Ripple Releases Rippled 2.3.0 Update to Enhance XRP Ledger
Ripple Labs Inc has launched a new software version, Rippled 2.3.0, on the XRP Ledger (XRPL), enhancing its functionalities and performance.
Rippled 2.3.0: Enhancements for XRPL
The Rippled software is essential for the XRPL, facilitating payments, asset tokenization, and smart contracts. Version 2.3.0 aims to improve scalability, performance, and user experience, making it attractive for developers.
Key updates include faster transaction processing, improved stability, efficiency, and enhanced security.
Rippled 2.3.0 has been released!
Attention all node operators and validators: Update to the latest version 2.3.0 promptly
This release is particularly exciting for us!
⁰Our hubs are already bootstrapped, and we’re proud to see them serving an increasing number of peers.
We’re… pic.twitter.com/K58OlBtu01— XRPKuwait (@XRPKuwait) November 26, 2024
Additionally, Rippled 2.3.0 features updated APIs for easier decentralized application (dApp) development and addresses issues from previous versions. Node operators and validators should upgrade immediately to maintain network functionality and adapt to evolving blockchain technology.
Ripple's Vision for XRPL Adoption
In light of the recent resolution in the SEC vs Ripple lawsuit, which clarified XRP's legal status in the U.S., Ripple is focused on advancing the XRPL. The network has established itself as a key player in cross-border payments over the last decade.
Ripple intends to enhance the XRPL's capabilities within the Web3 ecosystem, including the launch of the XRPL EVM sidechain to boost interoperability with Ethereum. The company is also developing RLUSD, a US dollar-backed stablecoin set to operate on both the XRPL and Ethereum blockchains.
Plans are underway to introduce advanced programmability on the XRPL by 2025 to support scalable smart contracts, promoting broader adoption in the Web3 space. Ripple aims to compete with leading layer-one chains such as Ethereum, Solana, and Toncoin.
Furthermore, discussions around RWA tokenizations have emerged, although current focus remains on the RLUSD stablecoin, indicating potential developments in the Web3 domain.
Ripple Labs continues to work on various improvements and updates for the XRPL ecosystem.