XRP Ledger Resolves 64-Minute Mainnet Halt, What Happened?

On Tuesday, the XRP Ledger (XRPL) experienced a surprising 64-minute shutdown at leger height 93,927,173. 

According to a post on X, the disruption caused concern among the cryptocurrency community. The outage disrupted the decentralized network, leading many to question whether XRPL is stable and reliable compared to other blockchain networks.

XRP Ledger Has Fixed the Downtime Issues

The halt occurred during a routine operation, raising concerns among critics and supporters of the XRP Ledger. 

Even though the downtime was short, some critics worried that the disruption could damage trust in XRPL as a dependable platform for financial transactions. They highlighted that any interruption, no matter how brief, could have serious consequences for businesses and developers who rely on the network for their services.

However, proponents of the XRP Ledger quickly defended the network, stating that outages, while rare, do happen in the blockchain space. Ripple’s Chief Technology Officer, David Schwartz, supported this view in a post on X, affirming that the issue is now fixed and the network is running smoothly again. He reassured users that no funds were lost during the downtime.

Meanwhile, the cause of the issue is still being investigated. Ripple’s team is working to understand and fix any problems that may have caused the temporary disruption. In the meantime, crypto enthusiasts will closely watch how XRPL handles such incidents as it continues to develop.

Ripple’s CTO Defends the XRP Ledger Value

Recall that David Schwartz defended the XRP Ledger in an online debate against those who called it a “zero-sum game.” Schwartz underlined that customers gladly pay transaction fees in exchange for the beneficial services provided by the XRPL. He also emphasized its function in supporting several financial operations and enabling effective asset transfers.

Undoubtedly, this explanation highlights the benefits of the XRPL in addition to value transfer, presenting it as a strong foundation for several financial activities. 

Proposed Governance Reform on XRPL

Meanwhile, David Fueling, a renowned engineer connected to RippleX, suggested changes to the XRPL Foundation’s (XRPLF) governance framework. 

Fueling’s plan will advance democratic and decentralized procedures within the foundation. The advancement aligns with the expanding acknowledgment of the XRPL network’s architecture by different protocols.

Notably, the XRP Ledger recently closed its 86 millionth ledger. The current ledger index, provided by XRP Ledger Services, is 86,201,363, indicating continued activity and ledger expansion.