Ripple CTO David Schwartz says XRP is fundamentally different from Bitcoin. Schwartz also explains his plans for future and upcoming updates for XRPL.
The only crypto with regulatory clarity after Bitcoin!
Ripple CTO David Schwartz gave a dynamic keynote at the recent Apex event in Amsterdam. Schwartz took a look at the future of Ripple and XRP Ledger. Right at the beginning of his talk, Schwartz talks about how the foundation of XRP is different compared to Bitcoin.
As you follow from Kriptokoin.com, Ripple won a victory in the legal fight against the SEC. Based on this, Schwartz proudly says that XRP is the only crypto other than Bitcoin with regulatory clarity in the USA. Thanks to the unique aspects of XRP, Schwartz talks about reshaping the digital finance landscape. In his talk, he also outlines several exciting developments to turbocharge the XRP Ledger.
What’s on the horizon for Ripple?
One of the prominent announcements was the introduction of Automated Market Makers (AMMs) to the XRP Ledger. Thanks to their design, AMMs provide liquidity unlike a traditional exchange with order books. Thus, it executes trading strategies smoothly. AMMs aim to improve trading efficiency, capturing smaller price movements. Additionally, it aims to benefit liquidity providers and users.
In addition to AMMs, Schwartz also touched on integrating Decentralized Identity (DID) solutions into the XRP Ledger. DID stores users’ personal information off-chain. In addition, it allows them to manage their identities securely and privately on-chain. The integration of DID is consistent with the broader trend towards self-sovereign identity. Additionally, it adds trust and security to the Ripple ecosystem.
Ripple CTO also highlights the ongoing efforts to improve the performance, scalability and stability of the XRP Ledger. These improvements include reducing memory consumption and optimizing processing throughput. It also includes increasing network usage efficiency. Ripple aims to maintain a healthy, decentralized ecosystem by keeping costs low and constantly improving the robustness of the technology.
Special statements to developers from Ripple CTO
Schwartz also highlights the importance of plugins, a critical development that will make it easier to add new features to the XRP Ledger. By incorporating these features into modular plugins, it is possible for developers to work in a variety of programming languages, simplifying development and encouraging innovation. This change is expected to facilitate the development of sidechains and interoperable solutions.
Ripple CTO also talks about exciting developments such as EVM side-chain and Hooks in his keynote. These developments are bespoke smart contract solutions to extend the capabilities of the XRP Ledger, making it more versatile and adaptable to a variety of use cases. David Schwartz’s keynote at Apex reveals Ripple’s commitment to innovation and improvement in the crypto industry. With all the developments around the corner, it is clear that Ripple will strengthen its position as a leading player in the digital finance space.
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