XRP News Today: RippleX Unveils XRP Ledger Version 2.5.0 With Key Amendments

RippleX, the developer support arm for the XRP Ledger, has unveiled version 2.5.0 of “rippled,” its reference implementation for the network. This latest release introduces a suite of amendments designed to enhance the ledger's functionality and governance capabilities. The amendments are now open for voting, requiring support from over 80% of trusted validators to be implemented.

The new amendments include several key updates. “TokenEscrow” enables escrows for IOU and multi-purpose tokens, providing a secure way to manage token transactions. “Batch” allows for the atomic execution of grouped transactions, streamlining the process for users. “PermissionedDEX” introduces regulatory compliance features, allowing decentralized exchange (DEX) operators to control participation and ensure adherence to legal standards.

Additionally, the AMMv1_3 amendment introduces invariant checks for automated market makers, enhancing risk management at the protocol level. This upgrade ensures that important rules are not violated when handling financial transactions. Two long-requested fixes, EnforceNFTokenTrustlineV2 and PayChanCancelAfter, address loopholes around NFTs and expired payment channels. These fixes ensure that NFTs cannot be sent to unauthorized recipients and prevent the creation of old payment channels after their expiration date.

The release also includes improvements to transaction relay logic, network I/O capacity, and multi-signature simulation accuracy. Furthermore, XRPL Commons has been onboarded as a new Bootstrap Cluster, enhancing the network's robustness and reliability. RippleX has urged validators to upgrade to the latest version promptly to maintain service continuity.

This update reflects the ongoing evolution of the XRP Ledger into a more flexible and permission-aware platform. The enhancements cater to both decentralized finance (DeFi) use cases and compliance-conscious enterprise developers, positioning the ledger as a versatile tool for a wide range of applications. The new features and fixes are expected to bolster the ledger's functionality, security, and regulatory compliance, making it an attractive option for developers and users alike.