Vet, a validator of the XRP Ledger (XRPL), has close Rumors about Elon Musk’s social network X testing XRP payments.
Vet, a validator of the XRP Ledger (XRPL), has close Rumors about Elon Musk’s social network X testing XRP payments.
The rumor was based on the fact that a transaction labeled “Musk” was recently detected online.
However, as Vet pointed out, no authorization from the famous businessman is needed to tag this account. “I can tag my account as Musk or JPM too. No proof needed,” he added.
In fact, X is expected to launch peer-to-peer payments this year. However, it is unclear whether Musk’s social network will actually support cryptocurrencies. In any case, Dogecoin seems to be the most likely contender, so the idea of XRP being used for payments on X seems extremely far-fetched.
A solution is coming
There is an amendment that is supposed to add Decentralized Identifier (DID) functionality to the ledger. According to Vet, it will solve the problem of impersonalization.
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The amendment, which was developed in accordance with World Wide Web standards and guidelines, will be able to provide users with their own digital identity that will not depend on any centralized authority.
In addition to being decentralized, DIDs are also cryptographically verifiable, meaning they are tamper-proof.
An account holder will be able to generate a DID that will be used to sign digital documents, make transactions and log in to websites.
The identity of an XRPL user would be verified with the help of a DID document that could contain cryptographic public keys. Only those who control the private keys can change the content of the document. Users are discouraged from uploading personal information to these documents.
