In a significant move for the XRP Ledger community, David Schwartz, the former CTO of Ripple, has announced the shutdown of his personal XRPL hub. This decision is part of a broader initiative to implement a major upgrade to version 30 of the network, which is detailed in the document.
Network Performance Data
Schwartz shared a month’s worth of network performance data before the reboot, highlighting the need for improvements.
Upcoming Upgrade Goals
The upcoming upgrade aims to enhance the network's throughput and reduce latency, which are essential for facilitating enterprise-grade transaction routing.
Impact on XRP Ledger
As the architect of the XRP Ledger, Schwartz's actions are expected to bolster the network's efficiency and reliability, paving the way for increased adoption in the enterprise sector.
In a contrasting development, XRP exchange-traded funds (ETFs) have recorded their first weekly outflow, reflecting a shift in investor sentiment. For more details, see the full report here.
