Looking for the latest update on Ripple and XRPL? Ripple has recently introduced two exciting features for XRPL (XRP Ledger). Find out everything you need to know about these updates, including their potential impact on the cryptocurrency market. Stay informed and ahead of the curve with the latest news from Ripple and XRPL.
Ripple, the global blockchain technology company, has recently announced an update to the XRP Ledger with the introduction of two new features. The update, known as specification 1.12.0, is currently pending validation from the community.
New Features of the XRP Ledger
One of the new features is the Automated Market Maker (AMM). This feature, which was presented by Ripple’s CTO David Schwartz and Aanchal Malhotra, RippleX’s Head of Research, aims to provide a non-custodial automated market maker as a native feature to the decentralized exchange (DEX), allowing for increased returns and minimized risk of losses due to volatility.
The AMM, specifically specified in XLS-30, has been merged into the latest version of the XRP Ledger’s server software called “rippled.”
The second new feature is known as Clawback. It is described as a “lightweight addition” to the rippled 1.12.0 codebase. The Clawback feature allows for an opt-in capability for newly issued assets to be clawed back through a trustline. However, it is important to note that Clawback only applies to issued assets and cannot be used to claw back XRP.
Approval Process
It is important to understand that these new features will only go live if approved by the validating community. To pass the amendment:
- At least 80% of validators must approve the amendment by updating their vote to “yes.”
- This minimum threshold must be maintained for at least 2 weeks.
If these conditions are met and the new features are approved, the XRP Ledger will benefit from enhanced functionality and increased opportunities for DeFi stakeholders.
For more information on the update and the new features, please visit CryptoPotato.