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Ripple XRP news

XRP Ledger Set For A Major Overhaul With 8 Amendments

Jake Simmons
by Jake Simmons
Last Updated: January 10, 2025 9:00 pm
·
Posted in XRP
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

RippleX—the development arm of Ripple Labs—announced earlier today that nearly 80% of servers have already upgraded to the latest version of the XRP Ledger software, rippled v2.3.0. This update, poised to bring eight new amendments, marks one of the most comprehensive overhauls of the ledger to date.

XRP Ledger V2.3

In a post shared on X (formerly Twitter), RippleX stated: “Upgrade to XRPL v2.3.0. We’re nearing 80% of servers upgraded! … Once the first 2.3 amendment is adopted, all 2.2.x and older servers will disconnect from the network.”

According to official documentation on the XRPL Blog, version 2.3.0 of rippled delivers not only novel features—such as Multi-Purpose Tokens (MPTs), Credentials, and Clawback support for Automated Market Makers (AMMs)—but also a critical set of stability fixes. RippleX has urged server operators to upgrade “as soon as possible” to avoid disruption.

Related Reading: XRP Price Could Crash By 73% If This Happens, Says Crypto Analyst

The upgrade introduces eight amendments that are still open for voting, reflecting the XRPL’s decentralized governance model. Under this model, an amendment must receive more than 80% support from trusted validators over a period of two weeks before it is adopted. The new features and fixes include:

XLS-70 Credentials: This amendment “introduces the ability to issue Credentials on the ledger and use these Credentials to pre-approve incoming payments when using Deposit Authorization.” Operators can create a DepositPreauth object linked to a particular issuer, and only those “authorized by the specified issuer (and get credentials from them) will be allowed to send the payments.”

XLS-33 Multi-Purpose Tokens: This feature establishes a new form of fungible token optimized for institutional DeFi, such as stablecoins. It is designed to expand use cases by offering more flexibility in how tokens are issued and managed.

XLS-37 AMM Clawback: Designed to facilitate clawback-enabled tokens within the AMM ecosystem, this amendment provides “appropriate guardrails” for those who need the option to reclaim tokens from liquidity pools under specific conditions.

XLS-52 NFTokenMintOffer: This allows creating an NFT sell offer as part of minting a new NFT. By combining minting and listing into a single transaction, the ledger aims to streamline NFT-related operations.

Related Reading: XRP ETF Expected To Come ‘Very Soon’, Says Ripple President

fixAMMv1_2: Addresses “two bugs in Automated Market Maker (AMM) transaction processing.” This ensures more robust behavior when executing AMM-related transactions.

fixNFTokenPageLinks: Remedies an issue “that can cause NFT directories to have missing links” and introduces a transaction mechanism to repair any corrupted ledger state.

fixEnforceNFTokenTrustline: Fixes “two bugs in the interaction between NFT offers and trust lines,” improving NFT offer management and trust line consistency.

fixInnerObjTemplate2: Standardizes “the way inner objects are enforced across all transaction and ledger data.” This creates greater uniformity and predictability in ledger data validation.

In addition, there is a partially implemented amendment named InvariantsV1_1, which is not open for voting yet. Its initial focus is on ensuring that “ledger entries owned by an account are deleted when the account is deleted,” among other upcoming safeguards.

The new version also discontinues certain features. istory Shards have been removed, with RippleX advising that those needing deeper ledger history should transition to a Clio server.
Reporting mode is also removed, as part of ongoing efforts to streamline the system.

Further improvements include “allowing configuration of SQLite database page size” and a library enhancement for libxrpl to “provide a list of known amendments.” Multiple bugs—ranging from AMM crash scenarios and race conditions to inconsistencies in certain API methods—are also addressed.

At press time, XRP traded at $2.30.

XRP price
XRP price, 1-week chart | Source: XRPUSDT on TradingView.com
Featured image created with DALL.E, chart from TradingView.com
Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
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Jake Simmons

Jake Simmons

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Jake Simmons has been a Bitcoin enthusiast since 2016. Ever since he heard about Bitcoin, he has been studying the topic every day and trying to share his knowledge with others. His goal is to contribute to Bitcoin's financial revolution, which will replace the fiat money system. Besides BTC and crypto, Jake studied Business Informatics at a university. After graduation in 2017, he has been working in the blockchain and crypto sector. You can follow Jake on Twitter at @realJakeSimmons.

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