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 The XRP Ledger (XRPL) is preparing for a significant upgrade as the Decentralized Identifier (DID) amendment is set to go live on the mainnet on October 30.
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According to an <a style="color: #0000ff;" href="https://xrpscan.com/amendment/DID" rel="noopener noreferrer nofollow">update</a> from XRPScan, the DID amendment has entered its two-week activation window. The proposal surpassed the 28-vote threshold required for approval, as 29 out of the 35 network validators supported it. Notable validators backing the upgrade include Ripple Labs, Bitso, and Anodos Finance.
The DID amendment is designed to bring the XRP Ledger (XRPL) in line with the World Wide Web Consortium’s (W3C) standards, which are gaining traction across the broader digital currency ecosystem. Once activated, the update will allow XRPL users to create, update, or delete a DID associated with their account. This will introduce a new ledger entry type and several new transaction result codes to the XRPL.&nbsp;
The DID upgrade is part of <a href="https://defi-planet.com/2024/06/ripple-partners-with-archax-to-boost-xrp-ledgers-dominance-in-rwa-tokenization/" rel="noopener noreferrer nofollow">Ripple </a>Lab’s broader effort to expand the XRP Ledger’s capabilities beyond its traditional scope. In June 2024, the company <a href="https://defi-planet.com/2024/06/ripple-introduces-evm-sidechain-to-enhance-xrp-ledgers-interoperability/" rel="noopener noreferrer nofollow">introduced </a>the XRPL EVM Sidechain, a feature designed to connect the XRP Ledger (XRPL) with Ethereum and other compatible blockchain platforms. The company expects that the new feature will simplify the asset transfer process between blockchain networks and make it more user-friendly for developers and users.
In addition to DID capabilities, Ripple has also <a style="color: #0000ff;" href="https://defi-planet.com/2024/09/ripple-to-introduce-smart-contracts-on-xrp-ledger/" rel="noopener noreferrer nofollow">announced</a> plans to bring smart contracts to the XRPL mainnet, further expanding the ledger’s programmability. This would allow developers to create custom applications that leverage the blockchain’s capabilities.&nbsp;
Meanwhile, <a style="color: #0000ff;" href="https://defi-planet.com/2024/10/ripple-annouces-crypto-exchange-partners-for-its-stablecoin-offering-rlusd/" rel="noopener noreferrer nofollow">Ripple has officially announced its crypto exchange partners</a> for the launch of its new dollar-backed stablecoin, Ripple USD (RLUSD). It began testing on the XRPL and Ethereum mainnet in August 2023. Uphold, Bitstamp, and CoinMENA are among the exchanges announced.&nbsp;&nbsp;
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The post <a href="https://defi-planet.com/2024/10/major-upgrade-for-xrp-ledger-xrpl-as-did-capabilities-launches-october-30/" rel="noopener noreferrer nofollow">Major Upgrade for XRP Ledger (XRPL) as DID Capabilities Launches October 30</a> appeared first on <a href="https://defi-planet.com" rel="noopener noreferrer nofollow">DeFi Planet</a>.

Major Upgrade for XRP Ledger (XRPL) as DID Capabilities Launches October 30

DeFi Planet

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