According to U.Today, Vet, a validator on the XRP Ledger (XRPL), has dismissed speculations about Elon Musk's X social media network testing XRP payments. The rumors were sparked by a transaction labeled 'Musk' recently seen on the network. Vet clarified that no authorization is required from Musk or any other individual to label an account, thus debunking the rumor.
While Musk's social media platform, X, is expected to introduce peer-to-peer payments this year, it remains uncertain whether it will support cryptocurrencies. Dogecoin seems to be the most probable candidate, making the notion of XRP being used for payments on X highly unlikely.
In other news, an amendment is in the works to add Decentralized Identifier (DID) functionality to the ledger. Vet believes this will address the issue of impersonation. The amendment, developed in line with World Wide Web standards and guidelines, will enable users to have a digital identity independent of any centralized authority.
DIDs, being decentralized and cryptographically verifiable, are tamper-evident. Account holders will be able to generate a DID for signing digital documents, making transactions, and logging into websites. The identity of an XRPL user would be verified using a DID document containing cryptographic public keys. Only those in control of private keys can alter the document's content. Users are advised not to upload personal information in these documents.
