assets on the Ledger, as they may become inaccessible.
Consider moving your XRP to a trusted exchange.
— Dr. J. Scott Branson (@JScottBranson) January 5, 2025
Entrepreneur Zach Rector called out Branson’s comments, suggesting that users should stop sending transactions to XRPL and let validators add…
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