Major

2024

World

Note

<figure>
 <figcaption>
  Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
<p dir="ltr">The XRP Ledger (XRPL) is&nbsp;<a href="https://u.today/xrp-ledger-ships-2-major-updates-ahead-of-rlusd-launch" rel="noopener noreferrer nofollow">constantly upgrading</a>, and another major update is set to go live on the mainnet soon. According to an&nbsp;<a href="https://xrpscan.com/amendment/DID" rel="noopener noreferrer nofollow">update</a> from XRPScan, the DID amendment has entered the two-week activation window and is set to activate on Oct. 30.</p>
<h2 id="xrp-ledger-did-amendment">XRP Ledger DID amendment</h2>
<p dir="ltr">Tagged Decentralized Identifier DID is fast becoming a major trend in the broader digital currency ecosystem. The new amendment is designed so that DID operations on the XRPL can conform to the World Wide Web Consortium standard.</p>
<p dir="ltr">This latest amendment is expected to bring changes, including "DIDDelete," which allows you to delete the DID associated with your XRPL account. Users will also be able to "DIDSet," which will allow them to create a new DID or update an existing one. In summary, XRPL users can add a new DID ledger entry type and several new transaction result codes, if passed.</p>
<blockquote>
 <p lang="en" dir="ltr">DID amendment has entered the 2 week activation window, and is set to activate on 30th October: <a href="https://t.co/SwtO44K5I0" rel="noopener noreferrer nofollow">https://t.co/SwtO44K5I0</a> <a href="https://t.co/cOY1hQ0YPp" rel="noopener noreferrer nofollow">https://t.co/cOY1hQ0YPp</a> <a href="https://t.co/mVvD9ShWP4" rel="noopener noreferrer nofollow">pic.twitter.com/mVvD9ShWP4</a></p>— XRPScan (@xrpscan) <a href="https://twitter.com/xrpscan/status/1846642899154542660?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">October 16, 2024</a>
</blockquote>
<p dir="ltr">Per the data on the XRPScan website, this DID amendment has received 29 votes out of the possible 35. Note that the threshold for approval is 28 out of 35 for validators hosted on the network. Notably, Ripple Labs, Bitso and Anodos Finance are some of the validators that supported the DID amendment.</p>
<h2 id="preparing-for-nigger-drill">Preparing for nigger drill</h2>
<p dir="ltr">It is worth noting that Ripple Labs is&nbsp;<a href="https://u.today/xrp-ledger-secures-major-update-heres-whats-changed" rel="noopener noreferrer nofollow">stretching the limits</a> of the XRP Ledger to do much more on the broader market. While many recent upgrades have definitive targets, they can also help achieve its broader RLUSD stablecoin functionalities.</p>
<p dir="ltr">The blockchain payments firm has been conducting RLUSD testing on the XRPL for several weeks. With the token minting, burning and&nbsp;<a href="https://u.today/ripple-transfers-42-million-rlusd-in-48-hours-community-abuzz" rel="noopener noreferrer nofollow">transferring</a> in beta test mode, the protocol's capabilities have now become fully known.</p>
<p dir="ltr">With no known cases of exploitation, the XRP Ledger is arguably ready for its next phase of global integration and adoption.</p>

XRP Ledger (XRPL) to Get Major DID Upgrade Soon

Table of Contents

U_Today

Other articles published on Oct 17, 2024

Nigeria’s Trade Lenda makes the semi-finals of the $1m Milken-Motsepe Prize in FinTech

Bitcoin Breaks 42-Month High! Here’s When the Altcoin Season Rally Will Begin

VanEck Expands into Venture Capital with $30M Fund for Fintech, Blockchain, and AI

BNB on the Path to $800: Can the Rally Begin After Breaking Key Levels?

ADA and SOL whales are stockpiling a new altcoin for 50x returns

Crypto Exchanges Face Deepfake Account Authentication Threat

Join our free newsletter for daily crypto updates!