Four Powerful Upgrades Coming to XRP Ledger—Full Breakdown

By: crypto news flash|2025/05/16 14:15:04
0
Share
copy
Dynamic NFTs on XRP Ledger are near approval, enabling post-mint updates with just one vote left.Multiple upgrades are underway, but debates grow over priorities like XChainBridge and restricted domain tools.The XRP Ledger is seeing significant changes, as there are currently four upgrades pending approval using the system’s process for amendments. Such adjustments come after the platform’s consensus method uses amendments and has them take effect whenever they get over 80% support from the validators for two weeks running. Once they get approval, the upgrades are permanent and apply to subsequent ledger iterations.Of these upgrades, dynamic NFTs seem closest to passing. According to a tweet from Dr. Artur Kirjakulov, founder and CEO of XPMarket, dynamic NFTs have only one validator vote remaining. Unlike regular NFTs, dynamic NFTs allow for updating data after minting and may be used for applications that require this flexibility.Source: Dr. Artur KirjakulovIn the meantime, the second suggested feature — the multi-purpose token — is picking up steam in the vote. These are a more compact and flexible version of traditional fungible tokens and are simpler to work with using less code. They simplify token creation and allow for more forms of assets to be represented on the ledger.Concerns Over Priorities and Legacy ToolsKirjakulov also spoke to the status of the XChainBridge, an interoperability effort which had been set aside for work on Axelar. While the project was officially shelved, validator votes for it persisted. The executive at XPMarket feels the feature is still necessary and emphasized that the XRPL requires stronger tools.[3/18] — XChainBridge —Status: Voting (new bugfix in v2.2.0)Allows for cross-chain asset transfers across distinct independent ledgers, such as a mainchain (e.g. XRPL) and a sidechain (e.g. EVM-Sidechain).Use Cases:• (w)XRP to be the native asset on a sidechain•... pic.twitter.com/LVvD1NvOSZ— Krippenreiter (@krippenreiter) May 6, 2024One proposition being resisted is the Credentials and Permissioned Domains modification. The change has been controversial, and Kirjakulov himself has criticized it. He regards it as an improper move, stating that resources should be channeled to features that bring developers income-generating opportunities.Another new development was on May 5, when it was announced that the feature, Deep Freeze, would be live. Whilst it does not directly apply to XRP, it provides issuers with increased control over the tokens that they issue. With Deep Freeze, issuers have the ability to freeze certain assets at an account level but still leave the process open and decentralized.XRP Ledger Amendment – DeepFreeze is now activated on the XRP Ledger.DeepFreeze goes beyond normal token freeze, enforcing it on the whole XRPL payment engine – payments, offers, CLOB, AMM.Reminder, it's for issued tokens – NOT XRP!The sudo transaction that activated it pic.twitter.com/62vZS3Ci6h— Vet (@Vet_X0) May 4, 2025Technical Upgrade Set for June ReleaseIn a previous announcement last April, RippleX unveiled plans to make operations more efficient through the reduction of network traffic. A method known as “Squelching” is being discussed for this reason. By restricting the number of peers that send messages from a validator, the method minimizes repetitive traffic. This feature was included in version 2.5.0, which will be released next June.In addition to decreased traffic, the 2.5.0 upgrade will also reduce memory and bandwidth needs for node operators. This will make it simpler for further participants to operate nodes without requiring high-resource machines, further enabling the network to scale.These collective upgrades indicate an effort to make the ledger more usable while having future growth in consideration. We will know over the coming months if validator support mirrors these intentions, particularly as the vote for dynamic NFTs gets close to being finalized.

You may also like

Morning Report | CoinEx becomes a key hub for Iran to evade sanctions, involving over $3.8 billion in funds; Kalshi seeks a new round of financing, with a valuation potentially rising to $40 billion

Overview of Important Market Events on June 25

Why do cryptocurrency projects always like to change their names?

In many cases, the old names of encryption projects have no competitive advantage, only historical baggage.

From the white-haired stock god to the billionaire fund mogul, the smart people shorting Nvidia are all getting rich using the same framework

Give up on heavily investing in Nvidia's "nine major bottlenecks"! This article analyzes the underlying logic behind top AI investors making billions: physical infrastructure such as electricity, HBM, and optical interconnects are the true keys to wealth in AI hardware.

Morning News | The draft amendment to the People's Bank of China Law aims to clarify the legal status of digital renminbi; South Korea will transfer about 40 unregistered virtual asset service providers to law enforcement agencies

Overview of Important Market Events on June 24

The cryptocurrency industry has entered the "Show Me" era: merely relying on vision is no longer enough

The awareness level of the audience in the cryptocurrency industry—including media, institutions, and retail investors—is steadily increasing, and this trend has become a foregone conclusion.

Interpreting the Ethereum Foundation's new structure: Reaffirming self-sovereignty amid institutional trends

The Ethereum Foundation has announced a new five-layer working framework, clarifying the focus of future development and reaffirming its commitment to decentralized core values amidst the wave of institutionalization.

Popular coins

Latest Crypto News

Read more
iconiconiconiconiconiconicon
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:[email protected]
VIP Program:[email protected]