On Wednesday, RippleX launched the new version of XRP Ledger, which includes significant improvements and bug fixes.
Key Changes in the Update
The new version of XRP Ledger offers several substantial changes. One notable amendment is XLS-85, which extends the escrow feature to handle tokens issued by third parties, including stablecoins. Additionally, support for multi-purpose tokens (MPT) designed primarily for institutional use has been introduced.
The XLS-56 amendment allows wrapping up to eight transactions into one wrapper transaction. This is a significant enhancement, as about 30% of multi-step transactions do not go as planned, and the amendment aims to reduce the number of failed flows.
Both amendments were introduced by core contributor Denis Angell, known for his work on the Xahau sidechain project.
Key Bug Fixes
The new version of the XRP Ledger adds invariant checks for automated market maker (AMM) transactions to block any activity that could violate the network's safety rules. XRPL users are now also protected from NFT-related spam, as any interaction with NFTs must be explicitly authorized by the participant. Additionally, a bug fix prevents the accidental or malicious creation of unusable payment channels.
Conclusion on the XRP Ledger Update
The XRP Ledger update version 2.5.0 from RippleX introduces many new features that could greatly enhance the functionality of the network and resolve existing issues. The implementation of new amendments and bug fixes creates a safer and more efficient environment for users.
The XRP Ledger 2.5.0 update demonstrates Ripple's commitment to enhancing its technologies and improving user experience.
