- RippleX assures no risk to XRP holdings amid rewrite talks
- New amendments boost ledger performance for institutional-level transactions
- Rust rewrite aims to improve speed, not change user experience
The XRP community recently raised concerns following comments from Ripple CTO David Schwartz regarding a potential rewrite of the XRP Ledger’s core server software in Rust. His remarks, made during a public discussion, sparked speculation about how such a change could affect user holdings and the overall integrity of the network.
In response to the increased discussion, a statement was given by RippleX senior software engineer Mayukha Vadari in which the existence of the issue was acknowledged. Vadari stated that no intervener intends to modify on-chain information, user balances, or current capabilities of the system by rewriting the software known as rippled that forms the XRP Ledger.
His new instructions clarified that any rewrite, if pursued, would be a strictly backend initiative to enhance performance and security without affecting the ledger itself or its experience.
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According to Vadari, the concept of using Rust is also under consideration, and there is no definite plan yet. The relocation would aim to increase the software’s efficiency and maintainability without compromising the user’s accessibility to assets.
Simultaneously, Ripple has made additional amendments to increase the ledger’s functionality, especially in capitalization aspects for institutions and enterprises.
All of these developments help to enhance the platform’s potential to support various more complex and large-scale financial activities.
New Ledger Features Target Institutional Efficiency and Asset Control
One of the major updates is the XLS-85 amendment, which enhances the escrow feature to support third-party issued tokens, including stablecoins. With this alteration, multi-purpose tokens are being introduced for institutions to use in customized financial applications.
Also, the XLS-56 amendment suggests the usage of a wrapper transaction to allow the users to combine up to 8 transactions into 1. This functionality will help improve the failure rate, which is very high in the case of complex transaction flows and comes to about 30 percent today.
Improvements are meant to support Ripple’s general efforts to extend XRP Ledger to take on enterprise-quality implementations without compromising the system’s reliability. Although RippleX intends to revise the server’s code, there has been an emphasis that user holdings and the stability of the ledger have not been compromised.
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