Türkçe
Español
Ripple Labs and developers in the XRP Ledger (XRPL) ecosystem are intensifying discussions on the need to establish a Canary Network for the Layer-1 Blockchain. The call to action was voiced by Wietse Wind, the co-founder of Xumm Wallet, who believes that having a robust testing ground before major upgrades and products are released on the XRP Ledger mainnet is essential.
Critical Error Discovered in AMM Feature
The introduction of the Automated Market Maker (AMM) feature on the XRP Ledger was initially met with excitement. However, this joy was short-lived due to an error that caused the feature to halt. Wind argues that such technical glitches could be prevented by establishing an appropriate testing ground.
In his proposal for the Canary Network, Wind emphasized that the protocol should have its own assets, including a native token and stablecoins. He also highlighted the importance of designing a protocol that fully reflects the XRP Ledger mainnet in every aspect, stressing the significance of tests being able to accurately replicate real-life scenarios.
The founder of Xumm underscored that the Canary Network must include a significant element of decentralization, encompassing traders, developers, and all key stakeholders in the ecosystem.
Compatibility with Established L1 Networks
The XRP Ledger Canary Network proposal is not without precedent. It is positioned in alignment with other Blockchain networks such as Flare and Songbird. For example, Ethereum has numerous test networks, including Goerli, Holesky, and Sepolia.
Any major Ethereum upgrade is deployed on these test networks for necessary adjustments before being applied to the mainnet. The recently launched Dencun Upgrade, unlike the issue experienced by the XRP Ledger AMM, passed through these test networks without any problems.
As Wind’s proposal begins to attract attention, discussions on the development of the Canary Network are expected to progress in the coming days.
These developments have led to questions about whether this is the end for XRP in the crypto world. However, it should be noted that the project will not end as a result of a single error. In fact, developers are already working to correct the mistake, and the network will be operational again. At the time of writing, the cryptocurrency XRP is trading at $0.63.
