- XRPL could protect non-custodial exchanges that support high-frequency trading.
- ZK proofs form the backbone for some of Ripple’s blockchain solutions.
- Implementing the XRPL directly affects XRP’s growth as a crypto asset.
Discussion on XRP’s use case is gaining momentum among mainstream businesses, with blockchain developers analyzing what the XRP Ledger can and cannot do under the current dispensation.
An X user’s highlight about Ripple’s role in piloting a private ledger for central banks launching CBDCs triggered a debate among technically knowledgeable blockchain users.
Ripple CTO David Schwartz Details XRPL Security for CBDCs and HFT
The debate led to Ripple’s CTO, David Schwartz, emphasizing the key security features on the XRP Ledger. He specifically noted that XRPL’s robust framework can effectively protect noncustodial exchanges that handle high-frequency trading.
According to Schwartz, ZK proofs form the backbone of some of Ripple’s solutions, making them more practical and secure. The Ripple CTO thinks the innovation would allow users to come close to the security and decentralization guarantees of layer-one protocols.
Related: Ripple Bets $1.25B That XRPL Can Handle TradFi Volume via Hidden Road
Critic Questions Feasibility of XRPL Private Ledgers
Schwartz’s defense came after a critic claimed it was technically impossible for XRPL to have a private ledger. The critic argued that having such a solution within the XRPL could lead to expensive payments during price bumps. According to him, such a solution could only be temporary and applicable for small periods, as it would not affect market fluctuations.
Related: XRPL Adoption Surge From RWAs to Make XRP the Dominant Crypto Asset—Analyst
Despite the ongoing debate, it is crucial to understand how blockchain technology has evolved over the years. The industry’s dynamic nature has led to the achievement of solutions that most people thought were impossible a few years ago.
Hence, it could be technically out of place to limit the possibilities of a blockchain protocol’s capabilities, especially those receiving notable adoption in the mainstream.
XRPL’s Evolution and XRP’s Growth Outlook Stay Positive
Ripple’s growing adoption and XRPL’s increasing implementation in mainstream protocols is a direct contributor to XRP’s growth.
XRP has consistently been among the top cryptocurrencies for many years despite the challenges it faced from the SEC. Analysts now expect XRP to grow even further, considering the regulatory challenges have neared conclusion alongside a spurt in adoption of its underlying technology across business sectors.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
