New XRP Ledger Upgrade Goes Live, What’s New?
15 Novembre 2023 - 1:10AM
NEWSBTC
An XRP and crypto enthusiast on X (formerly Twitter) has announced
the launch of the newest version of the XRP Ledger, highlighting
core updates and new functionalities on the upgraded ledger.
XRP Ledger New Version XRP enthusiast, Krippenreiter has released
the latest details on the newly upgraded XRP ledger on an X post on
November 12. The update introduces four distinct changes
incorporated into XRPL’s new version as well as four proposed
amendments for the ledger. Related Reading: Ethereum Spot
ETFs: BlackRock Takes The Fight To SEC With New Filing “A new major
breaking change is on its way to the XRPL ecosystem in the shape of
yet another rippled version update. If all goes as planned, this
new version will be available to all node operators by November 13,
2023,” Krippenreiter stated. The community member described
the new API version, APIV2, which offers more functionalities than
traditional APIs. The launch of API V2 on XRPL will include the
introduction of a DeliverMax feature, added error messages, and
removed API methods. Krippenreiter also described the XRP
ledger’s Transaction Per Second (TPS) performance and stability. He
stated that the new upgrades on this functionality were originally
proposed by MarkTravis15 on X, and incorporated three changes that
may improve the performance of the ledger. These changes
focus on enhancing the consensus stability, implementing
asynchronous writing of batches to NuDB, and introducing periodic
intervals when applying transaction batches. Another
noteworthy upgrade to the XRP Ledger is the introduction of a new
RPC method which allows software apps to effectively connect to a
specific network in the XRPL ecosystem by asking information from
the node. Other changes in the XRP Ledger include bug fixes and
refactoring or rewriting of codes to ensure better readability and
efficiency. Voting Opens For Ledger Amendments While
providing details on updates in the newest version of the XRP
Ledger, Krippenreiter highlighted a series of proposed amendments.
These amendments, if approved by the community and subsequently
implemented, may have a significant positive impact on the XRPL
ecosystem. The first amendment, originally titled federated
side chains, involves bidirectional connectivity to XRPL assets.
This proposal aims to open new routes for interoperability in the
XRP ecosystem using witness servers like Xahau, CBDCL, and others.
Related Reading: Renowned Economist Warns Of Bitcoin Crash Before
Spot ETF Approvals Krippenreiter also described the second
amendment which implements a sovereign identity solution on XRPL
called decentralized identifiers (DID). A third amendment seeks to
address the unexpected behavior of the XRPL payment engine,
providing solutions that appropriately fix the problem. Finally,
the last amendment will help clarify how authorized trust lines
should be established and permitted. This proposal specifically
focuses on situations where the issuer and user enable certain
settings on their accounts. Price begins to recover after dip |
Source: XRPUSD on Tradingview.com Featured image from The European
Business Review, chart from Tradingview.com
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