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XRP Ledger Plans to Fix Lending Feature Code Before Public Launch

(3 hours ago) · 1 source · Summarized by CryptoBipto

The XRP Ledger development team is reportedly preparing to patch issues in its lending code before the feature becomes available to users. The fix is intended to address problems identified in the code prior to any public deployment of the lending functionality.

WHY IT MATTERS

Think of a blockchain's lending feature like a new ATM being installed at a bank. Before the bank lets customers use it, they want to make sure the machine counts money correctly and does not have any glitches. In this case, the XRP Ledger — the technology behind the XRP cryptocurrency — is building a feature that would let people lend and borrow digital assets directly on the network. Developers found problems in the code (the instructions that make the feature work) and are fixing them before anyone can use it. This matters because bugs in lending code on other blockchains have sometimes led to users losing funds. Catching and fixing issues before launch is generally considered a responsible practice in software development.

The XRP Ledger, the blockchain network associated with the XRP cryptocurrency, has been working on expanding its native capabilities beyond simple payments.

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SOURCES

  • coindesk.com

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