- Rising blockchain launches highlight XRPL’s long-standing influence in financial design.
- XRPL blends public access with permissioned features to meet diverse regulatory needs.
- Deterministic finality and low-cost settlement show XRPL’s early architectural foresight.
It seems like everyone is launching their own blockchain these days. But according to Ripple CTO David “JoelKatz” Schwartz, this new trend only validates the 13-year-old vision of the XRP Ledger (XRPL). He argues that while starting a chain is one thing, building a sustainable ecosystem with real developers, liquidity, and trust is the real challenge.
Walking the talk. Schwartz isn’t just talking about building the ecosystem. Here’s our report on how he launched his own independent XRPL server.
The XRPL’s Design Advantage
According to Schwartz, blockchain design choices vary widely. Some networks use permissioned validator sets controlled by a single entity or a small group, offering compliance advantages for closed networks but limiting participation and resilience.
The XRPL, by contrast, is public and permissionless at its core, but it still provides optional permissioned features for regulated use cases. This hybrid design, he says, is key to its adaptability and ability to connect diverse markets.
This open foundation and its proven stability have been key to attracting institutional adoption. He also highlighted the XRPL’s predictable and extremely low fees (fractions of a cent) that don’t require a separate “gas token.”
Transactions can be paid directly in XRP, avoiding the complexity of needing another asset just to pay for fees, while XRP itself serves as a counterparty-free bridge asset for settlement.
New Blockchains Are Starting to Look a Lot Like the XRPL
Schwartz also pointed out that many newer blockchain projects are now starting to mirror aspects of the XRPL’s original architecture. Features like deterministic finality and Proof of Authority-based consensus are becoming more common as the industry recognizes the need for predictable and cost-effective settlement.
He also noted that the XRPL’s mechanism of burning a small amount of XRP with each transaction has proven its worth over years of real-world stress testing as a way to protect the network from spam while maintaining efficiency.
Building the ecosystem. His personal contributions don’t stop there. Here’s our story on the enterprise-grade XRPL hub he’s launching.
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.
