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Ripple’s xCurrent 4.0 goes live, iFinex responds to New York AG’s allegations and more

Jibin M George

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Ripple's xCurrent 4.0 goes live, iFinex responds to New York AG's allegations and more

Crypto News – 07 May

Bug found in Maker voting contract: An audit by Coinbase and Zeppelin solutions found a critical bug in Maker’s governance and voting contract

Read more at https://bit.ly/2J52RGR

WeChat releases update: The popular messaging app changed its payments policy, disallowing any crypto-sales by merchants using WeChat

Read more at https://bit.ly/2J5BaxK

Binance Research on Bitcoin: In a new finding by Binance’s research wing, Bitcoin [BTC] performed better than crude oil and tech stocks in 2019

Read more at https://bit.ly/2Y9EQBZ

New milestone for Tron: Tron’s Justin Sun announced that the altcoin had recorded a landmark block height of 9 million

Read more at https://bit.ly/2VKNZUb

Ethereum leads bull charge: The cryptocurrency market found green pastures after Ethereum, Litecoin, Tron and Monero surged significantly

Read more at https://bit.ly/2VSWU5O

Single address linked to BCH transactions: Almost 50% of network’s transactions over a month linked to single address

Read more at https://bit.ly/2J5D7u4





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XRP

XRP TipBot comes back online after a tiny downtime; Nothing to be worried about, says Wietse Wind

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XRP TipBot goes online after a tiny downtime
Source: Unsplash

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.

Wind tweeted,

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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