![]() ![]() In the past, there have been doubts regarding the decentralized aspect of the XRPL and the default Unique Node List (dUNL). The system uses a decentralized consensus process in which more than 80% of dUNL validators must show support for two weeks before the change can go into effect. The amendment system provides a way to introduce new functionality to the decentralized XRP Ledger network without requiring approval from a central entity such as Ripple. The validator that was transferred to the nUNL did not vote and has not moved back to the dUNL for ~2 weeks, resulting in the amendment passing the 80% consensus threshold. This eliminates the step of setting up a trust line before receiving a token via a check.īefore the change became active, users had to send a separate “TrustSet” transaction before cashing a check for an issued token.Īs community member “Wo Jake” explained, the amendment will be approved with 27 out of 34 votes on the dUNL, as the list shrunk from 35 validators to 34. The new change customizes the “CheckCash” transaction so that when a check is cashed for an issued token, a trust line is automatically created for the token. The actual movement of funds does not occur until the check is cashed, so the check may fail to clear depending on the sender’s current balance and available liquidity. The sender issues a check for a specified amount, while the recipient must redeem the check to receive the specified amount. It works similarly to personal paper checks. The amendment will adjust the “checks” feature of the XRP Ledger that has been available for two years now. ![]() The “CheckCashMakesTrustLine” amendment will be automatically activated on the XRP Ledger today with a majority of 27 out of 34 votes. The XRP Ledger will see a new amendment go live today, without the explicit approval of Ripple (as always). ![]()
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