The post Three Major XRP Ledger Upgrades Go Live: Details appeared on BitcoinEthereumNews.com. Three new amendments have been activated on the XRPL mainnet after a successful 14 day countdown timer in which they held 80% majority support. In a tweet, XRP Ledger blockchain explorer XRPscan outlines these three amendments that have now been enabled on the XRP Ledger mainnet, including amendments fixAMMv1_3, fixEnforceNFTokenTrustlineV2 and fixPayChanCancelAfter. With their activation, all rippled nodes running v2.4.0 and below risk being amendment blocked. What’s new? FixAMMv1_3 adds several fixes to Automated Market Maker code, specifically adding several invariant checks to ensure that AMMs function as designed. It also adds rounding to AMM deposits and withdraws to ensure that the AMM’s balance meets the invariant. On the other hand, fixEnforceNFTokenTrustlineV2 fixes a bug where NFT transfer fees could bypass certain limitations on receiving tokens by preventing an NFT issuer from receiving fungible tokens as transfer fees if the issuer uses authorized trust lines and the NFT issuer’s trust line is not authorized. It also prevents an NFT issuer from receiving fungible tokens as transfer fees on a deep-frozen trust line. Without this amendment, NFT transfer fees could be paid to an NFT issuer, circumventing these restrictions. You Might Also Like FixPayChanCancelAfter amendment prevents new payment channels from being created with a “CancelAfter time” that is before the current ledger. Without this amendment, transactions can create a payment channel whose “CancelAfter time” is in the past. This payment channel is automatically removed as expired by the next transaction. Yesterday, RippleX software engineer Mayukha Vadari hinted at a new spec drop that lays out the life cycle of an XRP Ledger Standards (XLS) process, clarifying categories of standards and establishing editorial responsibilities. This proposal is inspired by Ethereum’s EIP-1 and adapts established standards processes to meet the unique needs of the XRPL ecosystem. Source: https://u.today/three-major-xrp-ledger-upgrades-go-live-detailsThe post Three Major XRP Ledger Upgrades Go Live: Details appeared on BitcoinEthereumNews.com. Three new amendments have been activated on the XRPL mainnet after a successful 14 day countdown timer in which they held 80% majority support. In a tweet, XRP Ledger blockchain explorer XRPscan outlines these three amendments that have now been enabled on the XRP Ledger mainnet, including amendments fixAMMv1_3, fixEnforceNFTokenTrustlineV2 and fixPayChanCancelAfter. With their activation, all rippled nodes running v2.4.0 and below risk being amendment blocked. What’s new? FixAMMv1_3 adds several fixes to Automated Market Maker code, specifically adding several invariant checks to ensure that AMMs function as designed. It also adds rounding to AMM deposits and withdraws to ensure that the AMM’s balance meets the invariant. On the other hand, fixEnforceNFTokenTrustlineV2 fixes a bug where NFT transfer fees could bypass certain limitations on receiving tokens by preventing an NFT issuer from receiving fungible tokens as transfer fees if the issuer uses authorized trust lines and the NFT issuer’s trust line is not authorized. It also prevents an NFT issuer from receiving fungible tokens as transfer fees on a deep-frozen trust line. Without this amendment, NFT transfer fees could be paid to an NFT issuer, circumventing these restrictions. You Might Also Like FixPayChanCancelAfter amendment prevents new payment channels from being created with a “CancelAfter time” that is before the current ledger. Without this amendment, transactions can create a payment channel whose “CancelAfter time” is in the past. This payment channel is automatically removed as expired by the next transaction. Yesterday, RippleX software engineer Mayukha Vadari hinted at a new spec drop that lays out the life cycle of an XRP Ledger Standards (XLS) process, clarifying categories of standards and establishing editorial responsibilities. This proposal is inspired by Ethereum’s EIP-1 and adapts established standards processes to meet the unique needs of the XRPL ecosystem. Source: https://u.today/three-major-xrp-ledger-upgrades-go-live-details