XRP News: XRP Ledger (XRPL) Faces Downtime, Here’s What We Know

WietseWind, a prominent developer and contributor in the XRP Ledger (XRPL) community, has noticed a downtime. In a post shared on X an exciting XRP News, WitetseWind stated, “XRPL is currently partially (?) down.”

This implies that some network functions are up, but not the critical components.

XRP News: Details of Event on XRP Ledger

According to WietseWind’s explanation, Full History servers and Ripple’s cluster do not have a current ledger.

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For clarity, Full History servers refer to specialized nodes that store XRPL’s entire transaction history. Significant issues have affected data access and network reliability, causing these servers to experience downtime.

Additionally, with Ripple’s cluster experiencing interruption, validation cannot occur. This is because a “no current ledger” on the nodes implies no access to the latest state of the ledger. This access remains critical to transaction processing.

However, WietseWind updated the community on the state of things a few hours later. In another post, he stated that most nodes have resumed functioning properly.

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“Most nodes are back on a consensus ledger and closing ledgers again,” he wrote.

This suggests that the nodes have successfully commenced validating and adding new transactions to the XRP ledger. Additionally, no data from past transactions is missing as the Full History nodes are synching back.

The XRPL Labs developer noted that the network recovery appears to have occurred without fixing. Tech experts say this highlights the blockchain’s resilience.

Despite the disruption, extensive manual intervention was not required to get back up and running.

Stablecoin Testing and Speculation on Downtime

This XRP Ledger downtime comes at a crucial time. As previously reported in an XRP news piece by The Coin Republic, Ripple Labs has resumed testing its stablecoin, RLUSD.

The firm halted testing in late October but recommenced after almost two weeks of no test.

Some have speculated that the resumed testing triggered the downtime experienced earlier on XRP Ledger. This remains in the realm of assumption, as WietseWind did not hint at it in his update.

Meanwhile, ahead of the expected launch, Ripple Labs has ramped up the testing of its RLUSD.

Reports from Ripple Stablecoin Tracker show that RLUSD Treasury minted a staggering 10,500,000 RLUSD recently.

Minting is one of the core aspects of the testing process. Other critical phases also under observation include burning and transferring.

All these need to undergo rigorous reviews to ensure they can withstand operational demand and pressure once launched.

Tokenized Assets and Increased Activity on XRP Ledger

Besides the stablecoin testing, other increased activity on the XRP Ledger now includes launching a tokenized fund. As per Ripple’s update, it has partnered with Archax to unveil a $3.8 billion money market on the XRP Ledger.

This development signals Ripple’s determination to position itself in a sector it projects will soon be worth a fortune.

Ripple said tokenized assets could be worth $16 trillion by 2030. Therefore, collaborating with Archax is a way to gain a foothold in the sector.

Notably, Ripple facilitates asset digitization involving bonds, stocks, and real estate. The goal is to integrate blockchain into the capital market using the XRP Ledger. It will support real-time settlement handling, reduce cost implications, and increase liquidity.

Tech experts have opined that the XRP Ledger needs to withstand all these numerous activities. On their part, Ripple developers are rolling out updates on the protocol per