XRPL Upgrade Has XRP Traders Dreaming of 2017 – Here’s Why the Bulls are Back

XRPL Labs recently announced plans for a major overhaul of the XRP Ledger (XRPL) infrastructure in a blog post titled “Building a Sustainable Ecosystem.” This upgrade aims to decentralize and expand the XRPL network by enabling anyone to operate validator nodes more easily and profitably.

Some of the key changes outlined in the blog post include:

  • XRPL Labs is developing new open-source software called “xrplcluster” to power validator nodes on the XRPL. This code will be donated to the XRP Ledger Foundation for the benefit of the entire XRPL community.
  • xrplcluster will make it easy and affordable for businesses and individuals to run their own validators instead of relying on public servers. This will greatly expand the number of validators on the network.
  • The new infrastructure removes the financial burden and technical barriers that have so far limited who can run validators. Anyone can now operate a node and earn fees.
  • This decentralization of the network infrastructure improves redundancy and robustness. The XRPL will no longer depend on a small handful of server operators.

XRPL Labs believes these changes mark a pivotal moment for creating a healthier and more sustainable XRP Ledger network. The incentives are now aligned for wide participation in securing and operating the XRPL.

Overall, the xrplcluster initiative seems promising for further decentralizing and strengthening the XRPL. Wider distribution of validators should boost resiliency and integrity of the network. This is an exciting development for the XRP ecosystem.

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Torsten Hartmann
Torsten Hartmann

Torsten Hartmann has been an editor in the CaptainAltcoin team since August 2017. He holds a degree in politics and economics. He gained professional experience as a PR for a local political party before moving to journalism. Since 2017, he has pivoted his career towards blockchain technology, with principal interest in applications of blockchain technology in politics, business and society.