XRP Ledger upgrade brings back features once pulled over critical bugs
RippleX is preparing to release an upgrade to the XRP Ledger that includes features previously pulled due to security vulnerabilities. The update introduces new functionality for tokenized assets while implementing stricter validation protocols to ensure network security.
Why it matters
The successful deployment of these features is critical for the scalability and institutional adoption of the XRP Ledger's tokenization capabilities.
Jazzi Cooper, head of product at RippleX, said Friday that xrpld 3.3.0 is expected next week carrying Confidential MPT, Batch, Permission Delegation, Sponsored Fees and Reserves, and Dynamic MPT.
XRPL has already proven it can support tokenized assets at scale. Now it’s time to put these assets to use: global transfers, trading, collateralizing, and settling. The upcoming release of xrpld 3.3.0 includes five amendments that move XRPL significantly closer to that goal.…
Amendments are proposed protocol changes that only take effect once at least 80% of trusted validators back them for two consecutive weeks, a threshold designed so the network rather than Ripple decides what ships.
The Batch and Permission Delegation amendments have been through that process before and failed it.
Batch, which lets up to eight transactions across different accounts execute together so that either all succeed or none do, reached its voting phase in February.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in