David Schwartz, the CTO of Ripple, spoke about Stellar Lumens’ network, which was down for almost an hour. He explained how both Ripple and Stellar had traded off double spend problem for the risk of halting.
Stellar Lumens, the ninth largest cryptocurrency, faced a problem when its network stopped validating transactions, leading to the shutdown of the network for 67 minutes. The SDF [Stellar Development Foundation] commented on the matter in a blog and confirmed that this outage was not because of Stellar’s consensus protocol and that it worked as “intended”.
The blog also addressed the “over-centralized” rumor of Stellar as it stated:
“We’ve seen claims that Stellar is “over-centralized” and that somehow a failure with SDF’s nodes dragged down the whole network. Ironically, the opposite is true. Stellar has added many new nodes recently. In retrospect, some new nodes took on too much consensus responsibility too soon. We need better community standards around maintenance timings, quorumset building, and validator configuration.”
Stellar’s Consensus Protocol [SCP] tends to halt when faced with uncertainty than proceed to operate in a potentially inconsistent state. The blog also added ways it could mitigate risk and avoid the “halt” problems in the future.
Since there is a bit of history between Ripple, XRPL, and Stellar, David Schwartz’s reply to Stellar was expected, unlike the Ripple/XRP fanboys poking fun about Stellar’s downtime. Schwartz tweeted:
— David Schwartz (@JoelKatz) May 16, 2019
He further commented saying that a similar thing could also happen to XRP Ledger as, consensus protocol, by design, trades off the risk of double spend for the risk of a halt. He said:
“PoW system make forward progress even where forward progress is unsafe. XRPL and Stellar do not make forward progress under potentially unsafe conditions.”
Schwartz explained the perfect number of validators required to achieve consensus for XRPL and also stated that both the networks have not reached the “state of perfection yet. It’s a slow process with many potential danger zones”. He went on to explain that XRPL was way past these “dangerous possibilities”.
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XRP TipBot comes back online after a tiny downtime; Nothing to be worried about, says Wietse Wind
XRP TipBot’s website and the corresponding application suffered a downtime on June 23, 2019 for a few hours, during which the application wasn’t showing the balance of users. The website and the API for TipBot instead, displayed a “500 Internal Error.”
A Twitter user, @BlueNETGaming, tweeted Wietse Wind, inquiring the same. Wind confirmed that it was just an “infrastructure blip,” and that there was nothing to be worried about.
Oops! Sorry! Infrastructure blip. Really easy fix but I enjoyed an offline afternoon with my girls 😇 So I only found out after some time, when I checked my phone. Monitoring, messages, calls 😇 Social media tips went through during the downtime. Sorry! 😆
— Wietse Wind (@WietseWind) June 23, 2019
XRP TipBot is probably the first and most widely accepted use-case of XRP. It leverages the transaction settling time of XRP Ledger to make tipping easy among peers on Twitter, Reddit, and other platforms, and this was the brainchild of developer Wietse Wind.
After TipBot, a lot of other cryptocurrencies have tried to mimic this idea of facilitating tipping; an example being Bitcoin’s, Tippin.Me which leveraged Lightning Network for tipping users. Although successful, it isn’t as popular as Wind’s TipBot.
The reason behind the same is that XRP Ledger allows transaction settlement in under 5 seconds, which makes tipping fast and efficient, unlike Bitcoin’s transactions which take a few minutes for transactions to be confirmed.
This is same reason why XRP is being used as a liquidity provider for cross-border payments in Ripple’s proprietary product, xRapid.
XRP community is a tightly-knit community with people who are very bullish about XRP’s success. There are equally talented developers in the community who are developing apps that help create more use-cases for XRP.
SchlaubiDev is one such developer known for developing plugins for Gmail and Microsoft Office, plugins that allow a user to send XRP over e-mails.
Ripple has identified Wind and his team’s talent and inducted them into Xpring, which finances them to help develop more community-based apps for increasing XRP use-cases.
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