Ripple has put forward a proposal for a major XRP ledger upgrade. The company says that this proposal could catapult decentralized finance (DeFi) and smart contracts across the XRP platform.
It hopes to achieve this without discounting on XRPL’s efficiency. For this purpose, Ripple will be making use of federated sidechains, as stated by David Schwartz, the company’s CTO. In a post on Ripple’s official blog, he explained that federators are pieces of software to operate validators on at least one sidechain. Moreover, the sidechains can operate as their own bloc…
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Source: Cryptocurrency - investing.com
