“The Arrival of rippled v2.0.0: A Game-Changer for XRP Ledger“
The highly anticipated release of the rippled server software version 2.0.0 signals a major milestone in the evolution of the XRP Ledger (XRPL). According to community analyst Krippenreiter, this update will be available to all node operators by November 13, 2023.
New API Version and TPS Performance Boost
One of the central features of rippled v2.0.0 is the introduction of a new API version, which represents a significant shift in the ledger’s operational framework, impacting how requests and responses are processed. Additionally, there is a notable improvement in transactions per second (TPS) performance, with several enhancements aimed at increasing consensus stability and throughput.
Introduction of New Amendments and RPC Method
The update introduces four new amendments, including XChainBridge, a decentralized self-sovereign identity compliant with W3C guidelines, adjustments to trustline settings, and refinements in offer crossing behavior. Furthermore, a new RPC method has been developed to facilitate easier connectivity for software applications within the ecosystem.
GitHub Insights And The Amendment Process
GitHub’s pre-release notes emphasize the significance of api_version 2, improvements in TPS performance, and support for XLS-38 sidechains as key additions to the protocol’s functionality. The governance model plays a critical role in the adoption of these updates, utilizing a consensus process among validators to approve changes affecting transaction processing.
Hot Take
The release of rippled v2.0.0 signifies an important step forward for the XRP Ledger, introducing critical enhancements and new functionalities that pave the way for an interconnected XRPL ecosystem linked by sidechains, forks, and bridges. With these updates, you can expect a flood of new performance enhancements that will shape the future of XRP Ledger.
At press time, XRP traded at $0.649.
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