RippleX, the development wing of a prominent crypto payment company, has recently taken to Twitter to remind the public about the upcoming release of a highly anticipated browser-based wallet for the XRP Ledger, Crossmark.
The motivation behind the innovation was to simplify transaction signing and facilitate network transitions for developers.
While an exact release date has not been disclosed, several noteworthy details have emerged from discussions with developers involved in its creation.
Crossmark is a browser-first digital wallet built on top of the XRP Ledger, providing comprehensive support for native features and transaction types. Users will have the convenience of installing Crossmark as a browser extension on popular platforms such as Chrome, Opera and Firefox.
Crossmark will offer multiple onboarding options, including the generation of new wallets using a mnemonic seed, family seed or secret numbers. Additionally, already existing wallets can be imported through these gateways. A notable feature is compatibility with Xumm, another XRP Ledger wallet, allowing users to monitor their wallet balance and sign transactions using Xumm through the Crossmark interface.
The wallet is also designed to support upcoming sidechains, including the XLS-38d sidechain amendment and XLS-30d native AMM amendment. Developer networks for these amendments have already been incorporated into the wallet, ensuring compatibility and readiness for future advancements.
Crossmark prioritizes the security of users’ secret keys. The wallet will employ locally encrypted storage on the user’s computer, utilizing the same encryption mechanism as Xumm. Additionally, the encryption process combines a six-digit passcode provided by the user with a randomly generated unique identifier.
Ripple Debunks Five Crypto Myths
Ripple clarifies five myths on the path to crypto adoption. The report, titled “5 Crypto Myths No Business Leader Should Believe,” bares five erroneous fallacies about crypto and the present reality.
Ripple begins by sharing a throwback to a historical event that happened in May 2010, when two pizzas were purchased for 10,000 Bitcoin.
Ripple used this illustration to infer that crypto has come a long way, yet common myths persist. Now, about a decade later, the emergence and maturation of crypto and blockchain-enabled assets such as non-fungible tokens (NFTs), central bank digital currencies (CBDCs), stablecoins and others are all primed to affect the future of business, finance and society. Hence, the myths should be dispelled.
Five Myths and reality the first myth Ripple stated was the erroneous belief that “Crypto Is a Fad.” It went on to correct this illusion by stating that, with all the industry noise and recent market turbulence, it is easy to dismiss crypto as temporary.
The second myth is: crypto is risky and volatile. Ripple explained that while cryptocurrencies are subject to market volatility, not all crypto-enabled solutions or digital assets are created equal.
Stablecoins, for example, are pegged to a major currency such as the U.S. dollar, meaning they typically have little-to-no volatility beyond the volatility of the currency to which they are pegged. Ripple dispelled the third myth that crypto is not sustainable by saying it has become clear that crypto can contribute to greater sustainability gains, citing XRPL, which is green by design and is recognized as the first major carbon-neutral blockchain.
The fourth myth Ripple took out was the idea that crypto solutions are complex and difficult to implement. It highlights progress made in this regard and its education efforts, such as the University Blockchain Research Initiative (UBRI).
The fifth myth Ripple tackled was that crypto lacks global regulatory clarity, the attention of XRP and Ripple enthusiast Wrath of Kahneman, who commented: “Wild to see lack of regulatory clarity called a myth.”- source: https://u.today/
