The new updates will further bolster Ripple’s scalability and efficiency.
Ripple’s development team from the RippleX and XRP Ledger Foundation has announced the launch of Clio 1.0, an upgrade designed for the XRPL API server that will improve websocket and HTTP API calls.
According to an announcement, the Clio 1.0 update is designed for lower memory usage, higher throughput for API requests, simple horizontal scaling, as well as storage overhead.
The development was also shared by David Schwartz, the CTO at Ripple, who recently shared details of his cryptocurrency portfolio.
“Excited to announce the release of Clio 1.0 which significantly improves the scalability of access to XRPL data. It doesn’t matter how quickly and cheaply the ledger can reach finality if you can’t support massive numbers of queries from wallets, exchanges, and explorers,” Schwartz said.
Excited to announce the release of Clio 1.0 which significantly improves the scalability of access to XRPL data. It doesn’t matter how quickly and cheaply the ledger can reach finality if you can’t support massive numbers of queries from wallets, exchanges, and explorers. https://t.co/ag5Mo2wnzt
— ????? ???????? (@JoelKatz) June 30, 2022
Features of Clio 1.0
An important feature of the upgrade is that multiple Clio servers can access the same dataset, thus enabling the development of a cluster of Clio servers without any form of reduction of computation or data storage.
The Clio update uses a space-efficient format to store validated historical ledgers and transactions, thus using up to 4 times less storage space than what is achievable on the Ripple network.
Clio uses ScyllaDB or Cassandra, which fosters a more scalable throughput. Unlike most API servers, Clio does not connect to a peer-to-peer (P2P) network to obtain data. Clio server gets its data from a specified Ripple server that has a connection to the P2P network, as this helps to reduce the load on servers in P2P mode.
Per the announcement, the Clio upgrade was built and tested on Ubuntu 20.04 Focal Fossa.
“Clio offers the complete HTTP / WebSocket APIs. By default, it uses the latest validated ledger to serve requests. For any requests that require access to the P2P network, Clio automatically forwards the request to a P2P server and passes the response back,” excerpt of the announcement reads.
Ripple Introduces an Automated Market Maker Proposal
Meanwhile, the Ripple development team has shared details of an automated market maker (AMM) proposal on the XRPL.
The proposal, described as a “secret sauce” by Schwartz, will introduce “a continuous auction mechanism that incentivizes arbitrageurs to burn liquidity tokens and arbitrageurs sooner, more accurately, and more frequently to increase the benefits to liquidity providers.”
For the first time, this reveals the planned “secret sauce”, a continuous auction mechanism that incentivizes arbitrageurs to burn liquidity tokens and arbitrager sooner, more accurately, and more frequently to increase the benefits to liquidity providers.
— ????? ???????? (@JoelKatz) July 1, 2022
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Source: https://thecryptobasic.com/2022/07/01/ripple-team-launches-clio-1-0-to-enhance-xrp-ledger-data-scalability-along-with-automated-market-maker-proposal/?utm_source=rss&utm_medium=rss&utm_campaign=ripple-team-launches-clio-1-0-to-enhance-xrp-ledger-data-scalability-along-with-automated-market-maker-proposal