- Leading XRP Ledger developer (XRPL) has voiced concerns over Ripple’s selection of funding which may risk the future development and innovation of this project.
- XRPL drives XRP’s price, its mass adoption, as well as the overall growth of Ripple.
The XRP Ledger, or XRPL for short, has received a great deal of attention over the past few months. This is driving both adoption and innovation in this network. The network’s performance has not been up to par with its competitors, according to some enthusiasts and developers. Bob Ras, CoreNest Capital Partner and co-founder of Coreum, and Sologenic has expressed some of his concerns about the X Platform and asked the Ripple Team to provide solutions.
In his first post, the developer revealed that the XRPL DEX was barely used before Sologenic launched. The team’s work on XRPL brought the XRPL to the forefront, allowing other projects to realize that they can build using the XRPL despite the limitations. He also reveals the regulatory pressures due to ongoing litigation, as well as the lack of confidence in the XRPL eco-system.
Coreum is launched by the developer. The developer discusses the launch of Coreum. highlightedCoreum’s integration of Ripple’s XRP via the XRPL Bridge is a standard in blockchain innovation and compliance. The XRPL Bridge provides enhanced access for DeFi features as well as cross-chain swaps.
The developer also notes that RippleX and Ripple has been undermining certain of the existing technologies. work The developers. Ripple, in particular, hasn’t supported every project built on its network. Developer accuses company of only supporting certain projects “ex-employees (e.g., $100 million to Coil) or funded partners (e.g., Axelar).”
7/10 Let’s admit it: XRPL does have limitations. Ripple’s XRP is a major part of their supply. It would be in Ripple’s best interests to fund ALL projects that build use cases for XRPL. This includes those from ex-employees, such as Coil, or partners, like Axelar, who are not funded.
— Bob Ras (@bobrasX) March 25, 2024
As the developer points out, while Ripple may face challenges in its mission to replace SWIFT and disrupt international payments, all developers should be encouraged to add value to XRPL, to help grow the ecosystem.
In closing his thread, developer makes it clear that this does not constitute an attack against Ripple and the network. “This isn’t an attack, it’s a call to action to make XRPL the innovative ecosystem it has the potential to be. We all want XRPL to succeed.” Then he adds.
CNF reported recently that the XRPL had made some noteworthy innovations. One of these was the adoption of an Automated Market Maker, which is similar to Uniswap for Ethereum’s (ETH) eco-system and Pancakeswap for Binance. This allows XRP to be used as a passive source of income.
As I write this, the price of XRP has dropped to $0.63. Drop by 4% In the past 24 hours,
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Source: www.crypto-news-flash.com
