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It's Big & Big #alert About $XRP

XRP Ledger Might Soon Level up With New Upgrades: Details

Proposals, discussions and developments on horizon for XRP

XRP Ledger, a decentralized blockchain network powering the XRP cryptocurrency, is poised to undergo significant upgrades, sparking anticipation and excitement within the cryptocurrency community.

New proposals and discussions are now taking place involving Compliance, Smart Contracts, Automation (optional fees), TradFi and DeFi, Expanding features, Sidechains and better user experience (UX). 

With all the proposals, discussions and developments on the horizon, XRP Ledger is set to level up and reinforce its position as a leading player in the digital asset space.

Krippenreiter, an XRP Ledger and DLT researcher, shares an exhaustive list of what is in the pipeline for XRP Ledger.  [1/🧵] The XRP Ledger is about to level up! 🔥 With all of the proposals, discussions, and development going on right now, here is a thorough, high-level summary of what is in the pipeline.

A few of these include DID, which allows for sharing and controlling individual digital identities on the XRPL, while the personal data that links ID is held off-chain. Its use cases include reusable KYC and a permissioned, regulated and compliant DEX. This amendment is currently being voted on, with a new bug fix set to be released in v2.2.0. 

The XChainBridge amendment allows for cross-chain asset transfers across distinct independent ledgers, such as a mainchain, for instance XRPL, and a sidechain, such as an EVM-Sidechain.

Use cases include adding wrapped XRP as a native asset on a sidechain and EVM-Interoperability. This amendment is currently being voted on, with a new bug fix set to be released in v2.2.0. 

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