The XRP community received crucial clarifications from Mayukha Vadari, a senior software engineer at RippleX, regarding potential changes to the XRP Ledger software.
Mayukha Vadari's Statement on XRP Security
Mayukha Vadari stated that any changes to the server software of the XRP Ledger, if they occur, will not affect user assets or the integrity of data. He emphasized:
> "I’m seeing a lot of FUD around this so PSA: if rippled was rewritten in Rust, or there was a second client in Rust, it wouldn’t do anything to the on-chain data. Nothing would happen to your XRP. Everything about using and building on the XRPL would stay the same, just a change…"
This statement came as a response to Ripple CTO David Schwartz's comments about possibly rewriting the software.
New Features in XRP Ledger Version 2.5.0
RippleX has released XRP Ledger version 2.5.0, which includes significant updates expanding its functionality for institutional and enterprise use cases.
- Bug fixes and new features. - XLS-85 amendment enhancing escrow functions to manage third-party issued tokens, including stablecoins. - XLS-56 amendment allowing up to eight transactions to be bundled into one wrapper, aimed at reducing the high failure rate in complex transaction flows.
Current XRP Market Situation
XRP has seen a 9.5% decline over the past week, coinciding with disappointing U.S. jobs report statistics. Only 73,000 jobs were added in July, aggravating market sentiments.
Adding to the anxiety were unconfirmed rumors about renewed crypto bans in China.
Crypto analyst Ali Martinez noted a sell signal for XRP on the 3-day chart, pointing out $2.40 as the next key support level.
Despite the current challenges and changes in the market, RippleX reaffirms its commitment to transparency and the safety of user assets, which is crucial for the continued growth of trust in the XRP Ledger.
