• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

XRP Ledger to receive major updates thanks to new amendments

user avatar

by Giorgi Kostiuk

2 years ago


  1. Amendment Support
  2. Amendment Approval System
  3. New XRPL Specifications

  4. Recently, crucial amendments on the XRP Ledger have received the majority support of validators, which might lead to significant upgrades in the upcoming days.

    Amendment Support

    According to an XRPL dUNL validator known as Vet, two XRP Ledger amendments have recently gained majority support and are now in the two-week activation period. These amendments are fixPreviousTxnID and fixEmptyDID, which are critical before introducing the DID amendment.

    Another two XRP Ledger Amendments just gained majority at 29 Yes Votes and are now in the two-week activation period: fixPreviousTxnID and fixEmptyDID (important before DID amendment). Thanks to Michael Arrington and XrpGoat.Vet

    Amendment Approval System

    Amendments represent new features or other changes to transaction processing. The amendment system uses the consensus process to approve any changes affecting transaction processing on XRP Ledger. To be enabled, amendments must have at least 80% support from trusted validators for two weeks. If support falls below 80%, the amendment is temporarily rejected, and the two-week period begins anew. If an amendment achieves more than 80% support for two weeks, it passes and the change is permanent for all subsequent ledger versions. To disable a previously enacted amendment, a new amendment must be introduced.

    New XRPL Specifications

    Apart from the amendments that have entered the two-week activation period, Mayukha Vadari, a senior software engineer at RippleX, announced the addition of two new specifications to the XRP Ledger this week. In her tweet, Vadari stated she had published two new XRPL specs focused around permissioning and compliance. First, XLS-80d: Permissioned Domains, which is a building block feature aimed at making on-chain permissioning easier to handle, building on top of XLS-70d. Second, XLS-81d: Permissioned DEX — secure and regulated trading environments. Vadari believes these additions will help drive greater flexibility and safety on XRPL.

    Introducing new amendments and specifications to the XRP Ledger could lead to significant improvements in network security and flexibility, positively impacting the entire ecosystem.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Poland's Prime Minister Urges Crypto Regulation Amid Fraud Scandal

chest

Poland's Prime Minister Donald Tusk links the failure to pass crypto regulations to a fraud case involving the Zondacrypto exchange, emphasizing the need for investor protections and regulatory frameworks.

user avatarJacob Williams

ZachXBT Accuses LAB of Insider Trading and Market Manipulation

chest

Crypto investigator ZachXBT accuses LAB of insider trading and market manipulation, claiming insiders control over 95% of the token supply.

user avatarZainab Kamara

Marex Group Boosts XRP ETF Holdings, Stock Surges

chest

Marex Group disclosed a significant position in XRP ETFs, holding 94 million across two funds, leading to a 15% stock increase.

user avatarSon Min-ho

Ethereum Trades at Critical Long-Term Pivot

chest

Ethereum is trading around 2,250, a historically significant price region that has acted as both support and resistance.

user avatarAyman Ben Youssef

Divergence in Ethereum Spot and Derivatives Markets

chest

The Ethereum derivatives market shows signs of growing confidence, contrasting with the turbulent spot market activity.

user avatarTando Nkube

Ethereum Consolidation Amid Significant Capital Movements

chest

Ethereum is currently consolidating between 2,200 and 2,400 as market participants await a decisive break in either direction, with notable capital movements observed on Binance.

user avatarKofi Adjeman

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.