The head of the “Hooks” task on the XRP Ledger and an experienced developer, Richard Holland, outlines one idea that has the potential to alter the perception of XRPL’s scalability and cross-network interoperability. Additionally, it can deal with the block capacity issue, which is a major barrier to everyone scaling development in mainstream L1s.
From cross-chain to inter-chain: What is burn-to-mint in XRPL?
The connection between XRPL-based blockchains can now be more frictionless than ever thanks to the Burn2Mint (B2M) protocol, which is enabled by “proof-of-payments” technology, or XPOP. To prove that the asset is destroyed on one chain before being replicated on another, it developed a cryptographic proof.
In a recent post on the potential and challenges of expanding the XRP Ledger, Holland provided this justification. This idea assures safe and unrestricted value movement between networks and stops users from deceiving them.
Therefore, “Mutual burn2mint” is crucial for cross-blockchain interactions. However, it is also crucial for XRPL scalability since it enables the ecosystem of linked networks to take the role of a “single” blockchain’s processing resources.
This thus opens doors for a later stage of blockchain development, or the so-called “interchain”:
If a collection of blockchains were to collaborate via mutual B2M, as opposed to a group of computers, this would result in an Interchain.
As previously reported by U.Today, XRPL’s XPOP may be utilised to start off-chain transaction instruments.
Interoperability discussion in XRPL community gains traction
Holland emphasised that, in contrast to conventional scaling models with rollups, payment channels, and other features, this style of connection provides the door for “horizontal” scalability. Therefore, several blockchains that resemble XRPL can coexist within the context of a “more decentralised version of blockchain.”
The debate around XRP Ledger and its associated blockchains’ cross-chain potential has picked more steam in recent weeks. On June 1, 2023, XRP proponents talked about how valuable XRP is in this industry.
The main issue that worries developers and users is the requirement for numerous XRP-based synthetic assets to function simultaneously on different networks.
