According to Wind, all full-history servers operated by him and others were down, and Ripple’s cluster was reportedly unable to identify the current ledger.

The XRPL is currently partially (?) down.

We see all Full History servers operated by us and others down, and Ripple's cluster is also reporting having no current ledger.

Investigating. pic.twitter.com/jj40IZyHF9

— WietseWind ( @ Xaman, XRPL & Xahau) (@WietseWind) November 25, 2024

What’s Happening to the XRPL?

The XRP Ledger prides itself on high reliability, decentralization, and seamless performance. The report is expected to attract attention, given the importance of the network to developers, businesses, and users.

Wind stated, “We see all Full History servers operated by us and others down, and Ripple’s cluster is also reporting having no current ledger. Investigating.”

Following Wind’s post, reactions from the XRPL community varied. One user dismissed the claims as fear, uncertainty, and doubt (FUD), asserting, “Never went down for me.” Wind defended the validity of his observations by replying, “You call it whatever you want, just reporting facts.”

Others in the community corroborated Wind’s post, with some showing concern and seeking clarification on the underlying issue.

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Downtime Amid Increasing Interest in XRP

This downtime coincides with a massive increase in investor interest in XRP. The digital asset reached $1.62 for the first time since 2021 and boasts a trading volume of $11.5 billion over the past 24 hours—the fourth-largest in the market at press time. Its price has also risen by 8.66% in the same period to $1.47.

Partial or temporary issues on blockchain networks, including XRPL, can have widespread implications. They may impact transaction processing, ledger synchronization, and the ability of applications built on the ledger to function seamlessly.

For XRPL’s reputation, which is tied to its robustness and efficiency, reports of service interruptions could be a cause for concern, especially for stakeholders relying on its infrastructure for financial operations.

At press time, there has been no word on the exact cause of the network’s downtime. Without further details from Ripple or other prominent contributors, it remains unclear whether this disruption stemmed from a technical anomaly, an upgrade process, or other factors.

While network outages have plagued networks like Solana, the XRPL has remained one of the most reliable in the crypto market, and many expect that this problem will be quickly resolved.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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Wind reassured community members that his team’s commitment to developing the XRPL remains unwavering, regardless of Xahau Ledger’s success.

The @XRPLLabs team has been building Hooks and what now becomes Xahau … for 2.5 years now.

Did we seem less active on XRPL mainnet the past 2.5 years?

Nope. And our contributions and commitment to the XRPL ledger won't end now.

One ecosystem. One audience. More features. https://t.co/hS12G2Yznx

— WietseWind (+ Xumm @ XRPL Labs) (@WietseWind) October 29, 2023

Read Also: 600 Million Xahau XRP Allocated For Initial Distribution. Here’s What You Need to Know

The debate within the XRP community arose due to the predefined monetization plan for Xahau’s 8 Governance Game validator seats at launch. Critics expressed worries that once Xahau is fully operational and developers start receiving the initial allocation of 12 million XAH tokens as early validators, they might abandon the XRPL.

In response to these concerns, Wind firmly dismissed any notions of abandonment, emphasizing his team’s dedication to the XRPL.

Wind clarified that Xahau was specifically created as a platform for Hooks, a smart contract proposal for the XRPL before it goes live on the mainnet. Even if Hooks isn’t deployed on the XRPL mainnet, Wind assured the community that his team would continue to support and enhance both the XRPL and Xahau.

Wind’s comments resonated with the XRP community, providing reassurance regarding the XRPL ecosystem’s future. The team’s steadfast commitment to the development of both the XRPL and Xahau reflects their long-term vision and dedication to innovation.

Xahau: Advancing XRPL’s Capabilities

Xahau, a sidechain currently in development, aims to extend the functionalities of the XRPL by offering a platform for smart contracts and other advanced applications. The Fuel behind Xahau’s operations is its native token, XAH, which facilitates payments for gas fees and other transaction costs.

As a work-in-progress project, Xahau possesses the potential to significantly expand the capabilities of the XRPL. The introduction of Xahau opens doors for the development of decentralized exchanges, decentralized finance (DeFi) applications, and non-fungible token (NFT) marketplaces.

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Read Also: Experts Assess How XRP Could Benefit from Xahau and Its Token XRP+

Positive Outlook for XRPL’s Ecosystem

Wind’s recent remarks hold considerable weight, considering the ongoing discussions among the XRP community regarding Xahau’s impact on the growth of XRPL. His assurance of continued support and development for both ecosystems brings relief to community members concerned about potential divergence.

Xahau’s success could ultimately prove beneficial for the XRPL ecosystem as it introduces fresh innovations and attracts new users. Although the true potential of Xahau remains to be seen, the fact that it is being developed by a team deeply committed to the XRPL offers hope for a promising future.

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The post XRPL Labs Creator Addresses Concerns About Xahau Replacing XRP Ledger appeared first on Times Tabloid.

Per a Wednesday Twitter discussion, the XUMM Wallet lead developer noted that “XRP already is a stable coin”, stating that 1 XRP equals 1 XRP. The stability of XRP here, as implied by him, is not in terms of price but in the sense that the token does not rely on another blockchain to be functional. He wrote, “XRP lives on its own network. There can’t be price in the protocol on the network, because: price vs what?”

However, Wietse Wind highlighted some conditions that could transform XRP into a stablecoin with no price fluctuations. According to him, the dollar value of XRP cannot be stable because users offer varying prices for the crypto asset.

Read Also: NFT Marketplace Mintable Now Supports XRP Ledger (XRPL)

Hence, he implied that for XRP to be stable, all crypto traders interacting with the coin must offer a stable price for it. In addition, Wietse mentioned that another condition for XRP to behave as a stablecoin is if all on-ramp and off-ramp of XRP decide to sell the coin only at a certain ‘fist equivalent’.

He wrote, 

“The price of XRP comes from interaction with the world around the network: supply and demand. And since the price people offer is never stable, neither can XRP be.”

“The only way for that to work is if ALL On- and Offramps of XRP collectively decide they won’t sell if not exactly at a certain fist equivalent. Which is never happening with the amount of exchanges, DEX, etc.”

Read Also: Majority of XRP Community Members Predict Settlement in the Ripple-SEC Case

“I guess the only hypothetical way would be if stores and people start pricing goods and services in fixed XRP value, which would only work if their vendors, employees, everyone would do that as well. Never going to happen,” he concluded. 

I guess the only hypothetical way would be if stores and people start pricing goods and services in fixed XRP value, which would only work if their vendors, employees, everyone would do that as well. Never going to happen.

— WietseWind – XUMM @ XRPL Labs (@WietseWind) December 29, 2022

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Wietse Wind, a lead developer at the XRPL Labs, who designed Xumm, shared the new development with the XRP community via his official Twitter handle a few hours ago.

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Wietse Wind wrote, “One of the biggest things for the XRP Ledger (but I’m biased). Today the world can build “layer 1” smart contracts on the XRP Ledger, with our now published browser based “Hooks Builder”, on our live “Hooks Testnet”. All the Hooks source code is now public + PR to rippled.”

One of the biggest things for the XRP Ledger (but I'm biased )

Today the world can build "layer 1" smart contracts on the XRP Ledger, with our now published browser based "Hooks Builder", on our live "Hooks Testnet".

All the Hooks source code is now public + PR to rippled. https://t.co/ypyf4lgIxA

— WietseWind – XUMM @ XRPL Labs (@WietseWind) July 8, 2022

According to the report, the journey to design smart contract features on the XRP Ledger started about two years ago. It all started with a blog post titled “XRPL Labs is working on the “HOOKS” amendment for the XRP Ledger. Supporting business logic integration for developers.”

Read Also: Jeremy Hogan Highlights Why XRP Ledger’s Deal with Colombia Is the Perfect Example of Crypto Utility

XRP Labs says, “In the past two years, we went through discussing, designing, documenting, building, testing, benchmarking, more building, (etc., many iterations!), resulting in a first public testnet (it really worked!) early 2021. A few months ago, we silently launched Hooks Testnet V2.”

The company also reveals that it’s also working with another development firm named Equilibrium to make everyone familiar with Hooks.

“To allow everyone to get familiar with Hooks, build them, test them, share them, break them, we also worked with great people at Equilibrium.”

The firm added that “The XRP Ledger Foundation now houses the Hooks source code, Hooks Builder & all helper libraries. You can visit the Hooks landing page (containing docs, explorer, Github links & the Builder) at: hooks.xrpl.org.”

So, with the current stage of development, XRP Ledger is now one step closer to fully housing layer 1 smart contracts, according to XRPL Labs.

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