“XRPL Upgrade: the “fixNFTokenRemint” Amendment“
XRPScan has confirmed that a new XRPL upgrade is on the horizon as the “fixNFTokenRemint” amendment has garnered enough votes to enter the 14-day activation countdown period. With 27 out of 34 possible votes in support, the consensus reached for this amendment is 82.35%, and it is expected to be activated by November 27.
“What is fixNFTokenRemint?“
The fixNFTokenRemint amendment, listed alongside other known amendments on the XRP Ledger, focuses on addressing issues related to Non-fungible Tokens (NFTs). It aims to prevent recurring minting of NFTs with the same sequence number, thus avoiding potential collision scenarios. This amendment also introduces a new account deletion restriction feature.
“Impact of the Upgrade“
Upon passing, fixNFTokenRemint will effectively prevent the minting of NFTs with duplicate sequence numbers. This will be achieved by creating a new “AccountRoot” field and “FirstNFTSequence” that remains constant over time.
“Next Steps and Upcoming Upgrades“
While fixReducedOffersV1 and fixNFTokenRemint have made progress, upgrades such as AMM and Clawback are still open for voting. The XRPL is undergoing significant improvements, with developers urging users to upgrade to the latest version to benefit from new functionalities.
“Hot Take: The Future of XRPL“
The XRPL is evolving rapidly, with ongoing upgrades and improvements aimed at benefiting the community. As new functionalities are introduced, including protocols like Xahau Sidechain, the XRPL continues to make strides in enhancing its capabilities for users worldwide.
Benjamin Godfrey is a blockchain enthusiast and journalist who enjoys writing about real-life applications of blockchain technology. His goal is to educate people about cryptocurrencies and drive general acceptance and worldwide integration of this emerging technology. Follow him on Twitter and Linkedin for more updates.
**Disclaimer: The opinions expressed in this article are those of the author and are subject to market conditions. Conduct your market research before investing in cryptocurrencies. The author or publication does not hold any responsibility for your personal financial loss.**
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