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Ripple CTO Clarifies No Plans for Unilateral XRP Ledger Changes

05.09.2024 20:30 1 min. read Alexander Stefanov
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Ripple CTO Clarifies No Plans for Unilateral XRP Ledger Changes

Ripple’s CTO, David Schwartz, has addressed recent speculation that Ripple might unilaterally alter the XRP Ledger.

Following a blog post about enhancing programmability on the XRPL, concerns emerged about Ripple’s intentions.

Schwartz clarified that Ripple neither has the power nor the intention to make unilateral changes to the XRPL. Instead, the company aims to explore ways to improve programmability on the XRPL Mainnet while continuing work on the Ethereum Virtual Machine (EVM) sidechain.

The blog post was meant to outline Ripple’s focus and invite community feedback, not to present a finalized proposal.

The push for increased programmability comes after discussions with various stakeholders, revealing that overcoming issues like ledger bloat and transaction speed could make it feasible. Schwartz, initially skeptical about integrating smart contracts without altering the XRPL’s core, now sees potential.

The initiative also aligns with upcoming XRP community events in Korea and Japan, providing opportunities for further discussion. Schwartz reassured that the timing and actions are aimed at fostering transparency and engaging with the community.

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.

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