XRP Ledger Upgrade: Improving Infrastructure for the Future
The XRP Ledger crypto wallet, Xumm, has announced its plans to launch an “Infrastructure Overhaul” for the network. This upgrade aims to address key issues related to flexibility and performance that are currently impacting the ledger’s capabilities. Xumm believes that the network struggles with processing transactions and fetching historical data, which could hinder its ability to onboard new users and use cases.
The infrastructure upgrade will enhance local node connections, improve scalability, and ensure access to real-time data. It will also allow entities operating on the ledger to filter out transactions, reduce network fees, and avoid scam accounts. The upgrade will be donated via software to the XRPL Foundation.
According to Wietse Wind, founder and CEO of XRPL Labs, this upgrade is the most significant one since the inception of the XRPL infrastructure.
New Rewards System: Airbnb for XRPL Infrastructure
In addition to improving the infrastructure, Xumm plans to introduce a new monetization strategy that rewards node operators. By rebuilding the XRPL Cluster Software, Xumm aims to encourage users to rely less on third parties. This shift will put more financial pressure on major platforms rather than small individuals operating on the ledger.
Users who contribute resources by plugging in their node to the cluster will earn a share of the billing from larger consumers. Xumm likens this system to an “Airbnb for XRPL infrastructure.”
Better Stability and Real-Time Transaction Processing
The benefits of this infrastructure update include better stability, guaranteed real-time transaction processing, and connection consistency across the ecosystem. These improvements aim to create a flexible and scalable platform that matches supply and demand dynamically while keeping public infrastructure affordable.
Hot Take: Xumm’s Infrastructure Overhaul Sets the Stage for a Sustainable XRPL
Xumm’s “Infrastructure Overhaul” for the XRP Ledger is a strategic move that aims to reshape the network’s foundation. By addressing key issues related to flexibility and performance, this upgrade ensures a sustainable, efficient, and inclusive future for all participants. With enhanced local node connections, improved scalability, and real-time data access, the XRPL will be better equipped to handle transactions and onboard new users. Additionally, the introduction of a new monetization strategy rewards node operators and reduces reliance on third parties. This monumental upgrade marks a pivotal moment in the pursuit of a healthier XRPL infrastructure.
By
By