David Schwartz, former CTO of Ripple, sparked XRP news headlines as he provided a reality check on widely quoted performance claims of the XRP Ledger. He especially remarked on the network’s theoretical 1,500 transactions per second (TPS) capacity.
XRP News: Ripple CTO Emeritus Clears The Air On XRPL Speed
He responded to Banaxchange media platform’s questions regarding the XRP Ledger’s speed. His comments led to another wave of community discussions after previously dismissing ‘secret plan’ claims around Ripple.
Schwartz clarified that the network’s architecture doesn’t provide a strict limit to the number of transactions that can be submitted at a time.
“There really is no limit to the number that could be handled at once because they could be distributed throughout the various nodes running the software and percolate to the validators over time,” he said.
However, he stressed, this does not map to instant scale processing. With a hypothetical scenario, Schwartz mentioned that “someone dumping, say, a million transactions on the network at once” would take a long time before all the transactions could be confirmed.
In the XRP news today, Schwartz also wrote about the frequently-quoted 1,500 TPS benchmark. He described it as a capability under ideal or “realistic conditions.” On the contrary, he noted that this speed is not indicative of the present state of the live network.
“The technology can ramp up to 1,500 transactions per second under realistic conditions. But the current live deployed network can’t do that,” he stated.
Spam Cautions & The $10,000 XRP Price Controversy
Notably, Schwartz also implied that pushing the network to this throughput nowadays may be counterproductive. He cautioned that the only conceivable means of reaching such levels now, would be by spamming.
In XRP news update, he added, “We really wouldn’t want it to.” Schwartz noted that operational burdens would be increased across the network in case of artificially high load.
According to Schwartz, higher throughput would mean every node must “receive, check the signature, relay, process, store, and report” a massive volume of transactions. It would indeed notably raise costs for participants.
Meanwhile, the Ripple CTO Emeritus is facing heat over his comments on the XRP price. He recently ditched predictions of $10,000 for XRP price in the coming 10 years. He deemed these targets to be unrealistic and dismissed claims of any conspiracy theories.
Source: https://coingape.com/xrp-news-ripple-ex-cto-shares-reality-check-on-xrp-ledgers-1500-tps-speed/
