• 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

Chainlink Price Prediction Indicates Slow Growth

chest

Chainlink is expected to experience slow price movement, with predictions extending to 2031.

user avatarKenji Takahashi

Shai Wyborski Declines to Rejoin Kaspa Core

chest

Shai Wyborski, known as Deshe, announces he will not rejoin Kaspa core due to trust issues with its leadership.

user avatarDiego Alvarez

Concerns Raised Over Kaspa Core's Leadership and Ethics

chest

Concerns raised by Shai Wyborski about the leadership and ethical practices of the Kaspa core team, emphasizing the need for transparency and accountability to protect community interests.

user avatarElias Mukuru

TLDRStrategy Maintains Significant Bitcoin Holdings Amid Market Fluctuations

chest

TLDRStrategy holds 762,099 BTC valued at approximately $509 billion, despite facing an unrealized loss of nearly $69 billion.

user avatarMaria Fernandez

BNB Chain Kicks Off AI Sprint with 40,000 Active AI Agents

chest

BNB Chain has launched its AI Sprint with over 40,000 active AI agents and Tether's gold-backed XAUT token.

user avatarGustavo Mendoza

How to Buy Cryptocurrency on Remitano: A Step-by-Step Guide

chest

A simple walkthrough for Nigerian users on how to buy cryptocurrency using the Remitano platform.

user avatarRajesh Kumar

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.