21.4 C
Amsterdam
8 August 2022
PumpMoonshot
Image default
News

Ripple Reveals Something Important About XRP


A few days ago, it’s been revealed that there’s a new feature on XRPL that Ripple doesn’t seem to like.

Validators on the XRP Ledger voted to adopt a new amendment without support from Ripple.

This amendment crossed the necessary 80% threshold, and if this stays above this threshold for two weeks, it will be activated on the XRPL.

Ripple clarifies the reason for lack of support

Ripple now wants to clarify the reason for which the firm is opposing an XRP Ledger amendment that’s seen as important support from the asset’s community of validators.

As explained previously, the upgrade will allow senders to sign transactions and create virtual checks for particular amounts and destinations as well. The XRP will not be moving until receivers decided to cash them and if the checks fail due to various potential issues, they will remain on the ledger and they will be able to be cashed later.

Ripple’s David Schwartz was asked about the lack of support and he said that the potential costs of this amendment seem to outweigh the limited demand.

He continued and explained:

The feedback received for the answer was a really positive one

News Source



Related posts

Bitcoin Going Under $30,200 May Provoke Further Drop to $20,000: VanEck’s Gabor Gurbacs

PumpMoonshot

EDAG shows the use cases of the IOTA based CityBot at the airport

PumpMoonshot

Prolonged DeFi Slump Impending? Uniswap Volume Drops 83% Since Peak

PumpMoonshot