RippleX, the development division of Ripple Labs, recently announced that nearly 80% of XRP Ledger (XRPL) servers have upgraded to rippled v2.3.0, the latest software version. This update introduces eight amendments—enhancing functionality, security, and scalability—making it one of the most significant upgrades in XRPL history.
Key Features of XRPL v2.3.0
1. Multi-Purpose Tokens (XLS-33)
- Enables fungible tokens optimized for institutional DeFi (e.g., stablecoins).
- Offers flexible issuance and management for broader use cases.
2. Credentials (XLS-70)
- Introduces ledger-issued credentials to pre-approve payments via Deposit Authorization.
- Enhances security by restricting unauthorized transactions.
3. AMM Clawback (XLS-37)
- Supports clawback-enabled tokens in Automated Market Makers (AMMs).
- Provides safeguards for reclaiming tokens from liquidity pools under predefined conditions.
4. NFTokenMintOffer (XLS-52)
- Streamlines NFT operations by combining minting and listing into a single transaction.
5. Bug Fixes & Stability Improvements
- fixAMMv1_2: Resolves AMM transaction bugs.
- fixNFTokenPageLinks: Repairs corrupted NFT directories.
- fixEnforceNFTokenTrustline: Improves NFT offer management.
- fixInnerObjTemplate2: Standardizes ledger data validation.
Decentralized Governance & Adoption
- Amendments require >80% validator support over two weeks to activate.
- Server operators must upgrade to avoid network disconnection post-adoption.
Deprecated Features
- History Shards: Transition to Clio servers for deeper ledger history.
- Reporting Mode: Removed to simplify system architecture.
Additional Enhancements
- SQLite database page size configurability.
- Libxrpl updates listing known amendments.
- Critical bug fixes for AMM crashes and API inconsistencies.
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XRP Market Update
At publication, XRP traded at $2.30.
FAQs
1. What happens if servers don’t upgrade to v2.3.0?
Older servers (v2.2.x and below) will disconnect once the first amendment activates.
2. How does the clawback feature work?
It allows issuers to reclaim tokens from AMM liquidity pools under specific conditions.
3. Why were History Shards removed?
To reduce complexity; users needing historical data should migrate to Clio servers.
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