The post XRPL Foundation 2.0: RippleX Unveils Decentralized Vision appeared on BitcoinEthereumNews.com.

RippleX has introduced the enhanced XRPL Foundation 2.0 to boost the XRP Ledger. The new body is incorporated in France and has defined operational modalities and governance structure.  Ripple’s backed developer group, RippleX, has unveiled XRPL Foundation 2.0. This new outfit is touted as the latest governance team to promote enhanced collaboration between community members. Organizations, including Ripple, XRPL Commons, XRPL Labs, and XAO DAO, joined forces to launch the new XRPL Foundation. Objectives and Structure of XRPL Foundation 2.0 For context, the XRPL Foundation is a nonprofit organization that supports the XRP Ledger (XRPL), an open-source distributed ledger. The Foundation’s sole purpose is to promote a secure, inclusive, and thriving XRPL community.  CNF reported in August that the Foundation will transition into a new organization. The new entity will seek to promote the uptake of decentralized financial services on multiple ledgers besides XRPL. At the time, the announcement confused the community, with some raising concerns that it could lead to centralization. Ripple has issued a detailed explanation of the new Foundation, its mandate, governance, and structure. According to the details, the new XRPL Foundation filed incorporation documents in France on Tuesday, November 26, 2024. Accordingly, XRPL Foundation 2.0 will function under French laws, with conflicts resolved exclusively by the Paris Court of Appeals. The new XRPL Foundation, in collaboration with @XRPLLabs, Ripple, @xrpl_commons, & XAO DAO (@Wave_of_Innov), is now officially incorporated. Check out the Foundation’s new governance, objectives and how to get involved in the future: https://t.co/oi899mWbq6 — RippleX (@RippleXDev) November 27, 2024 The new XRPL Foundation aims to promote and facilitate a secure, resilient, inclusive, and thriving XRPL community. This would empower users and developers to build decentralized applications, financial tools, and infrastructure confidently. To fulfill its purpose and meet its objectives, the Foundation will focus on core…

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Filed under: News - @ November 28, 2024 3:10 am