According to Ripple’s Chief Technology Officer, a few changes on the XRP ledger could be around the corner, including one that could allow the creation of tokens backed by some assets. David Schwartz also spoke about how the XRP ledger has evolved over the years.
XRP ledger has undergone several changes over the years.
In a recent episode of Ripple Drop, the Chief Technology Officer of the company noted that since he started working on the XRP ledger back in 2011, it has undergone so many changes. He said that in the early days, all they were able to do was conduct fast transactions on a decentralized ledger. He further revealed that he had suggested a number of changes for the XRP ledger, including core consensus improvements.
New features could allow the development of stablecoins on XRP ledger.
David Schwartz pointed out that even though Proof of Work works fine, it is basically “a technological dead-end,” because there have not been any notable innovations in it. He said that new features that he has suggested for the XRP ledger would allow users to launch stablecoins on the ledger. Features similar to this have been developed on other systems, he added. However, the CTO did not specify these new features.