XRP Ledger Upgrade Set for November 4 After Validator Support Regained
The XRP Ledger is preparing for a potential upgrade with the fixCleanup3_4_0 amendment, which has regained majority support from validators. This comes after an earlier countdown failed, prompting a reset of the voting process.
As of October 21, the amendment received backing from 32 out of 35 trusted validators, representing 91.43% support. The earliest possible activation date for the amendment is now set for November 4, contingent on sustained support from the validators.
The amendment aims to implement a series of technical fixes that enhance various features of the XRP Ledger, including vaults, lending, automated market makers, and trust lines. Notable changes include more precise vault rounding and adjustments to loan default conditions.
It is important to note that the amendment requires continuous support from over 80% of trusted validators for a two-week period. If this support falters, the waiting period resets, meaning the November 4 date is not guaranteed. The decision-making process is governed by consensus among validators, and the visible support is crucial for maintaining the required network backing.
As the community awaits the outcome, the next critical step will be to ensure that the majority support remains intact throughout the designated window.
FAQ
What is the purpose of the fixCleanup3_4_0 amendment for the XRP Ledger?
The fixCleanup3_4_0 amendment aims to implement a series of technical fixes that enhance various features of the XRP Ledger, including vaults, lending, automated market makers, and trust lines.
What percentage of validators currently support the amendment?
As of October 21, the amendment has received backing from 32 out of 35 trusted validators, representing 91.43% support.
When is the earliest possible activation date for the amendment?
The earliest possible activation date for the amendment is set for November 4, contingent on sustained support from the validators.
What happens if the support for the amendment drops below 80%?
If the support drops below 80%, the waiting period resets, meaning the November 4 activation date is not guaranteed.
How is the decision-making process for the amendment governed?
The decision-making process is governed by consensus among validators, and visible support is crucial for maintaining the required network backing.
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