Discussions on a potential rewrite of the XRP Ledger software have raised concerns among its community. RippleX has commented on the situation.
Concerns from the XRP Community
The XRP community expressed concerns following comments from Ripple CTO David Schwartz regarding a potential rewrite of the Ledger server software in Rust. These remarks sparked speculation about how such a change could impact user assets and the overall integrity of the network.
New Features for Institutional Efficiency
One of the major updates is the XLS-85 amendment, which enhances the escrow feature to support third-party issued tokens. This change introduces multi-purpose tokens for institutions to use in customized financial applications. Additionally, the XLS-56 amendment suggests using a wrapper transaction, allowing users to combine up to 8 transactions into one. This functionality aims to improve the failure rate, which is currently around 30%.
System Performance Improvements
Ripple is taking additional steps to enhance the Ledger's functionality, particularly in terms of capitalization for institutions and enterprises. The updates aim to expand XRP Ledger's capabilities to support more complex and large-scale financial activities while emphasizing that the planned server code rewrite will not compromise the stability of the Ledger or user assets.
Overall, RippleX reassures that the planned changes to the Ledger software are designed to enhance its performance without impacting user holdings and system stability.
