The XRP Ledger (XRPL) is evolving quickly, and one of its core amendments is going live on-chain. Dubbed theDID amendment, this upgrade might be a game-changer in defusing the complications around decentralized identities in Web3.
XRP Ledger DID amendment: Product of mutual consensus
The DID amendment waslaunched after passing through the two-week-long activation period. Launching this update is best described as a product of mutual validator consensus, with 30 out of the possible 35 voting in its favor.
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Mayukha Vadari, a RippleX developer, explained what this means for the XRP Ledger. He noted that a DID is roughly equivalent to a fingerprint in the real world. Just like fingerprints, DIDs may not be useful on their own but very valuable in other contexts.
A DID is roughly equivalent to a fingerprint in the real world. Everybody has one, and though it doesn’t really do anything on its own, it’s useful in other contexts. For example, it can connect to Verifiable Credentials (VCs) or other data that prove who you are without relying… pic.twitter.com/mFact6pnsR
— Mayukha Vadari (@msvadari) October 30, 2024
With data control, the major challenge in Web3, the concept of DID is one that many protocols, including Cardano, are actively exploring. Getting DIDs on-chain can serve valuable use cases, especially as they are implemented following the World Wide Web Consortium (W3C).
This guarantees their universal reach. Vadari explained that the user can create a DID document and link it to their on-chain DID object on the XRPL. By its design, no other user can forge anyone’s identity.
XRPL’s broad advancement
Over the past year, XRP Ledger has received several updates, including those related to automated market maker (AMM) enhancements.
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Despite these, one of the most anticipated upgrades or product launches on the XRPL is the Ripple stablecoin RLUSD. With no definitive stablecoin on-chain, RLUSD will help turbocharge all liquidity pools on the protocol.
Though the exacttimeline for the launch of RLUSD is unknown, rigorous testing is underway, with millions of the stablecoin minting, burning andtransfers recorded in the past few months. Ultimately, the goal is for XRP Ledger to compete with its rival layer-1 solutions.
