• 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

Upbit Conducts Major Internal Wallet Reorganization of SHIB

chest

South Korean exchange Upbit has reorganized 864 billion SHIB across its internal wallet addresses as part of a standard internal rebalancing process aimed at managing liquidity and security.

user avatarTomas Novak

Avalanche Staking Value Reaches $20.477 Billion

chest

Avalanche's staking value has reached approximately $20.477 billion, indicating strong network participation.

user avatarMaya Lundqvist

Helicon Upgrade Activated on Fuji Testnet

chest

The Helicon upgrade has been activated on the Fuji testnet, marking a significant step in Avalanche's development.

user avatarKaterina Papadopoulou

Avalanche Awards Grant to YourGrails for Tokenization of Physical Trading Cards

chest

Avalanche's Team1 Accelerator awarded a $30,000 grant to YourGrails for tokenizing physical trading cards, supporting the growth of the real-world asset ecosystem.

user avatarLeo van der Veen

Aave Governance Considers Wind Down of Low-Use V3 Markets

chest

Aave governance is reviewing a proposal to wind down six low-adoption V3 markets and offboard dozens of reserves to reduce operational complexity.

user avatarLi Weicheng

Uniswap Introduces New Launches Beta Tab for Enhanced Token Discovery

chest

Uniswap has introduced a new Launches beta tab in its web app to enhance the discovery of new tokens across various launchpads.

user avatarAisha Farooq

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.