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XRP and XRP Ledger fully explained by Ripple CTO David Schwartz

The change in the behavior of the cryptocurrency market has been the key point of discussion among many luminaries in cryptographic space. Outside the cryptocurrencies that have suffered bear weight, XRP has witnessed a silver coating surpassing Ethereum [ETH] become the second largest cryptocurrency in the charts.

XRP and XRP Ledger were also in the news recently when David Schwartz, Ripple's Chief Technology Officer, replied to a Twitter user, Mr. XRP, who had asked about the merger of the existing XRP Ledger with a ledger hidden away. To this, Schwartz replied:

"It's hard to imagine what such a merger would be like, it should follow the rules of the public ledger, it's a bit strange, I was thinking today just how nice it would be if you could run the XRPL software in a private accounting mode then in a bridge … "

Schwartz then added to his initial point stating:

"… to the public ledger, for example, you might have a resource issued on both master books that is filled by the validators of the private ledger that multisign txns for the public ledger. use to cut taxes and proportions of txn. "

In subsequent tweets, Schwartz reveals that although the idea is good, such a thing has not yet been built. As a follow-up, users asked the Ripple CTO for an unsynchronized increase of the XRPL volume along with the Altnet / Testnet concept. To this the Ripple honcho replied:

"Altnet / Testnet executes the same code as the main network and is used to test the new XRPL code and allow people to test XRPL integrations against a network that works like the real network but has no real money. test / discarded on it. "

This type of test is also common among other cryptocurrency networks, a move aimed at taking note of problems that may arise during the effective execution of the network or a subsequent update. XRPL has underpinned numerous developments including the XRP Toolkit. The Toolkit was created to act as an interface with the Led XRP register. During the startup declaration, he read:

"The XRP register has been built for much more than just sending and receiving XRP, it has elements such as a decentralized exchange, issued currencies and escrow transactions for good reasons.The XRP Toolkit project was started to … unlock more potential of the XRP ledger. "


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