MEXCRippleX Schedules XRPL Testnet Reset to Boost These Features
Highlights
- XRPL Testnet reset on Aug 19 aims to enhance stability and reduce costs.
- RippleX partners with Axelar for blockchain interoperability on XRPL.
- Surge in micropayments drives daily XRPL transaction volumes higher.
RippleX has disclosed plans to reset the XRP Ledger (XRPL) Testnet on the 19th of August, 2024, at 3:00 AM EST. The reset is expected to take approximately 15 minutes and is designed to enhance the stability and efficiency of operating the Testnet.
RippleX Schedules XRPL Testnet Reset
The Testnet reset scheduled by RippleX is a continuous process of improving the stability of the XRPL Testnet and minimizing its operational expenses. The process will make Testnet unavailable for approximately 15 minutes from August 19, 2024, at 3:00 AM EST.
RippleX pointed out that such resets are important for both developers and users to ensure that the testing environment is sound.
🚨Attention #XRPL Developers: we're planning a Testnet reset on August 19, 2024, starting at 3:00am EST. The reset will take approximately 15 minutes, during which the Testnet may be unavailable.
Resets improve the Testnet stability and reduce the cost of running a Testnet…
— RippleX (@RippleXDev) August 5, 2024
Besides the reset, RippleX is also looking at permanent solutions to strengthen the Testnet even more. These solutions include restricting the access to Testnet XRP to reduce network stress, strengthening measures to protect the Testnet, and setting up a regular cadence for future resets.
Enhancing Testnet Resilience
The actions of RippleX are to contribute to the improvement of the stability of the Testnet environment. The introduction of access limitations for Testnet XRP is aimed at avoiding overloading and potential abuse of the network so that it can serve its purpose of testing effectively.
Concurrently, further measures will be put in place in order to prevent any threat and or disruption to the XRPL Testnet.
Another action to improve Testnet’s stability is the creation of reset schedules. This is a good practice which will ensure proper performance and enlighten developers on the expected testing environment.
Strategic Partnerships and Ecosystem Growth
In tandem with the Testnet advances, RippleX is scaling up the exploration of the incorporation of EVM on the XRPL. This development presents a huge potential in the world of DeFi and the tokenization of real world assets to developers.
This strategy is boosted by RippleX’s partnership with Axelar, which will be the sole bridge for the sidechain’s native token. Axelar’s ability to bridge over 50 blockchains strengthens the integration of the XRPL EVM sidechain.
Another recent partnership is with Archax, which will help in onboarding hundreds of millions of dollars of tokenized real-world assets to the XRPL.
XRPL Developments and Community Engagement
RippleX is also still involved with the XRPL community and encourages the creation of other testnets to be used for various purposes. Some of the latest developments from Ripple President Monica Long include Oracles and Multi-Party Computation (MPT) standards to be executed soon on the XRPL in order to increase the security of transactions and reliability of data.
These are expected to drive up the network usage and get more developers and institutional players involved. In addition, according to a Coingape report, XRPL’s activity is increasing primarily because of the increased micropayment transactions.
These have recently picked up and are contributing large transaction volumes to the network on a daily basis. This is due to the new users and applications that have adopted the XRPL for small and frequent transactions showing the efficiency of the ledger in handling high transaction throughput.
Read Also: US Recession Fears Abating As US Services PMI Hits 51.4%
- Crypto Market Tumbles as Jerome Powell Says December Rate Cut ‘Far From Certain’
- FOMC Meeting: Federal Reserve Lowers Interest Rates by 25 Bps in Second Cut of the Year
- WLF Token Jumps 7% as Former Robinhood Counsel Joins Trump-Backed World Liberty Financial
- Changpeng Zhao “CZ” Warns Investors “Don’t Buy” Golden Statue Meme Coin After 27,000% Surge
- Markets Expect October Fed Rate Cut as Bitcoin Repeats Post-FOMC Pattern
- Ethereum Price Flips BTC in Strategy Shift, Eyes $4500 Level
- Expert Predicts XRP Price to Hit $10 as Elliot Wave, XRPR ETF Inflows Align
- HYPE Price Prediction as 21Shares Files S-1 for Hyperliquid ETF—Can Bulls Push HYPE to $60?
- Bitcoin Price Rally Bound? How the Fed’s Move May Unleash Crypto
- Can ASTER Price Rebound 50% as Whale Activity and Bullish Pattern Align?
- Pi Network Patterns Point to More Gains Despite Manipulation Claims
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
