cryptonews.net
On December 23, a project called XRP Script appeared in the XRP community, the goal of which is to implement inscriptions in the XRP Ledger. The team behind the project said in a statement that the project will start with ledger 84,789,000 and is scheduled to start at 15:00 on December 23 (UTC). The project kicked off, causing market participants to create a ton of “XRP20” inscriptions on XRPL. They did this by trying to record arbitrary data about XRP drops, the lowest XRP value. This was similar to how inscriptions worked on the Bitcoin blockchain using satoshis.
After recording the XRP drops, they then initiated multiple transactions, each containing only low XRP values. This caused the XRP Ledger to become overloaded, a trend seen on other networks that have recently welcomed inscriptions. Thanks to the inscriptions, data from XRPScan, an XRPL observer, showed that daily transactions on the network rose to 4.11 million on December 26, up from the daily average of 1.2 million. Additionally, the number of new accounts activated daily has grown from an average of 2,200 to 20,183. Wietse WIND, Xumm developer and founder of XRPL Labs, commented on the development from a unique perspective. Wietse Wind noted that XRPL is undergoing a stress test due to network congestion caused by inscriptions.
The developer confirmed that the network is experiencing problems with a speed of only 50 transactions per second (TPS), with validators having to take turns validating transactions. Recall that a few months ago, the Ripple development team said that in the latest experiment, XRPL processed 3400 TPS, compared to the previous figure of 1500. However, before this experiment, Ripple CTO David SCHWARTZ refuted earlier claims of 1500 TPS. Schwartz emphasized that they have never seen XRPL handle 1500 TPS on a live network. He added that the network can accommodate between 300 and 500 TPS depending on its current configuration.
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