Ripple CTO Admits Resilience Issues In XRP Blockchain
Ripple CTO David Schwartz admitted that the XRP Ledger (XRPL) distributed ledger has a significant difference from other blockchains, threatening the stability of the entire system.
Ripple proponent Tiffany Hayden announced that a “spam attack almost stopped” the XRP registry. According to Hayden, this could be due to the low “decentralization or resilience” of the Ripple network. She also stated that the XRP blockchain has a single point of failure, which is human factors. Hayden revealed earlier this month that she sold all of her XRP coins, unable to withstand community bullying..
Schwartz did not argue with Hayden. “The current model sacrifices sustainability for safety. This is the opposite of what you can see in most other blockchains, “he wrote..
He also pledged that the sustainability improvements he proposed a few months ago would help remedy the situation..
Earlier today it became known that Spain’s largest financial and credit group Santander will use Ripple’s solution to make payments in Mexico.
Santander has completed a 20-F filing with the US Securities and Exchange Commission (SEC), in which it indicated its intention to launch the One Pay FX payment solution in the Mexican market “in early 2020”.
One Pay FX has been operating since 2018 and uses the RippleNet solution to transfer funds across borders without the use of XRP cryptocurrency. Santander Highlights the Benefits of Transparency, Cost Savings, Speed and Improved User Experience with Ripple Technology.
Last week, XRP investors accused Ripple CEO Brad Garlinghouse of spreading misleading messages about holding cryptocurrency while actively selling it..
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