Ripple’s XRPL solution readies for significant upgrade
Ripple’s XRP Ledger (XRPL) is rolling out an upgrade as part of a two-week activation countdown, with backing from over 80% of validators. XRPL is gearing up for new features, and users on the Ripple v1.11.0 or earlier versions are urged to update their software, particularly for the critical fixReducedOffersV1 addressing DEX issues. For the upgrade to get executed, an 80% consensus must be reached within a 14-day period.
According to the XRPL v1.12.0 update, fixReducedOffersV1 upgrade’s goal is to reduce obscured order books caused by reduced offers, thereby improving the overall functionality of the XRPL. This amendment also allows protocol changes with 80% validator support within two weeks, prompting users to upgrade for continued engagement. From the taker’s standpoint, fixReducedOffersV1 can enhance exchange rates on DEXs, making reduced offers more appealing. In September, XRPL rolled out version 1.12.0, featuring significant additions like fixReducedOffersV1. This update not only addressed bugs but also made amendments to the Automated Market Maker (AMM) and Clawback functions.
