RippleX has announced that they will reset the XRP Ledger (XRPL) Testnet on August 19, 2024, at 3:00 AM EST. The reset will take about 15 minutes and aims to make the Testnet more stable and efficient. This scheduled reset is part of RippleX’s ongoing efforts to improve the Testnet and reduce its operating costs. The Testnet will be unavailable for around 15 minutes starting at 3:00 AM EST on August 19, 2024.
RippleX emphasized that these resets are crucial for developers and users to maintain a reliable testing environment. Alongside the reset, RippleX is exploring permanent solutions to further improve the Testnet. These solutions include limiting access to Testnet XRP to reduce network strain, enhancing security measures, and establishing a regular schedule for future resets.
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RippleX’s Efforts to Enhance XRPL Testnet Stability and Security
RippleX’s actions aim to improve the Testnet’s stability. By limiting access to Testnet XRP, they hope to prevent overloading and misuse, ensuring the network remains effective for testing. Additionally, they will implement measures to prevent threats and disruptions to the XRPL Testnet. Establishing regular reset schedules will further enhance stability, ensuring proper performance and providing developers with a reliable testing environment.
Alongside the Testnet improvements, RippleX is expanding its exploration of incorporating EVM on the XRPL. This development holds significant potential for DeFi and the tokenization of real-world assets for developers.
RippleX’s partnership with Axelar, which will serve as the sole bridge for the sidechain’s native token, supports this strategy. Axelar’s capability to bridge over 50 blockchains enhances the XRPL EVM sidechain integration. Additionally, a recent partnership with Archax will assist in bringing hundreds of millions of dollars in tokenized real-world assets to the XRPL.
RippleX remains actively engaged with the XRPL community and supports the creation of other testnets for various purposes. Recent updates from Ripple President Monica Long include plans to implement Oracles and Multi-Party Computation (MPT) standards on the XRPL to enhance transaction security and data reliability.
These advancements are expected to boost network usage, attracting more developers and institutional players. According to a Coingape report, XRPL activity is rising due to an increase in micropayment transactions. These frequent, small transactions contribute significantly to the network’s daily transaction volume, demonstrating the ledger’s efficiency in handling high throughput.
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