David Schwartz, Chief Technology Officer of Ripple, has announced his return to a more hands-on role in supporting the XRP Ledger. He plans to develop a new server to improve the network's performance.
A Fresh Commitment to the Network
Schwartz outlined his goal, which he sees as essential for the network: creating a reliable central hub. He announced plans to deploy a server in a New York data center, using Ubuntu and advanced hardware including a powerful AMD processor.
XRPL Activity Reaches New Highs
The XRP Ledger is showing increased activity, with recent data revealing a rise in transactions to 70 million over the month. This indicates growing interest from both users and institutions.
Stablecoins Drive Institutional Interest
The surge in transactions is linked to the rise in the use of stablecoins like BBRL and RLUSD, attracting the attention of financial institutions to XRPL as a serious platform for tokenized assets.
David Schwartz's renewed involvement and his new plans for enhancing XRPL highlight the active development of the network and growing interest from financial institutions.
