Good news : Ripple Paper announcing Support for $40 Billion XRP

in #ripple6 years ago

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Yes folks, thats right.

The startup that oversees development of the world's third most-valuable cryptocurrency, XRP, is planning to upgrade it's technologies.

The startup announced thus Wednesday, they will be releasing two new white papers for peer review -

  • One of them will describe the consensus algorithm of XRP in a better way.

  • The other will outline a way to improve the variety of connections between each node which the software users run to relay and verify transactions on the network.

Judging from them, it understandable that the Ripple investors are willing to invest in the core infrastructure to support it's cryptocurrency, which now has around more than 40 billion dollar.

Ripple CTO Stefan Thomas told CoinDesk:

"This is the first time we're releasing peer-reviewed academic papers. Obviously, it opens the door for future research. After this, I expect you'll hear much more about us interacting with academia."

However, according to Thomas, the two releases have one central theme:

security

"What we're trying to do here is add some defenses against some unlikely attack scenarios. Basically, it says you can't completely manipulate the entire network".

So, it seems he wants to increase the security if XPR. Probably it's because he saw companies like Tesla being hacked.

Tightening up for defense is also pretty good actually.

He also said that users will not face any downtime or after effect due to this.

Only time can tell how playing defensive will turn out.

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This should shoot ripple up past the 1.50 mark in the near future!

Yeah. But cryptocurrency itself is unpredictable. So, nothing about it is certain.

True, I did see your disclaimer, that's the exciting part of crypto trading.

You got a 1.15% upvote from @buildawhale courtesy of @rayne122!
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It's good news.

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