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- RippleX announces the release of XRP Ledger version 1.12.0, urging server operators to upgrade by September 20, 2023.
- Three significant amendments introduced: AMM, Clawback, and fixReducedOffersV1, paving the way for improved functionality.
XRP Ledger’s Transformation: Spotlight on New Amendments
In the rapidly evolving landscape of blockchain technology, RippleX, responsible for stewarding the XRP Ledger’s development, recently unveiled a major release. As per their announcement on the X platform (previously known as Twitter), the team introduced the XRP Ledger (rippled server) version 1.12.0, indicating an evolution in its core functionalities.
Key Features and Amendments Unpacked
Beyond the conventional upgrades and bug resolutions, the new version has ushered in three noteworthy amendments: AMM, Clawback, and fixReducedOffersV1. For these to be integrated into the ledger’s protocol, they’ll require more than 80% validator support across a two-week timeframe, as part of the XRP Ledger’s democratic amendment procedure.
- AMM (Automated Market Maker): Venturing into the Decentralized Finance (DeFi) realm, this amendment brings the AMM protocol to the XRP Ledger’s decentralized exchange. With AMM, users are empowered to conduct asset trades without necessitating a counterparty, thereby enhancing liquidity and ease of transactions.
- Clawback: This amendment integrates the “Allow Clawback” feature, enabling issuers to regain or “claw back” tokens they’ve previously issued. Such a mechanism ensures added flexibility and control for token issuers in diverse scenarios.
- fixReducedOffersV1: Specifically targeting the optimization of the trading ecosystem, this amendment mitigates the instances of order books being hindered by diminished offers.
Complementing these amendments are extensive bug resolutions and performance enhancements. Additionally, the Docs and Build System underwent significant refinements. Noteworthy among them are the updates to the latest build dependencies in Conan Center and revisions to checkout versions, eliminating GitHub job warnings.
On The Horizon: Upcoming Initiatives
Peering into the immediate future, RippleX has charted out a roadmap. Central to this is a devnet reset slated for September 19, 2023. For the uninitiated, devnet serves as a testbed, facilitating rigorous testing of new amendments and pre-released code versions. This upcoming reset anticipates a brief devnet downtime, not exceeding an hour.
To further elucidate, Ripple manages a plethora of altnets (alternative networks) like devnet, testnet, and AMM-devnet. Unlike the mainnet, these networks are inherently centralized, steered by Ripple-controlled validators and are periodically reset to accommodate new developments.
