Skip to content
Herald Sheets

Herald Sheets

Live Cryptocurrency News

Follow Herald Sheets on Twitter, Facebook, Telegram, Please Read Our Disclaimer

  • Homepage
  • Start Trading
  • Guide
  • Crypto News
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Ripple (XRP)
    • Dogecoin (DOGE)
    • Cardano (ADA)
    • Litecoin (LTC)
  • Analysis
  • Blockchain
  • Mining
  • Reviews
    • Brokers
    • Exchanges
  • Regulation
  • Press Release
  • About Us
    • Contact Us
    • Privacy Policy
    • Submit Press Release
  • Disclaimer
  • News
  • Ripple (XRP)

Ripple Clarifies Reason for Its Opposition to XRP Ledger Amendment; Launching New ODL Corridors

Tobi Loba June 9, 2020 3 min read
1 Billion XRP worth $1.6 Billion Released From Ripple Escrow Wallet in Two Successive Transactions

Ripple, the US-based cross border payment startup, has clarified the reason for opposing the XRP Ledger amendment that has received notable support from validators within the XRP community.

Also, Ripple has announced its intention to launch new On-Demand Liquidity (ODL) corridors and onboarding new customers in 2020.


trade now

Ripple’s Clarity about Its Opposition to XRP Ledger Amendment

A couple of days ago, the checks amendment attained the necessary 80% support threshold among validators. If checks remain above the threshold until 17th June 2020, it will get activated on the XRP Ledger.

If accomplished, the upgrade will enable senders to sign transactions and create virtual checks for a specific amount of destinations. The digital asset XRP meant to be transferred will not move until receivers are ready to cash their funds.

Additionally, if the checks fail as a result of potential sender issues such as insufficient balance, the funds will remain in the ledger to be cashed in the future.

Answering the question about the reason Ripple opposed the XRP Ledger amendment, David Schwartz, the chief technical officer (CTO) at the blockchain tech, stated that the potential costs of the amendment seem to be far more than its limited demand.

He said:

“Any change to a public ledger system has costs associated with it to everyone who uses that system. At an absolute minimum, they have to ensure the change doesn’t break any behavior that they’re relying on. So the bar for accepting a change should be pretty high.

We haven’t seen all that much demand for this feature. So we never were quite convinced the benefits exceeded that basic ‘cost of any change in behavior. But others could certainly disagree. If we opposed it for any significant reason, we’d certainly say so!”

Ripple On Track to Launch New ODL Corridors

According to a recent article published on Ripple’s official website, where Asheesh Birla, the SVP of Product explained how Ripple is evolving with the shifting global tide, the cross-border payment firm is on track to open new On-Demand Liquidity (ODL) corridors in 2020.

Asheesh Birla wrote:

“Ripple is on track to open new ODL corridors this year and we’re onboarding new customers and working with existing customers to ramp up ODL volume in important corridors including USD-MXN, USD-PHP, AUD-USD and PHP, and from EUR-USD.”

Trade Now

HeraldSheets.com produces top quality content for crypto companies. We provide brand exposure for hundreds of companies. All of our clients appreciate our services. If you have any questions you may contact us easily with Herald Sheets Facebook Messenger App. Cryptocurrencies and Digital tokens are highly volatile, conduct your own research before making any investment decisions. Some of the posts on this website are guest posts or paid posts that are not written by our authors and the views expressed in them do not reflect the views of this website. Herald Sheets is not responsible for the content, accuracy, quality, advertising, products or any other content posted on the site. Read full terms and conditions / disclaimer.

Continue Reading

Previous: Stake Pool Operators Invited As Cardano (ADA) Shelley Public Testnet Scheduled To Open Tomorrow
Next: 800M XRP worth $162,400,000 Moved Out Of Ripple OTC Distribution Wallet in 4 Batches

Related Stories

Bitfinex CTO Reveals El Salvador Will Debut Its Bitcoin Bonds This Summer
3 min read
  • Bitcoin (BTC)
  • Blockchain
  • Crypto Mining
  • Crypto Taxation
  • Crypto Trading
  • Cryptocurrency
  • News
  • Regulation

Bitfinex CTO Reveals El Salvador Will Debut Its Bitcoin Bonds This Summer

March 24, 2023
Crypto Community Rally Behind Coinbase Following SEC’s Enforcement Action 
3 min read
  • Blockchain
  • CBDC (Central Bank Digital Currency)
  • Crypto Trading
  • Cryptocurrency
  • Decentralized Cryptocurrency Exchange (DEX)
  • News
  • Regulation

Crypto Community Rally Behind Coinbase Following SEC’s Enforcement Action 

March 24, 2023
US Is Bracing Up For Crypto Reform Legislation – Former White House Official
3 min read
  • Bitcoin (BTC)
  • Blockchain
  • Cryptocurrency
  • DeFi (Decentralized Finance)
  • News
  • Regulation
  • Web3

US Is Bracing Up For Crypto Reform Legislation – Former White House Official

March 24, 2023

Top 10 Crypto

Name Price24H (%)
bitcoin
Bitcoin (BTC)
$27,749.00
-2.11%
ethereum
Ethereum (ETH)
$1,756.16
-3.57%
tether
Tether (USDT)
$1.01
-0.03%
binancecoin
BNB (BNB)
$322.71
-2.30%
usd-coin
USD Coin (USDC)
$1.01
0.14%
ripple
XRP (XRP)
$0.426537
-4.15%
cardano
Cardano (ADA)
$0.363623
-2.24%
dogecoin
Dogecoin (DOGE)
$0.075620
-2.53%
binance-usd
Binance USD (BUSD)
$1.00
-0.05%
polkadot
Polkadot (DOT)
$6.04
-3.60%

Recent Posts

  • Bitfinex CTO Reveals El Salvador Will Debut Its Bitcoin Bonds This Summer
  • Crypto Community Rally Behind Coinbase Following SEC’s Enforcement Action 
  • US Is Bracing Up For Crypto Reform Legislation – Former White House Official
  • Ark Invest Increases Its Holdings In Coinbase; Purchases $18 Million Worth Of Shares
  • Ex-Coineone Crypto Exchange Employee Faces Jail Sentence Over $1.47M Bribes
  • Majority Of OKB Holders Are In Profits – On-Chain Analysis
  • Fidelity Expands its Crypto Trading Service to Retail Investors Amid Banking Crisis
  • Ethereum Blockchain Introduces New URL Standard as an Alternative to HTTP Protocol
  • Algorand Foundation CEO Gives Reason For Coinbase’s Move To Halt Staking Rewards 
  • Belgium Regulator Sets To Impose New Crypto Ads Rules
  • What is Bitcoin Dominance and Why Does It Matter?
  • NatWest Imposes a Maximum Transaction Limit on Crypto Deposits
  • ChatGPT Lacks The Accuracy Required For Integration Into Security Review Procedure: Coinbase
  • General Bytes Moves to End Cloud Service Using Cryptocurrency ATM
  • Bitcoin Promises to Hit $1 Million with the Help of Central Bank Policies

Categories

You may have missed

Bitfinex CTO Reveals El Salvador Will Debut Its Bitcoin Bonds This Summer
3 min read
  • Bitcoin (BTC)
  • Blockchain
  • Crypto Mining
  • Crypto Taxation
  • Crypto Trading
  • Cryptocurrency
  • News
  • Regulation

Bitfinex CTO Reveals El Salvador Will Debut Its Bitcoin Bonds This Summer

March 24, 2023
Crypto Community Rally Behind Coinbase Following SEC’s Enforcement Action 
3 min read
  • Blockchain
  • CBDC (Central Bank Digital Currency)
  • Crypto Trading
  • Cryptocurrency
  • Decentralized Cryptocurrency Exchange (DEX)
  • News
  • Regulation

Crypto Community Rally Behind Coinbase Following SEC’s Enforcement Action 

March 24, 2023
US Is Bracing Up For Crypto Reform Legislation – Former White House Official
3 min read
  • Bitcoin (BTC)
  • Blockchain
  • Cryptocurrency
  • DeFi (Decentralized Finance)
  • News
  • Regulation
  • Web3

US Is Bracing Up For Crypto Reform Legislation – Former White House Official

March 24, 2023
Ark Invest Increases Its Holdings In Coinbase; Purchases $18 Million Worth Of Shares
3 min read
  • Blockchain
  • Crypto Staking
  • Crypto Trading
  • Cryptocurrency
  • Decentralized Cryptocurrency Exchange (DEX)
  • ETF (Exchange Traded Fund)
  • News
  • Regulation

Ark Invest Increases Its Holdings In Coinbase; Purchases $18 Million Worth Of Shares

March 24, 2023
Copyright © All rights reserved. | DarkNews by AF themes.
  • RelevantRelevant(REL)$0.825.35%
  • TadpoleTadpole(TAD)$7.32-1.74%
  • SEENSEEN(SEEN)$2.05-2.27%
  • EvedoEvedo(EVED)$0.082301-0.80%
  • MarginswapMarginswap(MFI)$0.184213-2.11%
  • SakeTokenSakeToken(SAKE)$0.0127135.28%
  • WTF TokenWTF Token(WTF)$0.0113500.17%
  • BNSD FinanceBNSD Finance(BNSD)$0.005461-5.83%
  • RobotinaRobotina(ROX)$0.00266138.50%
  • CageCage(C4G3)$0.005010-3.67%