{"id":139600,"date":"2023-09-02T01:18:18","date_gmt":"2023-09-01T19:48:18","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=139600"},"modified":"2023-09-02T01:18:18","modified_gmt":"2023-09-01T19:48:18","slug":"new-proposal-released-on-github-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/new-proposal-released-on-github-crypto-news\/","title":{"rendered":"New Proposal Released on GitHub &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div><a rel=\"nofollow noopener\" target=\"_blank\" class=\"article__lead-img--wrapper\" href=\"https:\/\/u.today\/vladislav-sopov\"><\/p>\n<p><\/a><\/p>\n<div class=\"article__lead-info\"><a rel=\"nofollow noopener\" target=\"_blank\" class=\"article__lead-name\" href=\"https:\/\/u.today\/vladislav-sopov\">Vladislav Sopov<\/a><\/p>\n<p>XRP Ledger might receive completely new standard of on-chain object, i.e., oracle; here&#8217;s why it is not attempt to reinvent Chainlink (LINK)<\/p>\n<\/div>\n<\/div>\n<div>\n<div class=\"article__contents\">\n<p>Contents<\/p>\n<ul class=\"article__contents-list\">\n<li class=\"article__contents-item\"><a rel=\"nofollow noopener\" target=\"_blank\" class=\"article__contents-link link-pseudo\" href=\"#h20\">XRP Ledger might onboard its own oracles, proposal published<\/a><\/li>\n<li class=\"article__contents-item\"><a rel=\"nofollow noopener\" target=\"_blank\" class=\"article__contents-link link-pseudo\" href=\"#h31\">Another Chainlink, another Flare?<\/a><\/li>\n<\/ul>\n<\/div>\n<p>Ripple and XRPL communities are discussing a new development proposal that can be a significant milestone in the progress of XRP Ledger&#8217;s ecosystem of dApps. It can also contribute to bringing &#8220;real-world&#8221; data to the on-chain mechanisms rolled out on top of XRPL.<\/p>\n<h2 id=\"h20\">XRP Ledger might onboard its own oracles, proposal published<\/h2>\n<p>Ripple&#8217;s software engineer\u00a0Gregory Tsipenyuk released a <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/github.com\/XRPLF\/XRPL-Standards\/discussions\/129\">proposal<\/a> dubbed\u00a0<em>0045 XLS-45d Price Oracles<\/em> on GitHub. It suggests introducing native on-chain oracles for XRP Ledger, a veteran decentralized network. Not unlike other blockchains, with these oracles, XRPL is poised to receive &#8220;real-world data, for instance market prices, exchange rates, interest rates, or weather conditions onto the blockchain.&#8221;<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">This was unexpected. \ud83d\ude31<\/p>\n<p>Doesn&#8217;t that completely change how the XRPL-AMM design (G3M) could be upgraded in the future? <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/dexfi_pro?ref_src=twsrc%5Etfw\">@dexfi_pro<\/a><\/p>\n<p>&#8220;Enables the integration of external data (market prices, exchange rates, interest rates) &amp; real-world events into XRPL&#8221;<\/p>\n<p>\ud83d\udd17 <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/7aBkITDJee\">https:\/\/t.co\/7aBkITDJee<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/elIr5nwo00\">pic.twitter.com\/elIr5nwo00<\/a><\/p>\n<p>\u2014 Krippenreiter (@krippenreiter) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/krippenreiter\/status\/1692594631865680221?ref_src=twsrc%5Etfw\">August 18, 2023<\/a><\/p><\/blockquote>\n<p>Technically, it introduces a new on-chain object for XRPL, a <em>PriceOracle<\/em> instance. Tsipenyuk provided a detailed explanation of what it takes to launch and integrate this instance to the blockchain.<\/p>\n<p>It also reconsiders some elements of API stack on XRP Ledger. The developer demonstrated samples of transactions designed to create, delete and update a certain XRPL price oracle.<\/p>\n<p>Should this proposal be approved by the XRPL community, dApps on this blockchain will be able to leverage data from off-chain sources in its business operations.<\/p>\n<p>As covered by U.Today previously, XRPL decentralized oracles were in the focus of the latest Ripple grant program for blockchain developers.<\/p>\n<h2 id=\"h31\">Another Chainlink, another Flare?<\/h2>\n<p>XRPL community enthusiasts are guessing whether this solution is set to replace existing oracles protocols, including the likes of Chainlink (LINK) and Flare Networks (FLR).<\/p>\n<p>At the same time, the new mechanism will be able to collaborate with Chainlink (LINK) instead of replacing it. &#8220;Chainlink&#8221; is demonstrated as a sample for an &#8220;Oracle Provider&#8221; in its design.<\/p>\n<p>First and foremost, the native oracles will be integrated into XRPL-based AMMs. With the new feature, they will easily retrieve accurate pricing from third-party sources, commentators say.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Vladislav Sopov XRP Ledger might receive completely new standard of on-chain object, i.e., oracle; here&#8217;s why it is not attempt to reinvent Chainlink (LINK) Contents XRP Ledger might onboard its own oracles, proposal published Another Chainlink, another Flare? Ripple and XRPL communities are discussing a new development proposal that can be a significant milestone in [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":139601,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-139600","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/139600","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=139600"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/139600\/revisions"}],"predecessor-version":[{"id":147655,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/139600\/revisions\/147655"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/139601"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=139600"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=139600"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=139600"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}