Ripple Network Announces Launch of XRP Ledger Version 1.6.0
Crypto Guide
Live News

Keeping up with all the cryptocurrency news and updates is not an easy task, but we are up to the challenge! This way we can help our readers to keep track of changes in these fast growing currencies. Just like our site, is willing to face this challenge and on their site, they compile the features, key elements, and recent news involving bitcoin casino sites and which are the best to try!

Ripple Network Announces Launch of XRP Ledger Version 1.6.0

August 20, 2020      Vandana Malik

Ripple Network, a digital payments network, has recently announced the launch of its XRP Ledger Version 1.6.0. This new version will be offering several new changes and features to the XRP Ledger Consensus Mechanism. 

As per the announcement, this version has introduced three amendments to the current XRP ledger framework. This will include, Hardened Validation, fix 1781, and fix amendment Majority Calc. All three are now open for voting on the website. Ripple Network has specified that if the XRP Ledger Amendment process receives 80% of votes, then the ledger protocol will be subject to changes. It has also advised the users to upgrade to the new version before September 02, 2020.

Ripay by Ripple Network to extend XRP adoption

Ripple Network and XRP Ledger have jointly launched an application recently named Ripay. The application is all set to extend the XRP adoption to over billions of people across the world. The Ripay app has secured the second position in a recent PayID Hackathon, which has featured over 360 developers.

The primary purpose of this app is to power and facilitate cross-border transactions for different parts of the world. Kuyawata, the Ripay programmer, has said that the app is capable of making transactions within seconds through texting only. 

Ripay uses PayID to create a compatible interface

Ripay makes use of the universal payment modifier, also called PayID. This helps to create a compatible interface with different messaging apps like Telegram and many others. The Ripple Platform has also appointed Aditya Turakhia, ex-Executive Director at Goldman Sach as the Senior Manager for Global Institutional Markets of the firm. The firm took this step with the main goal of promoting the activities of the company. Turakhia has earlier worked at HSBC before working as Executive Director at Goldman Sach.

Articles You May Read

READ  Ripple-Launched PayID To Develop Ten Projects With Using XRP
#Compatible interface #Extend XRP adoption #Kuyawata #PayID Hackathon #Ripay #Ripple Network #XRP Ledger Version 1.6.0
Vandana Malik
Vandana Malik

Vandana has received Master of Arts degree in English from GEU Dehradun. She is currently working as a content writer with Agio Support Solutions and earlier worked as a sub-news editor at Business News and Information Services Private Limited. She is an enthusiastic content writer and aims to bring a compelling yet informative content to the audience. Meanwhile, enhancing her own knowledge in the cryptocurrency and blockchain industry.