Altcoins

XRPL’s Scalability Questioned Amid Inscription Saga

Recent discussions on X (formerly Twitter) have revealed that the XRP Ledger (XRPL) is technically incapable of supporting ordinals and their inscriptions. Richard Holland and Crypto Eri have criticized projects attempting to mint ordinals on the XRPL, labeling them impractical and spam.

We now have more real-world live XRPL performance results after the past 24 hours.

If you missed it
👉The XRPL cannot support ordinals or their inscriptions. Projects that *mint* ordinals on the XRPL are nonsensical spam.
– @RichardXRPL
🙏
#50https://t.co/Wt8kSrdzr0 pic.twitter.com/M0KXZeQj4k

— 🌸Crypto Eri 🪝Carpe Diem (@sentosumosaba) December 27, 2023

This new development, mirroring Bitcoin’s inscription method, aimed to inscribe data on XRP drops – the ledger’s smallest unit. As enthusiasts embarked on creating “XRP20” inscriptions, the ledger experienced an unprecedented surge in activity.

Wietse Wind, the founder of XRPL Labs and a key developer for Xumm, recently offered a unique take on the latest developments on X (formerly Twitter). He observed that the XRPL network is, by chance, experiencing a beneficial stress test as a result of the high traffic caused by the inscriptions.

Although the ledger was previously touted to support up to 1,500 transactions per second (TPS), it has been under pressure with the increased activity, operating at a mere 50 TPS. This level of performance needs to improve its alleged capabilities, sparking debates about the XRPL’s ability to scale and its overall reliability. This issue is underscored by the contrast with Ripple CTO David Schwartz’s earlier comments, where he corrected the 1,500 TPS figure, suggesting a more realistic range of 300 to 500 TPS.


3. We’ve never seen 1,500 TPS on the live XRPL. I suspect it could, as currently configured, probably sustain about 300-500.
4. While someone could create a basket containing XRP, the only current reason to do so I can think of is as for cryptocurrency index exposure. …

— David “JoelKatz” Schwartz (@JoelKatz) April 13, 2023

Richard Holland, the Chief Technology Officer at XRPL Labs, has confirmed this key distinction, explaining that, unlike Bitcoin’s satoshis, individual XRP drops cannot be uniquely identified. This technical hurdle renders inscriptions on the XRPL highly problematic, if not unfeasible. Consequently, the project was ultimately abandoned, although a few users persist in minting inscriptions, albeit at a diminished frequency.

The XRPL inscription saga has prompted various responses from the community and developers. Some viewed this episode as an unplanned yet valuable stress test for the network. Others, like Adam, CEO of NFT marketplace XRP Cafe, downplayed the issues, attributing them to infrastructure shortcomings rather than inherent flaws in the XRPL. The situation also highlighted the need for continuous development and possible restructuring to enhance the ledger’s capacity and resilience.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

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