The XRP Ledger (XRPL) is set to receive transformative upgrades via new amendments that represent new features or other changes to transaction processing.
The amendment system uses the consensus process to approve these changes, with validators voting on them. If an amendment achieves more than 80% support for two weeks, it passes, and the change applies permanently to all subsequent ledger versions.
In a recent tweet, Dr. Artur Kirjakulov, CEO and cofounder of XPMarket, detailed four key amendments currently under consideration for voting on. These include dynamic NFTs (dNFTs), which, according to Kirjakulov, require just one more validator vote to pass. Standard NFTs are immutable, and some use cases would benefit from the ability to update the referenced data object after the initial minting of an NFT. Dynamic non-fungible tokens (dNFTs) offer the flexibility required for these use cases.
HOT Stories Breaking: Coinbase CEO Reacts to $20 Million Bitcoin Ransom and Customer Data Attack Coinbase Issues Urgent Notice for Crypto Users: Details US Government Not Selling Bitcoin: White House's Bo Hines 'Ridiculous': Peter Schiff Reveals What's Actually Worse Than Bitcoin
✅Fix amendments have just vent live for #XRPL.
Now, this is the current list of amendments under the vote.
1. dNFT - require 1 more vote to pass
2. MPTs are the next in line by weight.
3. XChainBridge - the initiative has been abandoned in favour of Axelar, but we are still… https://t.co/BbGI5axe0I pic.twitter.com/idLqwmN1Ws
MPTs (multi-purpose tokens) are next in voting weight. Multi-purpose tokens (MPTs) are a more compact and adaptable type of fungible token that allows users to take advantage of ready-to-use tokenization capabilities with just a few lines of code.
You Might Also Like
Thu, 02/20/2025 - 14:55 Crucial Call to Action Issued for XRPL Validators, Here's Why ByTomiwabold Olajide
Kirjakulov feels the XChainBridge is still in play even though the initiative has been officially abandoned in favor of Axelar and that the XRPL community is still voting for it. He highlighted the need for a tool-rich environment, not less.
Fourth, the Credentials and Permissioned Domains amendment has seen opposition from some community members, including Kirjakulov. The XPmarket CEO calls it a wrong priority, stating that the XRPL needs more developer tools that help generate revenue.
XRP Ledger developments
In a May 5 announcement, RippleX stated that Deep Freeze (not for XRP, but for issued assets) is now live on the XRPL. The Deep Freeze amendment (XLS-77d) gives issuers a more powerful tool for freezing assets at the account level while maintaining decentralization and transparency.
You Might Also Like
Fri, 12/27/2024 - 15:50 XRPL Labs Exec Explains Importance of New Amendment ByAlex Dovbnya
In an April post, RippleX stated it was exploring ways to reduce network traffic, lower operational costs and support future growth on XRPL. Squelching is a promising technique that limits the number of peers who relay a validator's messages, resulting in significantly less redundant traffic. It aims to include this approach in the upcoming 2.5.0 release, anticipated for June.
The upcoming 2.5.0 release is also expected to significantly lower memory and bandwidth usage for node operators.
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
