#XRP Ledger Set for a Game-Changing Overhaul with 8 Exciting Amendments! 🚀
RippleX, the brainchild behind Ripple Labs, just dropped some huge news that has the XRP community buzzing! 🐝 The upgrade to XRP Ledger’s latest version—rippled v2.3.0—is here, and nearly 80% of servers have already upgraded. This massive update promises 8 groundbreaking amendments that are set to completely transform the network! 🔥
What’s New in XRP Ledger v2.3? 🛠️
So, what can we expect from this latest upgrade? Well, version 2.3.0 isn’t just your average patch; it’s loaded with new features and stability fixes that will take the XRP Ledger to the next level. RippleX is pushing for an urgent upgrade, as any server still running version 2.2.x (or older) will soon be disconnected from the network once the first amendment of 2.3 is adopted. ⏳
Here are the exciting new amendments that are still up for voting: 🗳️
1. XLS-70 Credentials 🔑
This one is big! It introduces the ability to issue Credentials directly on the ledger. What does this mean? Well, it’ll allow for pre-approved incoming payments when using Deposit Authorization! Only those who are authorized by a specific issuer will be able to send payments. This boosts security and control like never before! 🔒
2. XLS-33 Multi-Purpose Tokens (MPTs) 💰
Get ready for a game-changer in institutional DeFi! This amendment introduces a new form of fungible token designed for stablecoins and other institutional use cases. It offers WAY more flexibility in how tokens are issued and managed. Expect to see some big moves in the DeFi space! 🌐
3. XLS-37 AMM Clawback 🔄
Ever needed to claw back tokens from liquidity pools? Well, now you can! The AMM Clawback amendment gives the ability to reclaim tokens under specific conditions, giving users better control and security over their assets. 💸
4. XLS-52 NFTokenMintOffer 🎨
NFT fans, this one’s for you! This feature streamlines the process of minting and listing NFTs in a single transaction. No more waiting around—mint and list in one go! ⚡
5. fixNFTokenPageLinks 🔗
Fixing NFT directories’ missing links and allowing a mechanism to repair corrupted ledger states? Yes, please! This will make NFT management smoother and more reliable. 💎
6. fixEnforceNFTokenTrustline ✅
This fix tackles two bugs related to NFT offers and trust lines, improving the consistency of NFT offers and trust line management. It’s all about stability and efficiency! 📈
7. fixInnerObjTemplate2 🧩
This one’s a technical upgrade that standardizes the enforcement of inner objects across transactions and ledger data. In short, it makes everything more uniform and predictable, which will improve ledger data validation. 📊
8. InvariantsV1_1 (Coming Soon!) ⏳
Although not open for voting yet, this amendment will soon be implemented to ensure that ledger entries owned by deleted accounts are also deleted. A smart step toward tighter security and smoother operations. 🛡️
Goodbye, Old Features 👋
With the new upgrade, some old features are being phased out. History Shards are now gone, and if you need deeper ledger history, you’ll have to switch to a Clio server. Also, Reporting Mode is being discontinued in an effort to streamline the system. 📉
Other Fixes and Enhancements 🔧
Improved configuration options for SQLite database page sizes.
A better library for libxrpl that includes a list of known amendments.
Multiple bug fixes, including for AMM crashes, race conditions, and API inconsistencies.
XRP Price Update 📈
At press time, XRP is trading at $2.30, reflecting the growing confidence in these upgrades and the future of the XRP Ledger! 💥
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This overhaul is truly monumental and could reshape the way XRP operates and scales moving forward. I’m excited to see where this takes the network! What do you
think about the new amendments? Drop your thoughts below! ⬇️
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