Important Ripple (XRP) Announcement Concerning XRPL

TL;DR
Ripple will reset the XRP Ledger Testnet on August 19, 2024, to improve stability, reduce node operation costs, and enhance security.
Speculations suggest the reset is for testing tokenized US Treasury bills, with Ripple investing $10 million to support this initiative.

‘Attention XRPL Developers’
Ripple’s team revealed that the XRP Ledger (XRPL) Testnet will undergo a reset on August 19, 2024. The procedure will take approximately 15 minutes, during which the Testnet could be unavailable to developers.
“Resets improve the Testnet stability and reduce the cost of running a Testnet node. We’ll provide updates once it’s completed,“ the team stated.
In addition, the company revealed it has focused on other long-term solutions to enhance the ecosystem’s resilience. Some of the key targets include limiting access to Testnet XRP to reduce “network stress,“ doubling down on the security field, and establishing a regular schedule for Testnet resets.
“Reminder:

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