Ripple has announced an impressive increase in the transaction throughput of its XRP Ledger from 1,500 to 3,400 Transactions Per Second (TPS). The news first came to light on Wednesday when Kevin Cage, an Investment Advisor at Iron Key Capital, noticed the updated figure on Ripple's official website.
The announcement has sparked a range of reactions within the XRP community, with some members expressing optimism while others remain skeptical. Krippenreiter, a prominent member of the XRP community, pointed out that three pull-requests on GitHub are aimed at bolstering the network’s transactions throughput and helping stabilize the ledger. However, only two of these requests are set for deployment in the forthcoming rippled v1.12 update. Krippenreiter also cautioned that these new figures might be more aspirational than grounded in reality.
In response to the debates within the community, Ripple's engineering team highlighted their testing process. They recalled that initial tests in 2015 could only handle 80 TPS. However, their recent tests for an upcoming release achieved an astonishing 3,400 TPS, marking a monumental 4,000% improvement.
The leap was attributed mainly to a meticulous three-phase testing process focused on maintaining network stability and performance. Notably, Ripple's CTO David Schwartz disclosed earlier this year that they had never seen the XRP Ledger handling up to 1,500 transactions per second on the mainnet.
Schwartz clarified that the initial 1,500 TPS figure on the website may have been “poorly worded” and could indicate the XRPL's capability to handle this load consistently. With the website now officially stating a throughput of 3,400 TPS, questions are emerging about the veracity of this new claim. Some wonder whether it's a genuine technological achievement or if it falls into hypothetical projections similar to the previous 1,500 TPS.
The potential increase in transaction throughput is set to be deployed soon, and it remains to be seen how this will impact the performance and use of the XRP Ledger.
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