XRP Ledger (XRPL): Call For Canary Network Grows Amid AMM Bug Hiccup
Highlights
- Calls for a Canary Network for this XRP Ledger is growing
- This will help prevent latest glitch post-AMM launch
- If implemented, XRP Ledger will now join Ethereum and Polkadot among others with such alternative networks
In light of the discovered bug that was recorded on the XRP Ledger (XRPL) following the launch of the Automated Market Maker (AMM), top ecosystem developer and founder of the Xumm Wallet WietseWind has called for a collective effort to deploy a Canary Network for the layer-1 blockchain.
XRP Ledger (XRPL) Canary Network: Key Features to Watch
According to WietseWind, embarking on developmental efforts for a protocol without a testing ground until its deployment is an aberration. He noted that though he would not be the first to put out a call for the launch of a Canary Network, the bug discovered after the launch of the AMM feature calls for better testing now.
Recall that Coingape reported the launch of the AMM feature, creating a milestone after years of conceptualization, building testing, and amendments. The technical glitch discovered afterward underscores the fragility that sparked concerns in the community, a concern WietseWind is looking to correct moving forward.
A long long time ago (actually: not that long, but we're in Crypto) I Tweeted some doubts about a Canary network to Hugo from Flare. In hindsight, I realize I was wrong.
The recent finding of a bug in the freshly launched AMM on the XRP Ledger shows the need for better testing.…
— WietseWind (🪝🛠 Xaman @XRPLLabs) (@WietseWind) March 24, 2024
He said the Canary Network he is proposing needs to work just like the XRP Ledger in all key features. The network will need to have its native token and stablecoins backed against the EUR and USD amongst others.
Per his proposed Canary Network, he is advocating for a decentralized system where everyone will be able to contribute to the canary activities. This call has been sanctioned by many members of the XRP ecosystem, especially in the face of many other amendments and features poised to launch in the future.
Key Models For the Canary Network
With a Canary Network, changes can be tested in real-time before deployment on the mainnet. This helps forestall all mishaps that might befall the upgrade or product due to improper testnets.
There are many examples of testing ground deployment in the broader digital currency ecosystem. Before the launch of Dencun Upgrade, the feature was deployed on various testnets ranging from Goerli to Holesky testnets respectively.
Polkadot network also has its own Canary Network dubbed Kusama, a duo that are among the key pioneers of this innovation. Ripple-ally, Flare Networks also deploys the majority of its latest updates and products on Songbird before taking it to the Oracle protocol’s mainnet.
While the timeline to launch the XRP Ledger Canary Network remains unknown, community members consider this innovation as the next phase in the protocol’s evolution.
- Trump Tariff Tensions Ease as U.S. and China Hold Positive Trade Talks Ahead of Oct 30 Summit
- Polymarket Hits $20B in Trading Volume, Announces Plans for Massive POLY Token Airdrop
- James Wynn Takes XRP Long Bet After Ripple Prime Announcement
- Nasdaq-Listed Bonk Holdings Makes First Major Purchase of $32M, Nears 3% of Total Supply
- Binance-based Meme Coin GIGGLE Fund Shoots 145% on Exchange Listing News
- PEPE Coin Price Prediction as Weekly Outflows Hit $17M – Is Rebound Ahead?
- HBAR Price Targets 50% Jump as Hedera Unleashes Massive Staking Move
- Chainlink Price Outlook: Analyst Predicts $100 as Reserve Adds 63K LINK
- SUI Price Prediction as TVL and Monthly DEX Volume Hit All-Time Highs- What’s Next?
- PUMP Price Prediction as Whales Accumulate 4.2B Tokens- Is 135% Rally Next?
- Dogecoin Price Crash Looms as Flag, Death Cross, Falling DOGE ETF Inflows Coincide
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.
