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XRP Ledger has introduced rippled version 2.4.0, a significant update aimed at enhancing security, compliance, and overall efficiency. RippleX announced the release, highlighting a series of new features, bug fixes, and amendments designed to optimize the network. As with previous upgrades, the amendments must secure at least 80% validator approval over two consecutive weeks before activation, ensuring decentralization remains intact.
Key Amendments: NFTs, Compliance, and Security
One of the standout features of this update is DynamicNFT (XLS-46), which allows the minting of mutable NFTs, enabling their metadata (URI) to be modified post-issuance. Another crucial amendment, PermissionedDomains (XLS-80), enhances compliance by restricting domain access within the XRPL ecosystem to align with regulatory requirements.
DeepFreeze (XLS-77) introduces a feature allowing token issuers to freeze specific trust lines, preventing asset transfers for designated holders. Meanwhile, fixFrozenLPTokenTransfer prohibits the movement of liquidity pool (LP) tokens when at least one asset in the pool is frozen. The fixInvalidTxFlags amendment refines transaction flag validation, ensuring proper checks for CredentialCreate, CredentialAccept, and CredentialDelete transactions.
Performance Upgrades and Bug Fixes
Beyond these amendments, the update brings essential performance improvements. A new simulated API method allows developers to execute dry runs of transactions, offering insights into potential outcomes before committing to on-chain changes. The update also strengthens Unique Node List (UNL) security, enabling validators to require multiple UNL publishers for validator agreement, reducing centralization risks.
Several long-standing bugs have also been addressed. Notably, an issue that prevented rippled from building on Windows with VS2022 has been fixed, along with MacOS unit test failures. Additional fixes improve transaction accuracy, preventing past errors like double fee charges and failed inbound ledger acquisitions due to delayed trusted proposals.
With these changes, XRP Ledger continues to make its position in the market, reinforcing security and regulatory alignment while maintaining its decentralized governance model. As the amendments await validator approval, the broader XRP community will be watching closely to see how these upgrades shape the network’s future.
