1. BITBILIHome
  2. Article

RippleX announces key XRPL upgrade with native AMM and Clawback

• 60 views

TL;DR Breakdown

  • RippleX reveals rippled 1.12.0, the latest XRPL upgrade, featuring two key features—XLS-30 and XLS-39.
  • The AMM feature is expected to simplify digital asset trading and extend the reach of developers into the DeFi sector.
  • Both features are currently in the voting phase, requiring at least 80% approval from the XRPL validator community for two weeks to be implemented.

Description

In a recent forum on X, RippleX, Ripple‘s development arm, announced the latest upgrade to the XRP Ledger (XRPL). Dubbed rippled 1.12.0, this update introduces two key features—XLS-30 and XLS-39. Currently, these features are in the voting phase for integration into the XRPL core protocol. If approved, they will make their debut on the XRPL … Read more

In a recent forum on X, RippleX, Ripple‘s development arm, announced the latest upgrade to the XRP Ledger (XRPL). Dubbed rippled 1.12.0, this update introduces two key features—XLS-30 and XLS-39. Currently, these features are in the voting phase for integration into the XRPL core protocol. If approved, they will make their debut on the XRPL Mainnet.

XLS-30: Native Automated Market Maker (AMM)

First on the list is XLS-30, a feature that brings native Automated Market Maker (AMM) support to the XRPL. Designed to work in conjunction with the XRPL Decentralized Exchange (DEX), this feature aims to simplify digital asset trading.

It will enable users to trade in automated liquidity pools, enhancing market efficiency. Additionally, this feature will extend the reach of developers into the growing DeFi sector. In a previous post, David Schwartz, Ripple’s CTO, expressed his enthusiasm for XLS-30, calling it one of the most exciting features in recent years.

XLS-39: Clawback functionality

Next up is XLS-39, a feature that introduces the Clawback function. This allows issuers of digital assets to reclaim tokens under specific conditions. Initially disabled for regulatory compliance, this feature can be activated but not reversed. The Clawback function aims to safeguard assets, especially when sent to flagged accounts or those involved in unlawful activities.

Before these features can go live, they must be amended. This involves securing a “Yes” vote from at least 80% of the XRPL validator community. Moreover, this approval rate must be sustained for two weeks to ensure widespread consensus.

What lies ahead?

If these conditions are met, XLS-30 and XLS-39 will become part of the XRPL Mainnet. Introducing a native AMM and Clawback feature could mark a significant milestone for the XRPL. These additions have been highly anticipated and will change how digital assets are traded and managed on the platform.

The rippled 1.12.0 update by RippleX is set to introduce noteworthy changes to the XRPL. As the community eagerly awaits the outcome of the voting process, the potential for these features to reshape the XRPL landscape remains high. With enhanced trading capabilities and improved asset security, this update could set new benchmarks for the XRPL and the broader crypto world.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decision.

文章来源于互联网:RippleX announces key XRPL upgrade with native AMM and Clawback

Disclaimers:

1. You are solely responsible for your investment decisions and this info is not liable for any losses you may incur.

2. The copyright of this article belongs to the writer, it represents the writer's opinions only, not represents the site's ones. Not financial advice.

Previous 2023年9月7日 21:52
Next 2023年9月7日 23:06

Related articles

  • Fidelity’s epic move: $13.2b mutual funds for ETFs

    TL;DR Breakdown Fidelity plans to convert six of its mutual funds, totaling $13.2 billion, into ETFs by November this year. The change aims to provide investors with greater trading flexibility, increased transparency, lower expenses, and enhanced tax efficiency. Despite some funds experiencing outflows, others attracted substantial inflows, painting a mixed picture of the current status. Description In a landmark move that echoes the larger currents of change sweeping the investment industry, Fidelity, the financial behemoth, is set to translate a sizable portion of its mutual funds assets—$13.2 billion to be precise—into Exchange Traded Funds (ETFs). This shift, slated for November this year, signals a visionary approach from Fidelity, one that could … Read more In a landmark move that echoes the larger currents of change sweeping the investment industry, Fidelity, the financial behemoth, is set to translate a sizable portion of its mutual funds assets—$13.2 billion to be precise—into Exchange Traded Funds (ETFs). This shift, slated for November this year, signals a visionary approach from Fidelity, one that could redefine the investment landscape while providing compelling benefits to its investors….

    Article 2023年7月8日

  • Coinbase eyes overseas markets amid U.S. regulatory uncertainty

    TL;DR Breakdown Brian Armstrong, Coinbase CEO, discussed the company’s global expansion plans, highlighting 83% of G-20 nations. Armstrong remains optimistic about the U.S. regulatory landscape. On Bitcoin ETFs, Armstrong disclosed that Coinbase is listed as the custodian in several applications. Description Coinbase CEO Brian Armstrong recently joined CNBC’s Power Lunch to discuss the company’s global ambitions. Armstrong highlighted that 83% of G-20 nations adopt or craft cryptocurrency laws. He cited Coinbase’s recent forays into Canada and the launch of an international derivatives exchange as evidence of the company’s commitment to overseas markets. In the face of … Read more Coinbase CEO Brian Armstrong recently joined CNBC’s Power Lunch to discuss the company’s global ambitions. Armstrong highlighted that 83% of G-20 nations adopt or craft cryptocurrency laws. He cited Coinbase’s recent forays into Canada and the launch of an international derivatives exchange as evidence of the company’s commitment to overseas markets. In the face of regulatory hurdles in the U.S., Armstrong remains optimistic. “America is going to get this right,” he assured. He noted that Congress is actively reviewing major crypto…

    Article 2023年9月10日

  • Bitmain’s upcoming ASIC miner sparks frenzy

    TL;DR Breakdown Bitmain’s latest update on its ASIC miner has sparked a lot of discussion in the Monero community. Community reaction and discussions on ASIC resistance. Description Cryptocurrency mining rig manufacturer Bitmain has announced its upcoming release of a specialized machine designed for mining the digital currency Monero (XMR). The newly unveiled mining rig, named the Antminer X5, touts an impressive hashrate of 212 kilohash per second (KH/s). Bitmain claims that this rig is the first of its kind, marking it as … Read more Cryptocurrency mining rig manufacturer Bitmain has announced its upcoming release of a specialized machine designed for mining the digital currency Monero (XMR). The newly unveiled mining rig, named the Antminer X5, touts an impressive hashrate of 212 kilohash per second (KH/s). Bitmain claims that this rig is the first of its kind, marking it as a “professional XMR miner.” Bitmain teases new first-of-its-kind features Bitmain has revealed that the sales for the Antminer X5 will commence on September 4. While the exact price of the rig remains undisclosed, Bitmain has involved its social media followers…

    Article 2023年8月29日

  • Celsius founder gets ready for New York fraud suit

    TL;DR Breakdown Alex Mashinsky, founder of the bankrupt cryptocurrency lender Celsius, must face a New York fraud lawsuit. Justice Margaret Chan ruled Mashinsky defrauded investors by misrepresenting Celsius as safe. Celsius, which had offered up to 17% interest on deposits, had a $1.19 billion deficit before filing for Chapter 11 in July 2022. Description Celsius founder Alex Mashinsky, the once influential chief of the now-defunct cryptocurrency lender, finds himself in the unenviable position of preparing to face a New York fraud lawsuit. The legal storm that has been gathering for months now seems ready to break, with a state court judge ruling that the founder must answer for allegations … Read more Celsius founder Alex Mashinsky, the once influential chief of the now-defunct cryptocurrency lender, finds himself in the unenviable position of preparing to face a New York fraud lawsuit. The legal storm that has been gathering for months now seems ready to break, with a state court judge ruling that the founder must answer for allegations of civil fraud. The case stands as a glaring warning to the broader…

    Article 2023年8月6日

  • Curve hacker returns assets, beginning with $10M in ETH and alETH

    TL;DR Breakdown The individual behind the $61 million asset drain on Curve Finance has begun to return some of the stolen cryptocurrency. Curve Finance, Metronome, and Alchemix offer a 10% bounty as a reward if the attackers return the remaining 90%. Description The individual behind the $61 million asset drain on Curve Finance, a decentralized exchange, has taken steps to return some of the stolen cryptocurrency. On Friday, the perpetrator utilized an Ethereum blockchain transaction to reach out to Alchemix, one of the victims and requested verification of the protocol’s address to facilitate the return of the … Read more The individual behind the $61 million asset drain on Curve Finance, a decentralized exchange, has taken steps to return some of the stolen cryptocurrency. On Friday, the perpetrator utilized an Ethereum blockchain transaction to reach out to Alchemix, one of the victims and requested verification of the protocol’s address to facilitate the return of the assets.  Subsequently, they transferred approximately $10 million worth of ether (ETH) and alETH to Alchemix’s multi-signature wallet through multiple transactions, as indicated by the data…

    Article 2023年8月5日
TOP