Ripple[XRP] updated its website yesterday with the latest developments and use cases of the platform. One of the most startling discovery revealed on their website is that Ripple has a throughput capacity of 50,000 transactions per second.
Some people believe it is made possible through Ripple’s Payment Channel, the Inter Ledger Protocol (ILP), on which Ripple published a blog last year. Although it is interesting to note, Ripple hasn’t publicly announced that they are now in a position to serve 50,000 tx/sec. They only updated the value on their website.
Ripple’s Website Screenshot
Coinbase has recently revamped their token listing procedure. A new token can fill a form out on their website, and once community approves, the token can be listed. Investors can’t help but speculate, whether this time Coinbase would list Ripple (XRP) on their platform.
Coinbase had rejected Ripple’s proposal to get themselves listed on Coinbase, on the grounds that Ripple is a centralized technology while Coinbase has committed itself to only pure decentralized blockchains. Coinbase was offered $1 Million by Ripple to list them.
Ripple is one of the biggest gainers as the market shift from red to green, by gaining 20% within 12 hours. Speculations regarding xRapid and Coinbase listing can be a reason as to why Ripple is gaining so much. According to NewsBTC analysis Ripple is showing strong bullish trends, as more bulls join Ripple.
Ripple also surpasses Ethereum once again with Ripple’s market cap at $22 Billion compared to $21.95 Billion of Ethereum.
Discuss this news on our Telegram Community. Subscribe to us on Google news and do follow us on Twitter @Blockmanity
Did you like the news you just read? Please leave a feedback to help us serve you better
Disclaimer: Blockmanity is a news portal and does not provide any financial advice. Blockmanity's role is to inform the cryptocurrency and blockchain community about what's going on in this space. Please do your own due diligence before making any investment. Blockmanity won't be responsible for any loss of funds.
In the rapidly evolving landscape of web-native payments it has become clear that new infrastructures…
A New Era for Global Trade: Alibaba Taps JPMorgan's Blockchain Global commerce has long been…
The Promise of Web3 Meets a Centralized Reality Web3 was built on a revolutionary promise:…
Bitcoin's Sudden Plunge Shakes the Crypto Market The cryptocurrency market is awash in red after…
Macro guru and Real Vision CEO Raoul Pal shone the spotlight on a rising layer-1…
As the technology landscape transforms at lightning speed, AI Companions has positioned itself as a…