Axelar

A blockchain-based digital payment network, RippleX has officially declared that the XRP Ledger (XRPL) Testnet will be reset on August 19, 2024, at 3:00 AM EST. The reset, which should take about 15 minutes, is intended to enhance the Testnet’s reliability and performance. 
This is not the first time RippleX is working towards improving the Testnet and its functionality as well as cutting down its costs. For the duration of the reset period, the Testnet will be unavailable to the public. 
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RippleX was keen to point out that such resets are important to ensure that there is a stable testing ground for developers and users. 
Besides the reset, RippleX has also laid out several more steps to enhance the Testnet even further. These are as follows: Restricting the usage of Testnet XRP to avoid congestion in the network, improving security measures, and setting up a routine for future resets. 
The purpose of these enhancements is to ensure that the Testnet continues to be stable and functional for testing. The introduction of access restrictions is to curb any misuse and utilization of the network to its maximum capacity while reset schedules will ensure the network is running at its optimum best. 
RippleX is also considering the deployment of Ethereum Virtual Machine (EVM) on the XRPL which could be a boost to the DeFi sector and the tokenization of real-world assets.&nbsp; 
This effort will be complemented by RippleX’s collaboration with Axelar to enable interoperability between the XRPL EVM sidechain and other networks. Another partnership with Archax will assist in the onboarding of significant tokenized assets to the XRPL. 
In addition, RippleX continues to be active in the XRPL ecosystem, advocating for new testnets and increasing network stability. Recent additions of Oracles and Multi-Party Computation (MPC) protocols are anticipated to enhance the security and efficiency of the transactions. 
With the growth of XRPL activity, including the rise in micropayment transactions, RippleX’s efforts are to enhance the ledger’s performance and attract more developers and institutional actors. 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 Also Read: <a href="https://www.cryptotimes.io/2024/07/27/ripple-ceo-advises-harris-on-navigating-crypto-politics/" target="_blank" rel="noreferrer noopener">Ripple CEO Advises Harris on Navigating Crypto Politics</a> 
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RippleX Announces XRPL Testnet Reset on Aug 19 for Upgrades

The Crypto Times

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