• 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

a year 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

Chainlink Reserve Adds 87K LINK, Nears 1M Milestone

chest

The Chainlink Reserve has boosted its total LINK holdings to over 973,000 tokens, signaling strong confidence in the project's future.

user avatarJacob Williams

Bitcoin Options Open Interest Reaches New Heights Amid Market Volatility

chest

Recent data shows that the Bitcoin-denominated Options Open Interest has surged to a new all-time high, reflecting increased activity in the options market as investors reposition themselves amid market volatility.

user avatarZainab Kamara

GaiAI Launches Decentralized Agent Network

chest

GaiAI is creating a decentralized network that empowers users with real ownership and control over AI agents.

user avatarSon Min-ho

Deribit Emerges as Central Hub for Crypto Options Expiry

chest

Deribit, co-founded by CEO John Jansen, is a key player in the upcoming options expiry event, holding over $5 billion in Bitcoin and Ethereum options set to expire on November 14, 2025.

user avatarAyman Ben Youssef

Funding Data for LTC Remains Balanced Amid Market Conditions

chest

Funding data for Litecoin (LTC) remains balanced with rates close to zero, indicating a stable leverage environment for traders despite a mid-October spike.

user avatarTando Nkube

LTC Stabilizes Near Mid-80 Zone After Extended Weakness

chest

Litecoin (LTC) shows signs of stabilization near the mid-80 zone after an extended period of weakness, with traders monitoring short-term developments.

user avatarSatoshi Nakamura

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.