Ripple Introduces New Features to XRP Ledger to Increase Efficiency

Ripple Introduces New Features to XRP Ledger to Increase Efficiency

Xpring, a subsidiary and commercial arm of Ripple, announced that it has come up with two new versions of the XRP Ledger in a new development that should come as a major boost to Ripple holders.

XRP is now the world’s third-biggest cryptocurrency by market cap, and much of the credit for its success goes to the Fintech company, Ripple Labs, based in San Francisco. The new added features are expected to increase the network’s efficiency, scalability and real-world use cases as well.

The company announced two new versions of the ledger to improve the services it offers to its customers. This is a significant development for both the firm and the XRP ecosystem as well.

The new versions of the XRP Ledger will be subject to significant upgrades. For example, handshaking protocols, better packet building and, among others, a slew of bug fixes will be on offer. The firm will oversee XRP Ledger 1.5.0 deployment on the XRP Ledger Testnet on April 15. That will give developers the chance to thoroughly test out the new version using XRP mirrors.

The Blog Post detailing the new features and services read:

“support for gRPC API, API versioning, UNL propagation via the peer network, new RPC methods, augmented submit method, improved tx methods, improved CLI parsing, improved protocol-level handshaking protocol, improved package building, and various other minor bug fixes and improvements.”

Xpring will upgrade the XRP Ledger on its servers too

The chief executive and founder of Morgan Creek Management, Mark Yusko, has raised questions about the centralized nature of Ripple’s operations. As everyone knows, by nature, cryptocurrencies are supposed to be decentralized but Yusko said in an interview that he is struggling to understand the dynamics between Ripple and XRP.

He went on to add that the reason why XRP is not part of his crypto index is this particular relationship between the two. The Morgan Creek-run Crypto Index Fund is one of the most influential indexes on the crypto-market.

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Abdulhay Mahmoud 414 Articles
Abdulhay Mahmoud is a creative writer with over 15 years of experience in journalism, translation, and investor relations. He has B.A in English and Literature from a reputable University. He recently became a contributor at Cryptolydian.com to fulfill his thirst in reporting digital coins and blockchain-related news, an interest was built over the years.