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Rippled 1.0.0 launches, xRapid product ready for market

Anirudh VK



Rippled 1.0.0 launched, xRapid product ready for market
Source: Unsplash

Rippled 1.0.0 saw a release today on Github. This marks the “gold status” of the product. It has come out of its alpha and beta stage and is now ready to be used by Ripple’s customers.

One of Ripple’s development team members, Nik Bougalis tweeted:

“A large part of the @Ripple C++ team is at #Consensus2018. But that didn’t stop us from just releasing rippled 1.0.0.”

Rippled is the name given to the network on which the XRP Ledger runs. The servers connect to a network of peers, relays cryptographically signed transactions and maintains a local copy of the shared global ledger. It is written in the C++ programming language.

The XRP Ledger features an API that can be used with Rippled, known as RippleAPI. It is a JavaScript client library.

As Ripple’s xRapid product functions on the XRP Ledger, the release of the finished Rippled product signifies that the xRapid product is ready and viable for commercial use case scenarios. This announcement comes hot on the tail of the first live xRapid demo conducted by David Schwartz. It was described by onlooker and crypto enthusiast SecureBlockChains on Twitter as:

“Just watched a live demo of xRapid by @ripple. $100 was sent from NY to Mexico in 2 minutes, which included 2 different conversions in which the result was Pesos in a Mexican bank account. IN 2 MINUTES! The XRP part was done in seconds. #xrpthestandard”

The xRapid product seems to be ready for the market as well, with the XRP community speculating that it will be launched at the community night.

User gamedev368 said on Reddit:

“Yes this the software behind xRapid. I’m sure they’ll have an official announcement to pronounce xRapid officially out of beta.”

Users on Twitter rejoiced with the announcement, with user XRPTrump saying:

“1.0.0 It took a while to get here but you guys came here with a bang! #xrpthestandard”

Bank XRP said:

“Amazing. Thanks for all the Hard Work. You must be Proud and you should be.”

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Anirudh VK is a full-time journalist at AMBCrypto. He has a passion for writing and interest towards the future of blockchain technology and cryptocurrencies. He does not own 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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