Notable XRP Influencer Reveals Plans to Enhance Security on Ripple-Focused XRP Tip Bot

The popular and recognized XRP influencer Dr. T talked with another XRP follower about how the XRP TipBot works. The Twitter user that is known as @hard_hodl asked how XRP is secured with the XRP TipBot.

He answered that WietseWind, XRP TipBot creator and XRP developer, secured the XRP using a cold or hot wallet model. This is similar to what exchanges do to process payments, including deposits and withdrawals.

At the same time, the user can implement a 2FA such as the ones seen in other platforms or even exchanges. This allows users to increase the security of their accounts and avoid hackers or attackers to steal the funds they held in their accounts.

In another tweet, Dr. T mentioned that WietseWind might have future plans to improve the security of the XRP TipBot.

For example, some of the upgrades that can be performed to the bot application are related to automatic regular key/disabling master key script in case of compromise. Another improvement could be on-ledger tips that remove the need to store physical XRP coins in the XRP TiBot wallet.

These things are upgrades that can be planned and implemented by WietseWind in the future. Although this could be a good way to improve the security and functionality of the XRP TipBot nothing is confirmed.

In another tweet, Wietse Wind said that he is thinking about implementing new features to XRParrotand XRP TipBot. However, he did not mention anything specific or related to enhanced security features.

In the future, other things could be implemented such as micropayments on specific platforms. Users would be able to pay just for the time they use a service or stream a video, among other things.

Get Free Email Updates!

*Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

I will never give away, trade or sell your email address. You can unsubscribe at any time.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer


Please enter your comment!
Please enter your name here


Live Bitcoin Price & Latest BTC Charts

Today's Latest Crypto News

YFI Plunge Might be Over After Record Number of Addresses Unload All their Tokens

In the past three days, the DeFi darling YFI has lost more than 36% of its value, going from $34,400 to $21,950 today. At the...

Financial Firms & Law Enforcement Find Cryptocurrencies More Risky Than Opportunistic: RUSI Survey

Financial firms, government, and the private sector all see cryptocurrencies as risky, found a survey by the Royal United Services Institute think-tank and the...

Kadena to Launch DEX to Rival Uniswap; Touts Higher Speeds and Multiple Protocol Support

Kadena announced on Tuesday that it would roll out a Decentralized Exchange (DEX) dubbed ‘Kadenaswap’ towards the end of 2020 in a bid to...

Crypto Exchange Bitpanda Raises $52 Million in Series A Round to Offer Access to Stock Markets

Cryptocurrency exchange Bitpanda has raised $52 million in its first major funding round, Series A led by PayPal co-founder Peter Thiel’s Valar Ventures. Other...

Coinbase Launches Staking Program For Cosmos, ATOM Holders Can Earn 5%

In a blog post released on Wednesday, Coinbase introduced staking on ATOM, promising up to 5% return per annum on the value staked. The...

BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.

Start Using Crypto Today