In a recent announcement, Ripple has revealed a substantial boost in the throughput of the XRP Ledger, elevating it from a previous rate of 1,500 Transactions Per Second (TPS) to an impressive 3,400 TPS. This revelation has ignited discussions and raised questions within the XRP community regarding the authenticity and potential implications of this sudden surge in transaction processing capacity.
Unveiling the Advancement
The news initially came to light thanks to Kevin Cage, an Investment Advisor at Iron Key Capital, who drew attention to the remarkable increase in the XRP Ledger’s throughput. Ripple’s official website now proudly showcases this enhanced TPS rate, causing a stir and eliciting various reactions from the community.
$XRP Question
I noticed this recently. Not sure if it’s been showing this TPS for a while
Why does Ripple’s site say 3,400 TPS rather than the standard 1,500 for the #XRPL
Thanks!https://t.co/Zq2dqUE3sp pic.twitter.com/CK9qgnPx8c
— Kevin Cage (@Kevin_Cage_) September 6, 2023
Key insights into this development were provided by prominent XRP community member Krippenreiter, who pointed out the existence of three Pull Requests on GitHub designed to enhance throughput and stabilize the ledger. While two of these requests have been completed and are slated for deployment with rippled v1.12, Krippenreiter emphasized the hypothetical nature of these numbers, warranting further scrutiny.
Notably, the Ripple engineering team had previously addressed this topic in a release. In the report, the team disclosed that initial testing in 2015 demonstrated a modest 80 TPS capability. However, recent tests conducted for an upcoming release achieved an astonishing 3,400 TPS, representing an extraordinary 4000% improvement.
This substantial increase was primarily attributed to a meticulous testing process comprising three distinct phases, all with a strong emphasis on maintaining network stability and performance.
Debates Surrounding the Displayed TPS Figures
It is essential to consider that the previously showcased 1,500 TPS throughput of the XRP Ledger had always been a topic of debate. In April, Ripple’s Chief Technology Officer (CTO), David Schwartz, acknowledged that they had never observed the XRPL handling up to 1,500 TPS live on the mainnet.
Schwartz clarified that the initial figure might have been “poorly worded” and could indicate the XRPL’s potential ability to consistently handle that level of load.
However, with the official website now presenting a throughput of 3,400 TPS, doubts have arisen regarding the authenticity of this claim. Some question whether it represents a genuine technological achievement or if it falls within the realm of hypothetical projections, akin to the previous 1,500 TPS. Notably, Schwartz had previously mentioned that the XRPL could handle only 300 to 500 TPS.
The XRP community eagerly anticipates further clarification and concrete evidence that can substantiate Ripple’s latest claims. The implications of such a significant breakthrough in throughput could have far-reaching effects on the network’s scalability and broader cryptocurrency adoption.
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