Xahau, a new smart contract sidechain, is set to launch, and as part of efforts to boost interoperability between the XRP Ledger and Xahau, the Chief Technology Officer of XRPL Labs, Richard AH, has proposed making an amendment to XRPL’s mainnet.
A Reversed Burn2Mint Mechanism
In a tweet shared on his X (formerly Twitter) platform, Richard AH noted that XRP’s mainnet doesn’t support reversed Burn2Mint for issued currencies. According to him, if the protocol were to be amended, it would allow any form of wrapped XRP to be moved in both directions (from the XRP mainnet to the Xahau sidechain and back).
Richard further noted that this amendment could also allow the wrapped XRP to be counter-party free if it was “made via a transactor on mainnet.” He stated this proposed move could help make XRP valuable on the Xahau chain.
The Xahau has the XRP+ as its native token, and one way this token is created is by burning XRP on the mainnet and getting the XRP+ in return through the Burn2Mint portal.
Richard’s tweet suggests that there are still interoperability issues between both chains despite Xahau being a fork on the XRP Ledger. For one, the XRP+ token cannot be used on the XRP Ledger even when wrapped.
Since both chains are connected, one will expect that XRP and XRP+ will share the same standard protocol and can be easily moved across the XRP Ledger and Xahua. However, Richard noted that the XRP+ uses the XLS35 standard protocol with “a metadata standard built in,” and this XLS35 protocol isn’t “wanted on mainnet” according to him.
Ripple’s CTO Chimes In
Following Richard’s tweet, Ripple’s Chief Technology Officer David Schwartz
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Author: Scott Matherson
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