The digital payments processing system and the company behind XRP, Ripple is upgrading the functions of the ledger for XRP with the release of the new XRP Toolkit. The toolkit is now available in its beta 0.3.0 version so accessibility and versatility should be improved in the ledger. The launch of the toolkit was revealed through its official Twitter account, in a message with a demonstrative GIF.
The XRP Ledger is the like the back support for the XRP token. Its whole purpose is to use a consensus process which allows for the facilitation of payments, exchanges and remittances. The XRP Ledger determines which transactions are accepted or rejected on their legitimacy. However, with the release of the XRP Toolkit, the ledger has the potential to become so much more. As you can see from the above tweet, the toolkit is an interface to the XRP ledger which enables users to seamlessly access data and look for the information that they require. The toolkit also improves user experience through its interface and improves the transactions for XRP by singing, preparing and submitting transactions. As said by Invest In Blockchain:
“By improving the XRP Ledger, the XRP Toolkit will make XRP more versatile and possibly increase awareness and adoption around the world. It may also encourage experimentation and a deeper understanding of the XRP Ledger.”
Recently stated by a popular community member who began the project for the toolkit, RareData, has said:
“The XRP ledger was built for way more than simply sending and receiving XRP, it features things like a decentralized exchange, issued currencies and escrow transactions for good reasons. The XRP Toolkit project was started to… unlock more of the XRP ledger’s full potential.”
What are your thoughts? Let us know what you think down below in the comments!