Ripple CTO Clears Doubts on XRP’s Future with RLUSD Introduction

David Schwartz, the CTO of Ripple and a key architect behind the XRP Ledger (XRPL), recently addressed concerns within the XRP community regarding the need for XRP in transactions on the XRPL. These concerns surfaced as Ripple prepared to launch RLUSD, a stablecoin introduced to expand Ripple’s service offerings. With RLUSD’s release is near, the community began questioning whether XRP would continue to be essential on the XRPL.

Why XRP Remains Integral to XRPL

In response, Schwartz emphasized that XRP remains vital to XRPL’s structure, particularly in protecting the network from spam attacks. He highlighted that public ledgers like the XRPL rely on a scarce asset like XRP to ensure that only legitimate transactions pass through the system.

For a public ledger to resist spam attacks, you need something scarce to fund a transaction so an attacker can't drown the system with infinite garbage. XRPL only uses XRP for this purpose. Unless rules change, nothing can move on XRPL without XRP.
— David "JoelKatz" Schwartz (@JoelKatz) October 27, 2024

By requiring XRP as part of every transaction, the network effectively reduces the risk of malicious actors flooding it with unnecessary requests.

If XRP were removed from transaction requirements, XRPL could become vulnerable to excessive transaction requests, potentially destabilizing the ledger. Moreover, Schwartz explained that XRP acts as a safeguard, maintaining the network’s stability and resilience against spam.

RLUSD Introduction Sparks Misconceptions

Schwartz’s comments clarified the ongoing role of XRP on the XRPL, directly addressing the doubts raised by RLUSD’s impending launch. Despite RLUSD’s entry as a stablecoin on the XRPL, it does not reduce or replace XRP’s importance in transaction processing. Schwartz reassured the community that XRP will remain central to XRPL’s operations unless the network rules are significantly altered.

While the introduction of RLUSD stirred some community concerns, Schwartz’s statements have provided clarity. He reaffirmed that XRP continues to be the backbone of the XRPL’s operational framework, even as Ripple expands its asset offerings.

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By reinforcing XRP’s indispensable function, Schwartz has helped put to rest any speculation about its future on the XRPL, confirming that XRP will retain its essential role in network security and transaction processing.

Disclaimer: The information in this article should not be considered financial advice, and FXCryptoNews articles are intended only to provide educational and general information. Please consult with a financial advisor before making any investment decisions.