Ripple’s XRP Ledger was additionally stopped on February 4, 2025, and the blockchain stopped on the block peak of 93927174 for 64 minutes. The issue prevented the publication of validations, which precipitated a halt within the community’s operation for some time.
Ripple’s Chief Expertise Officer, David Schwartz, confirmed the halt stating that whereas consensus appeared to be continuing, validations weren’t being revealed and due to this fact the community was shifting aside.
The validators needed to manually take management and select a “rational start line” to convey the community again to regular. RippleX additionally ensured its clients that their funds weren’t compromised through the incident.
Nonetheless, this raised issues of centralization of XRP Ledger as a result of just a few validators would be capable of make alterations to the community. This raised discussions particularly when put next with Ethereum that may be a decentralized community with over a million validators.
After the community’s restoration, XRP worth rose by 3.2% from the 24-hour low of $2.45 to $2.53. This worth motion is in line with the efficiency of XRP for the reason that victory of Donald Trump because the President of america of America because it has risen by 396% since November 5, 2024.
This community halt continues the discussions relating to the XRP Ledger’s centralization and Ripple’s position within the crypto business as its CEO Brad Garlinghouse seeks to have XRP acknowledged as one of many US reserve property.
Additionally Learn: XRP Gains 12% as Crypto Recovers Amid Tariff Tensions
