Ripple Overhauls XRP Ledger Amid Quantum Threat and Institutional Push

The XRP Ledger is undergoing its most significant overhaul in years, with multiple upgrades aimed at strengthening security, improving lending, and enhancing trading.

Ripple has been working on a step-by-step plan to protect against quantum computers, which could potentially break the code that locks crypto wallets. The company laid out a plan in April, with full quantum readiness targeted for 2028, and it already has test code running on a trial network.

The upgrades also include lending built directly into the ledger, allowing holders to earn interest on their XRP without sending it off to an outside app. Additionally, the trading feature is being changed with an upgraded version of the ledger's built-in exchange that would make trades cheaper and smoother.

Ripple is also incentivizing developers to build live apps on the ledger through a contest called Make Waves, which offers 50,000 XRP to teams that launch working apps over the coming months.