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Home»Altcoins»New XRP Ledger Upgrade Goes Live, What’s New?
Altcoins

New XRP Ledger Upgrade Goes Live, What’s New?

2023-11-14No Comments3 Mins Read
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An XRP and crypto enthusiast on X (formerly Twitter) has announced the launch of the latest version of the

XRP Ledger new version

XRP enthusiast, has Krippenreiter issued the latest details on the newly upgraded XRP ledger on an X post on November 12. The update introduces four distinct changes included in the new version of XRPL, as well as four proposed changes to the general ledger.

“Another major, game-changing change is on its way to the XRPL ecosystem in the form of yet another rippled version update. If everything goes according to plan, this new version will be available to all node operators on November 13, 2023,” said Krippenreiter.

The community member described the new API version, APIV2, which offers more functionality than traditional APIs. The launch of API V2 on XRPL includes the introduction of a DeliverMax feature, added error messages, and removed API methods.

Krippenreiter also described the XRP ledger Transaction per second (TPS) performance and stability. He stated that the new upgrades to this functionality were originally proposed by MarkTravis15 on X and include three changes that can improve the performance of the ledger.

These changes are aimed at improving consensus stability, implementing asynchronous batch writing to NuDB, and introducing periodic intervals when applying transaction batches.

Another notable upgrade to the XRP Ledger is the introduction of a new RPC method that allows software apps to effectively connect to a specific network in the XRPL ecosystem by requesting information from the node. Other changes to the XRP Ledger include bug fixes and code rewrites or rewrites to ensure better readability and efficiency.

See also  Bitcoin Bear Case says that the price goes below $ 100,000, but Bulls still has a chance, here is how

Voting opens for ledger changes

While we provide details about updates in the latest version of the XRP ledgerKrippenreiter highlighted a series of proposed changes. These changes, if approved by the community and then implemented, could have a significant positive impact on society XRPL ecosystem.

The first amendment, originally titled federated sidechains, concerns bidirectional connectivity to XRPL assets. This proposal aims to open new routes for interoperability in the XRP ecosystem using witness servers such as XahauCBDCL and others.

Krippenreiter also described the second change which implements a sovereign identity solution on XRPL called decentralized identifiers (DID). A third amendment aims to tackle the unexpected behavior of the population XRPL payment engine, which provides solutions that appropriately solve the problem.

Finally, the final amendment will help clarify how authorized lines of trust should be established and permitted. This proposal specifically addresses situations where the issuer and the user enable certain settings on their accounts.

XRP price chart from Tradingview.com (XRP Ledger Ripple)

Price begins to recover after dip | Source: XRPUSD on Tradingview.com

Featured image from The European Business Review, chart from Tradingview.com

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Ledger Live Upgrade Whats XRP
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