XRP Ledger Releases New Version with Exciting Features
A new version of the XRP Ledger (XRPL) protocol has been released, according to a post on the X app by RippleX. The latest version, 1.12.0, introduces new features, bug fixes, and amendments such as an Automated Market Maker (AMM), Clawback function, and fixReducedOffersV1.
Upgrade Required for Existing Users
If you are already using the XRPL server, it is necessary to upgrade to the latest version by September 20 to ensure uninterrupted service. Upgrading to XRPL v0.12.0 is also a prerequisite for participating in voting for new amendments like XLS-30.
Open Amendments for Voting
Currently, there are three new amendments open for voting through the XRPL’s amendment process. New users only need to install the server to participate in the voting process.
New Features: AMM and Clawback
The introduction of an Automated Market Maker (AMM) protocol in the XRPL’s Decentralized Exchange (DEX) enables asset trading without a counterparty. The Clawback function allows issuers to recover or claw back tokens that were previously issued, but it can only be activated if tokens have been issued and need to be retrieved.
Bug Fixes and Contributors
In addition to new features, some bug fixes were implemented as behind-the-scenes improvements. Around 20 individuals contributed to the release of this version of XRP Ledger.
XRPL Recognized as a Game Changer
The launch of version 1.12.0 comes shortly after XRPL Labs joined the Xahau Ledger, a smart contract sidechain for the XRP Ledger ecosystem. This update is expected to significantly impact the performance of the XRP Ledger, which has already been recognized as a game changer by various projects and institutions like HSBC.
Hot Take: XRPL’s Latest Upgrade Enhances Cross-Border Settlements
The new version of XRPL brings exciting features and improvements that further enhance its capabilities. With XRPL already solving challenges in real-time cross-border settlements, this upgrade is expected to introduce even more functionalities and solidify its position as a leading technology in the field.
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