Key Points:
- XRP Ledger’s 1.12.0 version introduces AMM, Clawback, and fixReducedOffersV1 amendments.
- RippleX urges server operators to upgrade by September 20, 2023, for seamless service.
- Don’t miss the upcoming XRPL devnet reset and its implications for testing new features.
RippleX, the driving force behind XRP Ledger’s evolution, has just unveiled a thrilling development via X (formerly Twitter): The release of XRP Ledger (rippled server) version 1.12.0 is now live.
In a bid to ensure uninterrupted service and the ability to participate in the voting for novel amendments like XLS-30, RippleX is strongly encouraging all XRPL server operators to upgrade to the latest 1.12.0 version by September 20, 2023.
XRP Ledger (rippled server) version 1.12.0 has been released.
If you operate an #XRPL server, upgrade to version 1.12.0 to ensure service continuity and the ability to vote for new amendments such as XLS-30.https://t.co/1J7QYXuPUT
— RippleX (@RippleXDev) September 13, 2023
In a recent blog post, the team highlights the key additions and enhancements in Version 1.12.0 of rippled, which serves as the reference server implementation of the XRP Ledger protocol. This release introduces several new features, addresses known issues, and introduces three new amendments: AMM, Clawback, and fixReducedOffersV1.
These three amendments are now open for voting via the XRP Ledger’s amendment process, which allows for protocol changes following two weeks of garnering more than 80% validator support.
Breaking down the three amendments:
AMM brings the DeFi automated market maker (AMM) protocol to the XRP Ledger’s decentralized exchange, enabling users to trade assets without requiring a counterparty.
The clawback amendment introduces the “Allow Clawback” feature, allowing issuers to recover tokens they’ve previously issued.
“fixReducedOffersV1” addresses the issue of order books getting blocked by reduced offers.
In addition to these exciting updates, the latest release also includes bug fixes and performance enhancements. Notably, the Docs and Build System have undergone significant updates, including the integration of the latest dependencies from Conan Center and updates to checkout versions to resolve warnings during GitHub jobs, among other improvements.
What’s on the Horizon?
As per the XRPL official blog, a devnet reset is scheduled for Tuesday, September 19, 2023. The devnet serves as a testing ground for prereleased code versions with new amendments enabled, allowing diverse stakeholders to test and explore new features.
During this reset, which is managed by RippleX, a brief devnet outage of less than an hour is anticipated. It’s worth noting that Ripple operates several alternative networks (altnets) for various purposes, such as testnet, devnet, and AMM-devnet. Unlike the mainnet, these chains are centralized, with validators under the control of a single entity and are subject to periodic resets.
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