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.
- Ethereum News: Latest On-chain Activity Hints Massive ETH Purchase by Bitmine (BMNR) and SharpLink (SBET)
- VanEck Pushes for Staked Hyperliquid ETF in US, Expects HYPE Coinbase Listing Soon
- Crypto ETF Update: Rex-Osprey’s XRP ETF, DOGE ETF to Launch Friday as SEC Review Ends
- SEC’s Paul Atkins Pushes for On-Chain Capital Raising Without Uncertainty
- SEC Delays Decision On Staking For BlackRock’s Ethereum ETF
- Pump Price Forecast as $12M Buyback Fuels Scarcity — Is $0.01 in Sight?
- SUI Price Prediction as Mysten Labs Meets SEC Ahead of ETF Decision—Is $7.5 Next?
- Can Dogecoin Price Hit $1 as Derivative Volume Jumps Ahead of DOGE ETF Launch
- Bitcoin Price Prediction Eyes $150K as Trump Calls for Aggressive 100 BPS Rate Cut
- Solana Price Prediction: Can Nasdaq Listing and $94M Holdings Propel SOL Toward $400?