Ripple CTO Explains Current XRP Ledger Capabilities

user avatar

by Giorgi Kostiuk

2 years ago

Made with AI

  1. Fixed Functions of XRP Ledger
  2. Promise of Improvements
  3. Future Programmability of XRP Ledger


    4. Ripple CTO David Schwartz recently shed light on the current limited capabilities of the XRP Ledger (XRPL).

    Fixed Functions of XRP Ledger

    In a recent interaction on X (formerly Twitter), a user asked about the smart contract capabilities of XRPL. Schwartz responded that XRPL currently does not support native smart contracts, emphasizing its fixed-function nature. 'There are none today. Today, XRPL is a fixed-function ledger,' the Ripple CTO noted.

    Promise of Improvements

    XRP Ledger was initially designed with a focus on speed, efficiency, and low transaction costs, making it particularly suited for payments and currency exchange. However, its design, which prioritizes performance and reliability, resulted in limited programmability, such as executing complex smart contracts. Despite this, features like escrows, NFTs, authorized trust lines, payment channels, and DEX + AMM provide a common set of primitives for various use cases.

    Future Programmability of XRP Ledger

    While XRPL does not currently support native smart contracts, Ripple is exploring ways to enhance the ledger’s functionality in this area. According to a recent announcement, Ripple and the XRP community are committed to introducing advanced programmability, including smart contracts, to the XRP Ledger developer ecosystem by 2025. XRPL's programmability will improve through two key developments: the introduction of native smart contract capabilities on the XRPL mainnet, which is currently in the research phase, and the XRPL EVM Sidechain, expected to go live in the coming months. Existing smart contract standards, such as Hooks from XRPL Labs, will lay an important foundation for enhancing mainnet capabilities.

    Thus, while XRP Ledger already shows significant achievements in transactional services, the near future promises substantial improvements in programmability.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Investigation Reveals Hacker Controls Millions in Altcoins

Investigation reveals that a hacker controls significant holdings in various altcoins, posing a risk of market impact.

user avatarFilippo Romano

ZeroBeta and Lynq Integrate Tokenized Treasury Holdings for Enhanced Institutional Finance

ZeroBeta and Lynq have announced a new integration that connects tokenized Treasury holdings to institutional borrowing and trading, allowing eligible assets to be pledged as collateral while accruing interest.

user avatarEmily Carter

Spiko Announces $238 Billion in Tokenized Investment Fund

Spiko has reported a remarkable $238 billion in its Amundi Overnight Swap Fund (SAFO), emphasizing the rising significance of tokenized investment products in business cash management.

user avatarTomas Novak

Kraken Launches New Funding Route for USDG on Arbitrum One

Kraken has launched a new funding route for Global Dollar (USDG) on Arbitrum One, enhancing the ease of transactions between the exchange and blockchain wallets.

user avatarKaterina Papadopoulou

SAT Japan Introduces Stablecoin Payment Option for Vehicle Exports

SAT Japan has launched a stablecoin payment route through TripleA, enabling cross-border car purchases using USDT and USDC.

user avatarMaya Lundqvist

Ripple and Water.org Enhance Partnership for Efficient Water Financing

Ripple and Water.org are expanding their partnership to leverage payment and stablecoin infrastructure aimed at improving water and sanitation financing.

user avatarLeo van der Veen

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.