Ripple Has Just Proposed A New Strategy That Will Strikingly Advance XRP As We Know It

Ripple Has Just Proposed A New Strategy That Will Strikingly Advance XRP As We Know It
фото показано с : zycrypto.com

2021-6-8 18:07

San Francisco-based fintech firm Ripple has published a proposal to include federated sidechains that will be connected to the XRP Ledger (XRPL). The idea is that each sidechain would operate as its own blockchain thus helping preserve the XRPL’s leanness and efficiency for cross-border payments.

Sidechains Will Enable Implementation Of Smart Contracts Without Compromising Focus On Payments

In a blog post, Ripple CTO David Schwartz indicated that developers that contribute to the XRP network have been incessantly requesting the smart contract feature as a result of the flourishing decentralized finance sector. But for Ripple execs, maintaining the high efficiency of the XRP ledger is key. As such, he has proposed federated sidechains that will allow developers to implement new features while keeping the ledger secure and efficient.

The sidechains will have their own ledger and transactions just like the XRPL. This means that the sidechains will expand the functionality of the XRP ecosystem by providing interoperability for native smart contracts and other important use cases by using the federator software.

David Schwartz noted that Ripple will need to make two small changes to the operation of the XRP mainnet in order to integrate the federator software strategy. Ripple will also be required to add new features to the XRPL server software so as to allow it to operate in a sidechain, although these features will not be enabled on the XRP Ledger itself.

Anyone Can Run Sidechains To The XRPL

Notably, this particular federator software will allow anyone to run a sidechain to the XRP mainnet. It will be connected on one side to the XRPL and to one or more sidechains on the other side. Furthermore, the sidechains can use their own native asset or use XRP. Schwartz also posited that the federator software will allow the movement of XRP and issued tokens from one chain to another. 

As for who is eligible to run the federator software, Schwartz opined that it would only be participants that operate validators on at least one sidechain. He further said that each of the sidechains will have a “trust account” on the XRP Ledger, adding:

“This account can hold assets on the XRPL on behalf of users of the sidechain. The account would use a multisign or threshold key with the signers being the validators of the sidechain. Each sidechain validator operator registers a signing key that signs transactions on XRPL; thus, the validators of the sidechain can collectively create transactions to manage the sidechain’s Mainnet account.”

The Ripple CTO is urging developers and the XRP community to review the federated sidechains strategy and give their feedback. All in all, the proposal promises endless possibilities for the XRP Ledger.

origin »

Ripple (XRP) на Currencies.ru

$ 2.0395 (+0.09%)
Объем 24H $3.205b
Изменеия 24h: -2.72 %, 7d: -6.68 %
Cегодня L: $2.0227 - H: $2.0408
Капитализация $123.046b Rank 4
Цена в час новости $ 0.8592 (137.37%)

ripple xrp xrpl operate sidechain idea each

Источник: zycrypto.com

ripple xrp → Результатов: 126


The "XRP Killer" Prediction: How Digitap ($TAP) is Forecast to Absorb Billions from Ripple's Market Cap

After days of red candles and growing investor fatigue, Ripple (XRP) is losing its grip on the payments crown. Even as Evernorth’s billion-dollar treasury deal made headlines, the Ripple coin price The post The "XRP Killer" Prediction: How Digitap ($TAP) is Forecast to Absorb Billions from Ripple's Market Cap appeared first on AMBCrypto.

2025-10-23 18:00


Ripple’s ISO 20022 Advantage: Analyst Explains the Long Game for XRP Supporters

A new post by fintech commentator Vincent Van Coode has sparked conversation in the XRP and broader crypto community. His take highlights Ripple’s unique positioning within global finance, pointing out that one of Ripple’s biggest challenges – and opportunities – lies in connecting thousands of disparate, legacy systems still used by banks worldwide.

2025-9-7 14:00


Ripple и SEC отозвали апелляции: дело по XRP официально закрыто

Комиссия по ценным бумагам и биржам (SEC) и Ripple Labs прекратили многолетнюю судебную тяжбу, подав совместное заявление об отзыве апелляций по делу о статусе токена XRP. Компании договорились завершить спор, который длился почти пять лет и стал одним из самых значимых регуляторных дел в криптовалютной индустрии.

2025-8-8 08:41


Ripple станет банком XRP, — мнение основателя Bitwise

Недавно CEO Bitwise заявил, что Ripple в течение года может превратиться в XRP treasury company. Проще говоря, компания Ripple станет банком, который владеет огромными запасами XRP и зарабатывает на этом.

2025-7-11 17:19


дальше еще 77 новостей →

Партнеры Currencies.ru



Реклама на Currencies.ru

Самое свежее на Currencies.ru

BlackRock XRP ETF Speculation Hit New Highs As XRPC Performance Shocks Markets

The speculation surrounding a potential BlackRock XRP ETF has surged to new heights. This surge is a direct consequence of the astonishing market debut of the Canary XRPC ETF. Canary XRP ETF’s launch has painted a clear picture of robust institutional and retail demand for a regulated XRP investment product.

Ripple Exec Addresses Tax Issue On XRP Ledger, Where Does It Go?

A debate over the XRP Ledger’s (XRPL) economy model has ignited after Ripple’s Chief Technology Officer (CTO), David Schwartz, directly addressed questions about taxation on the blockchain. Critics have suggested that if XRP holders do not earn from the ecosystem, someone must be collecting a tax.

Why This Pundit Believes XRP Could Become A ‘Joke’ As ETFs Go Live

A recently shared image on X showing the full lineup of pending XRP ETF filings prompted a blunt response from market commentator Robert Ledferd. Instead of offering predictions or excitement, he framed the moment as a straightforward test for the asset, noting that if XRP cannot climb into double-digit territory once this many ETFs are live, the market may end up treating it as a joke.