Ripple's XRP Ledger Suffers Rare 64-Minute Outage, Sparking Reliability Concerns

The XRP Ledger, a decentralized blockchain network developed by Ripple, experienced a rare outage on Tuesday, causing a 64-minute halt in network production. The disruption, which occurred at leger height 93,927,173, raised concerns among the cryptocurrency community about the stability and reliability of the XRPL compared to other blockchain networks.

The outage, which was brief, still caused some critics to question the dependability of the XRP Ledger as a platform for financial transactions. They argued that any interruption, no matter how short, could have serious consequences for businesses and developers relying on the network for their services. However, proponents of the XRP Ledger quickly defended the network, stating that outages, while rare, do happen in the blockchain space. Ripple's Chief Technology Officer, David Schwartz, reassured users that the issue was fixed and the network was running smoothly again, with no funds lost during the downtime.

The cause of the issue is still being investigated, and Ripple's team is working to understand and fix any problems that may have caused the temporary disruption. Meanwhile, crypto enthusiasts will closely watch how XRPL handles such incidents as it continues to develop.

In other news, David Schwartz defended the XRP Ledger in an online debate against those who called it a "zero-sum game." Schwartz underlined that customers gladly pay transaction fees in exchange for the beneficial services provided by the XRPL, emphasizing its function in supporting several financial operations and enabling effective asset transfers. This explanation highlights the benefits of the XRPL in addition to value transfer, presenting it as a strong foundation for several financial activities.

Separately, David Fueling, a renowned engineer connected to RippleX, suggested changes to the XRPL Foundation's (XRPLF) governance framework. Fueling's plan aims to advance democratic and decentralized procedures within the foundation, aligning with the expanding acknowledgment of the XRPL network's architecture by different protocols. Notably, the XRP Ledger recently closed its 86 millionth ledger, with the current ledger index provided by XRP Ledger Services at 86,201,363, indicating continued activity and ledger expansion.