Potential XRP Ledger Loophole: Ripple Reacts To The Alarm
Ripple’s chief technology officer David Schwartz responds to concerns about a new open-source tool that’s been designed to let people upload files of any size onto the XRP ledger.
A new tool allows uploading files on the XRP ledger
According to the DailyHodl, the tool was released by an anonymous developer.
This uses the fact that when someone is sending XRP they can write a memo that is included with the transaction.
By leveraging this feature, the tool allows users to upload files on the ledger.
Announcing the beta release of IndImm. IndImm, using the IndImm Messaging Protocol(IMP) on top of the #Ripple #blockchain, allows users to upload files of ANY SIZE to the ripple blockchain and exist forever to be downloaded, #Indestructible and #Immutable. #crypto #censorship pic.twitter.com/VCZsrpmNUm
— BlockChan.Link Censor Proof, Crypto Powered Forum (@ind_imm) July 23, 2019
Wietse Wind raises questions about the tool
He addressed the anonymous developer on GitHub.
“I’m worried. I operate a full history node on the XRP ledger. I am very very much afraid of what will happen when your service gets some actual use. It’ll be a matter of time before illegal content will be uploaded,” Wind sais.
He continued and said: “Especially with the hate against the XRP community from [Bitcoin maximalists]. When someone uploads pirated content, or worse: child abuse images, no one would be able to remove that from their full history servers.”
Wietse believes, “That would mean it would become a legal nightmare to run full history nodes, not only for me, but for all XRPL enthusiasts and businesses. I would kindly ask (beg) you to take down the project.”
Other developers believe that this tool could slow down the network.
Schwartz, on the other hand, says he doubts there’s any danger in the short term. He believes that there is not any danger coming from this.
You can check out his complete response via the original article by the Daily Hodl.
Andreas Townsend Author
I am a technical writer, author and blogger since 2005. An industry watcher that stays on top of the latest features, extremely passionate about finance news and everything related to crypto.