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Ripple [XRP] announces an open source collaboration with Hyperledger – Another blockchain revolution

Sthuthie Murthy



Ripple [XRP] announces an open source collaboration with Hyperledger - Another blockchain revolution
Source: PxHere

Ripple has just announced a collaboration with Hyperledger, an open source initiative, which is a very important step in establishing their long vision of the Internet of Value. They announced proudly about being a part of the Blockchain revolution.

Hyperledger is an industry-wide open source initiative to advance Blockchain technology, governed by the Linux Foundation. Hyperledger also tweeted the same stating, 14 organizations from India to Switzerland, BVIs to Spain are investing in open blockchain and distributed ledger technologies.

Hyperledger tweeted:

“14 new organizations from India to Switzerland, BVIs to Spain joined Hyperledger today. Welcome!”

Hyperledger is an open source collaborative effort created to advance cross-industry blockchain technologies. These new members have added to the growth of the community of 231 organizations in more than 25 countries.

It has gained a lot of significance as a multi-project and multi-stakeholder, now holding 10 business blockchain and distributed ledger technologies. Hyperledger sawtooth 1.0 release was a driving force to build on momentum at the end of January this year.

The technical steering committee recently accepted Hyperledger Caliper, a blockchain performance benchmarking tool and to add on, the fabric version 1.1.0 was released just last week. This caliper permits users to measure the performance of any specific blockchain implementation with used cases that are predefined.

Ripple is currently trading at $0.547 with a 6.98% decline.

Kristen clarifies through her tweet that:

“I hope everybody is aware that Ripple is not a coin, XRP is. Ripple is a company, a project, every partnership or action from them doesn’t necessarily affect XRP’s price. Ripple is doing a great job, they are active and professional.”

Anand Sharma, a Ripple fan said:

“Interledger is freedom, truly inclusive as it allows users to connect ledgers to pay in whatever choice of currency they have.”

James Kudrow, a Twitterati says:

“Ripple is all talk and no value like the Titanic. It is the Titanic of the crypto world. Keeps dropping all the time. Stop your talks and let’s see some action in the place.”

Erwin Garry, a blogger posted:

“I cannot comment on Brad Garlinghouse cause he got me in the way. He doesn’t want to hear the truth because he is money minded and he is a fraud, blocked me from Twitter.”

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Sthuthie Murthy is a full-time reporter at AMBCrypto. She has been researching and writing about the Blockchain technology for a year now. Her passion for blockchain has led her to be a part of AMBCrypto's news reporting team. She does not hold value in any cryptocurrencies currently.

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Ripple’s initiative invests in Bolt Labs to improve secondary payment channels and expand interoperability




Source: Pixabay

Ripple’s arm, Xpring which invests and incubates in companies and individuals which help improve the XRP ecosystem, invested in Bolt Labs. With the new investment, Xpring hopes to develop solutions that will help improve the security of secondary payment channels and increase the interoperability by integrating with the ILP.

Bolt is a private, off-chain scaling solution which was built on top of Z-cash, a privacy-focused cryptocurrency, has attracted more than a few well-known investors in the crypto-space and Ripple’s Xpring is one among them. In a blog, Bolt Labs said that their solution will focus not only on ZCash but also other publicly available cryptocurrencies that do not have inherent on-chain privacy features.

It also stated:

“The potential for these implementations to be networked together with technologies like Interledger opens the potential further for cross-chain interactions with these privacy guarantees baked in.”

The above statement suggests that they might have a “potential” implementation for these on Interledger Protocol [ILP]. ILP was created at Ripple developed by the Interledger W3C Community Group. ILP aims at connecting two different blockchains, to integrate two different ledgers and have seamless operations between them.

This would vastly benefit the payments industry, which is facing a revolution at the hands of a nascent technology like blockchain. Ripple, a payments provider, which is leveraging cryptocurrency and blockchain to facilitate faster payments, would benefit largely from this partnership. In addition, this could also signify a potential development on the  XRP Ledger and its on-chain/off-chain privacy and the currency, XRP.

A Twitter user @XRPCentre tweeted:

“If the solutions being developed by the company are able to improve the privacy of the ILP transactions, they would also be enhancing the privacy of XRP/ILP payments, which is a very demanded feature…. It’s all about interoperability and destroying network effects. If ILP succeeds in being the best protocol for cross-protocol/ledger transactions, you’d naturally search for the best asset therein.”

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