XRP Ledger has taken a major step forward with the release of rippled version 2.4.0. RippleX announced this update, emphasizing its focus on security, compliance, and efficiency. As with previous upgrades, these amendments require at least 80% validator approval over two consecutive weeks before activation. This process ensures that decentralization remains intact while enhancing the network’s performance.
DynamicNFT (XLS-46) Unlocks New NFT Possibilities
The most anticipated amendment, DynamicNFT (XLS-46), allows the minting of mutable NFTs. This feature enables creators to modify metadata after issuance, making NFTs more flexible. Artists, developers, and businesses can now update their digital assets post-minting. The ability to refresh metadata enhances the utility of NFTs in gaming, real estate, and collectibles.
PermissionedDomains (XLS-80) Enhances Compliance
Regulatory compliance remains a top priority for XRP Ledger. The PermissionedDomains (XLS-80) amendment strengthens compliance by restricting domain access within the XRPL ecosystem. This measure ensures that businesses and users align with regulatory requirements while maintaining security. The introduction of PermissionedDomains marks a significant step in making XRPL a more trusted and compliant blockchain network.
DeepFreeze (XLS-77) Gives Issuers More Control
The DeepFreeze (XLS-77) amendment empowers token issuers with the ability to freeze specific trust lines. This feature prevents asset transfers for designated holders, providing issuers with greater oversight. DeepFreeze enhances compliance and protects against unauthorized transactions. This amendment adds an extra layer of security for businesses managing digital assets on XRP Ledger.
Fixing LP Token Transfers and Transaction Flags
The latest update introduces fixFrozenLPTokenTransfer, preventing liquidity pool (LP) token transfers when at least one asset in the pool is frozen. This ensures stability within liquidity pools and maintains proper asset management. The fixInvalidTxFlags amendment improves transaction flag validation, ensuring accuracy for CredentialCreate, CredentialAccept, and CredentialDelete transactions. These refinements enhance XRPL’s overall reliability and transaction integrity.
Performance Upgrades Strengthen the XRPL Network
Rippled 2.4.0 does more than introduce new features; it significantly enhances network performance. Developers now have access to a new simulated API method, allowing them to execute dry-run transactions. This feature helps developers predict transaction outcomes before committing changes to the blockchain. Enhanced Unique Node List (UNL) security further strengthens the network by requiring multiple UNL publishers for validator agreement. This reduces centralization risks and fortifies XRPL’s decentralized governance model.
Bug Fixes Improve Stability
The update addresses several long-standing bugs that previously affected XRPL’s performance. Developers resolved an issue that prevented rippled from building on Windows with VS2022. They also fixed MacOS unit test failures, ensuring smoother development across platforms. Additional fixes eliminate double fee charges and improve inbound ledger acquisition accuracy. These improvements enhance network efficiency and provide a more seamless user experience.
What’s Next for XRPL?
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As validators review these amendments, the broader XRP community watches closely. If validators approve the changes, XRPL will gain stronger security, compliance, and NFT capabilities. These improvements reinforce XRP Ledger’s market position and strengthen its long-term adoption. The community anticipates how these upgrades will shape the future of digital assets on the XRPL ecosystem. The ongoing commitment to innovation ensures that XRP Ledger remains a key player in the evolving blockchain landscape.
