Maker

David Vance

Sologenic

<p>RippleX, the developer arm behind the<a href="https://www.cryptopolitan.com/circle-and-xrp-ledger-community-engage-in-talks-over-potential-usdc-support/" rel="noopener noreferrer nofollow"> XRP Ledger</a> (XRPL), has identified a technical glitch affecting certain Automated Market Maker (AMM) pools on the XRPL. This glitch has disrupted transaction processes within these pools, prompting RippleX to take preventive measures.</p>
<h2 class="wp-block-heading" id="strong-community-reacts-to-xrpl-glitch-mixed-responses-emerge-strong"><strong>Community reacts to XRPL glitch, mixed responses emerge</strong></h2>
<p>The glitch in question has impacted the execution of transactions within select AMM pools on the XRP Ledger, leading to erroneous processing. As a result, the basic functionalities of these pools have been compromised, necessitating urgent attention from the development team. To mitigate potential risks and complications, RippleX has advised users against depositing new funds into affected AMM pools. Additionally, those holding liquidity provider (LP) tokens have been urged to withdraw their funds until the issue is resolved.</p>
<p>The announcement of the glitch has prompted reactions from various stakeholders within the XRPL community. While some users have expressed concerns about the network’s reliability in light of the incident, others have commended<a href="https://twitter.com/RippleXDev/status/1771680918895558913?s=20" rel="noopener noreferrer nofollow" target="_blank"> RippleX for its transparency</a> in addressing the issue. However, the impact of the glitch has extended beyond RippleX, with several XRPL-based projects temporarily suspending their connections to affected AMM pools. Notably, platforms such as Sologenic and Anodos have halted deposits and disabled services, respectively, in response to the technical hiccup.</p>
<h2 class="wp-block-heading" id="strong-amm-pool-expansion-and-future-outlook-strong"><strong>AMM pool expansion and future outlook</strong></h2>
<p>The XRPL AMM pools were launched recently following the <a href="https://www.cryptopolitan.com/ripplex-advances-xrp-ledger-evolution-with-xls-30d-amm-protocol/" rel="noopener noreferrer nofollow">XLS-30D</a> amendment’s approval earlier this year. This milestone has significantly diversified the assets available on the XRPL, with over 1,000 liquidity pools created since the feature’s implementation.</p>
<p>Despite the complications encountered, Ripple’s Chief Technology Officer (CTO), David Schwartz, remains optimistic about the platform’s future. He views the recent launch as the initial step in a longer journey, highlighting upcoming milestones in XRPL development. It’s worth noting that RippleX had previously detected an issue related to AMM transactions in January, underscoring the complexities involved in deploying such features.</p>
<p><span id="docs-internal-guid-2a0ae737-7fff-2b10-9177-e4a69d8ec84a"></span></p>
<div><span style="font-size: 11pt;font-family: Arial, sans-serif;background-color: transparent;vertical-align: baseline"></span>
</div>

RippleX urges caution amid XRPL AMM pool glitch

Mục lục

Cryptopolitan_News

Các bài viết khác được xuất bản trên 25 thg 3, 2024

Dogecoin Eyes Price Rally as Community Prepares for Celebration Day

Bitcoin Enters Bullish Accumulation Phase, BTC Price $100,000 Loading

Koala presale aims to offer holders 2024’s best returns

Cryptocurrency Filecoin's Price Increased More Than 8% Within 24 hours

Bitcoin Dips Below $30,000 as Crypto Market Faces Turbulence

Bitcoin’s Momentum Gains as Kiyosaki Plans More Purchases

Tham gia bản tin miễn phí của chúng tôi để cập nhật tin tức về tiền điện tử hàng ngày!