In a rare explosion of the actual time storm on X, the chief technology official in Ripple David Schwartz I dropped two potential promotions to how Blockchain networks – especially the Professor XRP book – managed transactions. The conversation, which has sparked inputs of developers, users and the theorists of the protocol, revolves around improving fairness and efficiency without compromising unanimity or performance.
Currently, Professor XRP book fees are dynamic but not recovered – pay to enter, and anything you offer above the minimum required is burned, even if this is not necessary. This has raised continuous questions about excessive payments, fairness and incentive design.
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The Square I proposal suggests calculating the actual graphics necessary to obtain another treatment in the professor’s book after reaching the consensus. Any user pays more than that will get a team discount. This approach will preserve the incentives alignment with ensuring that users do not punish higher bids frankly to ensure their inclusion.
However, Schwartz pointed to the challenge: obtaining all auditors to agree on the postpartum threshold without risking the difference. He believes that it is solution with some modifications at the protocol level, but it will not be trivial.
Nothing is perfect at all
His second idea is just calculating the intermediate fees for all acceptable transactions for each professor’s book and recovering anything he pays. It is easier to put it into effect, but it can still pay excess amounts if everyone suffers from their willingness to pay.
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“Everyone flourishes. This is not perfect,” Schwartz wrote. The idea is to allow users to disclose their maximum price without the need to guess the minimum, and without losing money because it is honest.
There is no official road map to implement any of the two systems yet, but the open discussion shows that the Ripple leadership is actively looking into better drawing models.
