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XRP Ledger sees the lowest close time with a simultaneous massive pump in transaction volume




XRP Ledger sees the lowest close time with a simultaneous massive pump in transaction volume
Source: Unsplash

XRP Ledger saw a massive transaction spike on January 23, 2019, as it reached a massive 104 transaction per second [TPS]. The usual number of transactions for XRP ledger lies anywhere between 10-20 TPS.

@cryptokinger noticed the same as he tweeted the following and posted a screenshot of the TPS:

“Highest @Ripple $XRP #RippleNet TPS seen in a while just now – note the higher the TPS, the faster the Ledger Closing Time #xrpthestandard”

Source: Twitter | @cryptokinger

The ledger closed time – the time taken for the XRP Ledger to reach consensus on a transaction, was the lowest, i.e., 0.50 second. Lower ledger close time is directly proportional to the transaction speed, hence, the people who noticed this sudden change in the XRP Ledger close time and the TPS were surprised and sought the reason for the change.

Another user @se2lgFUxkLEzOCu posted a new screenshot [as seen below] with an increase TPS of 104 and decreased ledger close time of 0.2 second.

Source: Twitter | @se2lgFUxkLEzOCu

The decreased ledger close time and a massively increased transaction volume could throw any user off balance leading them to presume that something might be happening with Ripple under the hood. A similar scenario took place on November 20, 2018, where the ledger close time decreased to 0.5 seconds while the transactions reached a massive 63 TPS.

David Schwartz, the CTO of Ripple and one of the brains behind XRP swooped in to clarify the numbers. He tweeted on November 20, 2018 saying:

“It’s possible the network was unable to agree on a close time. Consensus won’t wait if only the close time is unagreed (not worth delaying transaction confirmation) and has to try again next ledger.”

While some people believed it could Temnos or Cobalt under the works, but Dr. T and other well-known members in the community clarified that it couldn’t be so.

@TeholBeddictXRP commented:

“I’ve seen frequent jumps in TPS and drops in transaction close time at the start of the hour. Numbers like these are not that uncommon. Likely just the way it’s calculated and not real data.”

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Akash is your usual Mechie with an unusual interest in cryptos and day trading, ergo, a full-time journalist at AMBCrypto. Holds XRP due to peer pressure but otherwise found day trading with what little capital that he owns.


Ripple-backed XRPL Labs releases XRPayments on Playstore and App store

Namrata Shukla



Ripple-backed XRPL Labs releases its XRPayments on Playstore and App store
Source: Pixabay

The Ripple-backed startup, XRPL Labs had been working on various technologies to develop the ecosystem. One of these technologies, XRPayment, was in its testing phase and has been finally launched and made available on the Google Play store and Apple app store.

Wietse Wind, the developer of XRPtipbot and one of the developers at XRPL Labs, informed the XRP community about this on his Twitter. Wind stated:

“Right on time! 🎉 🎉 🎉 Our XRPayments app was just accepted by Google and Apple. You can get the app now from the Apple iOS or Google Play store, and start accepting $XRP for payments in your physical store!”

The application received a lot of traction, especially from the XRP enthusiasts, however, one of the users pointed out an issue he encountered while using the application. Twitter user @almost_summer_ asked Wind:

“hi Wietse great job! just downloaded it, if i open the coinbase or uphold wallet app i can scan the QR but it does not auto fill in the amount of XRP to send. the XRPay web version did fill in the amounts. is that supposed to be like that?”

Wind replied to the user saying that the team wanted users to think about the amount they and perhaps tip the service. He also added:

“Some wallet apps can read a pre filled amount, and the web version implemented that, thus breaking support with some other clients. For this app we wanted 100% support, so we left out the pre filled amount feature for now.”

Wind and the team are also working on a ‘signing platform’ which will enable the users to sign and approve transactions from an application or the web application from any developer, without sharing their mnemonic, through a push message or QR code.

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