Ripple 1.0 Peer to Peer Network Launches for Ripple’s XRP Ledger
Ripple has finally announced the release of version 1.0.0 of Rippled on May the 31st. Rippled is the peer-to-peer network in which the XRP Ledger works on. This is the 6th anniversary since they are working on the Ledger.
The new release works in a slightly different way after improving several important features that were implemented in previous updates. At the moment the new version will keep using the semantic versioning feature so as to organize and track future releases.
Node and server operators have time to update to Rippled 1.0.0 until June the 14th. If the users are not able to upgrade to the latest version, then it will result in the block of the server by “Amendment.” That means that these blocked servers cannot validate the ledger, participate in consensus, process transactions in the network, or vote on future decisions.
The official statement about the release reads as follows:
“v1.0.0 also symbolizes the growing maturity of the software and the increased stability of the decentralized, growing network of nodes that are running the software all around the world.”
The upgrade includes different changes, including some of them in the history sharding protocol. Moreover it can now use the shard store to satisfy ledger request. Permesagges are now modified, and some changes applied to deflating and compressing defaults.
This is a very important milestone in the development of one of the most important products Ripple has ever developed: xRapid. An important part of its function takes place on the XRP Ledger. With the consensus protocol applied by Ripple on its XRP Ledger, transactions can settle in just 4-5 seconds. Additionally, it could be able to process 1500 transactions per second.
Ripple is the third most important virtual currency in the market at the moment of writing this article.