The company announced another breakthrough in the development of a highly efficient NFT support system for XRPL. In a recent tweet, the company announced that the development of the new support system has been completed. This follows a proposal called XLS-20 which recommends enabling native NFT support on the ledger.
The test results will be published for public viewing.
To prove its mettle, the company also announced plans to release the test results for the public to see. This places Ripple among the top blockchain technology companies that have taken coding to the next level. A detailed description of testing methodologies and test results can be found here. The descriptions include the testing environment, screenshots of running code, and various test-related workloads (XRP payments, NFT offers, NFT minting, and a combination of payments and offers).
The test involved measuring NFT throughput by creating one million accounts. Each of these accounts was tasked with minting 20 NFTs, bringing the total number of NFTs issued to 20 million. To measure throughput, an offer was created for each NFT, and then it was accepted, and two transactions were made in the process. It was found that the workload was processed within 751 seconds.
Another test was done by mixing XRP payments with NFT offerings and accepting them. This made 4 transactions, 2 XRP payments and a couple of offer and acceptance transactions. The workload took 1064 seconds.
While the good news is high-level XRPL scaling solutions, it remains to be seen how the system will actually perform once fully deployed. However, the Ripple community seems to be happy to welcome NFT support to the system.
As mentioned, XRP will be the native currency for buying or selling NFTs on RXPL, which could greatly increase the coin’s capacity and distribution. XRP has also been adopted on RippleNet, where various financial institutions can initiate a fast and convenient cross-border transfer of funds with XRP as the base currency. Ripple has also been at the forefront of supporting the creation of CBDCs in Europe.
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