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CryptoXTimes > Article > News > XRP Ledger Amendments Enter Critical Activation Phase
NewsCrypto

XRP Ledger Amendments Enter Critical Activation Phase

XRP Ledger amendments gain majority support, entering crucial activation phase.

Aima Raza
Last updated: September 14, 2024 6:57 pm
Aima Raza 9 months ago
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XRP Bulls Target $100 Valuation Soon

As important changes get strong support from the validators of the network, the XRP Ledger (XRPL) might soon see major changes. 

Two amendments, fixPreviousTxnID and repair Empty DID, seem to have gained majority approval and started a vital two-week activation period according to recent data. The expected DID (Decentralized Identifier) revision depends on these tweaks.

Another 2 #XRP Ledger Amendments just gained majority at 29 Yes Votes and are now in the 2 weeks activation period!

– fixPreviousTxnID
– fixEmptyDID (important to get in before DID amendment)

Thanks to @arrington and @XrpGoat 🤗 pic.twitter.com/ic8W8XpgIL

— Vet 🏴‍☠️ (@Vet_X0) September 13, 2024

XRP Ledger Amendment Approval Process

With validators voting to accept changes that amendments bring about in transaction processing on the XRPL, An amendment must keep at least 80% approval from reliable validators throughout a two-week period if it is to pass. Should support fall below this level, the amendment is momentarily disapproved upon and the procedure is stopped.

An amendment becomes permanent across all subsequent ledger versions if it maintains more than 80% support during the whole two-week timeframe. Disabling an already passed amendment calls for the introduction of a new one.

Apart from the two adjustments in the activation phase, Mayukha Vadari, a senior software engineer at RippleX, revealed this week the publication of two additional XRPL specs targeted on permissioning and compliance, therefore indicating more ledger enhancements.

📢 Spec announcement! I’ve just published two new XRPL specs focused around permissioning and compliance.

Read the specs to learn more! 🚀https://t.co/ycb4jyGamthttps://t.co/WU68dvQCLF

— Mayukha Vadari (@msvadari) September 12, 2024

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TAGGED: amendments, Cryptocurrencies, XRP, XRPL
By Aima Raza
As a practicing lawyer who focuses on issues related to crypto and blockchain, Aima gives our content a unique legal viewpoint. Because she is so good at navigating the constantly changing regulatory environment, our readers always know about the latest regulations and happenings in the crypto world.
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