XRP Ledger New Version
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.
Krippenreiter, a dedicated XRP enthusiast, recently shared details about the latest upgrade to the XRP ledger. The update brings four distinct changes to the ledger and introduces four proposed amendments. According to Krippenreiter, the new version will be available to all node operators by November 13, 2023.
The community member detailed the new API version, APIV2, which offers more functionalities than traditional APIs. This launch includes the introduction of a DeliverMax feature, added error messages, and removed API methods. Additionally, Krippenreiter discussed improvements in Transaction Per Second (TPS) performance and stability, focusing on enhancing consensus stability and implementing asynchronous writing of batches to NuDB.
Other upgrades include bug fixes and refactoring or rewriting of codes to ensure better readability and efficiency.
Voting Opens For Ledger Amendments
Krippenreiter also highlighted a series of proposed amendments for the XRP Ledger that may positively impact the XRPL ecosystem if approved by the community. The first amendment involves bidirectional connectivity to XRPL assets through federated side chains. Another amendment implements a sovereign identity solution on XRPL called decentralized identifiers (DID).
A third amendment seeks to address unexpected behavior of the XRPL payment engine, while the last amendment aims to clarify how authorized trust lines should be established and permitted.
Hot Take: Analyzing The Impact Of The New XRP Ledger Version
The recent upgrade to the XRP Ledger introduces significant changes that enhance functionality, performance, and stability. With new APIV2 features and improvements in TPS performance, this upgrade positions the ledger as a more reliable and efficient platform within the XRPL ecosystem. Additionally, proposed amendments offer promising opportunities for interoperability and identity solutions within XRPL. Overall, these developments are poised to have a positive impact on XRP’s utility and potential use cases in various applications beyond financial transactions.
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