<figure> 
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a> 
 </figcaption> 
</figure> 
<a href="https://twitter.com/RippleXDev/status/1699559394822807994" rel="noopener noreferrer nofollow">RippleX</a>, the team charged with the development of the XRP Ledger, has announced that the XLS-30 AMM spec and the XLS-39 Clawback spec have been integrated into the latest rippled release, version 1.12.0. 
<blockquote> 
 1/ We’re excited to announce that the XLS-30 AMM spec and XLS-39 Clawback spec have merged to the latest version of rippled 1.12.0.<a href="https://t.co/zbg8G4PHsC" rel="noopener noreferrer nofollow">https://t.co/zbg8G4PHsC</a>— RippleX (@RippleXDev) <a href="https://twitter.com/RippleXDev/status/1699559394822807994?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">September 6, 2023</a> 
</blockquote> 
The XLS-30 will introduce a native automated market maker to the <a href="https://u.today/new-xrpl-hackathon-to-commence-here-are-details" rel="noopener noreferrer nofollow">XRPL</a>, which will interface with the existing order book DEX to allow the trading of digital assets in automated liquidity pools and allow developers to reach a larger audience of DeFi stakeholders. 
An automated market maker (AMM) is a protocol for the decentralized exchange (DEX) that uses an algorithm to price assets rather than an order book like traditional exchanges. 
The Clawback feature, a new lightweight addition to the rippled 1.12.0 codebase, will be enabled by XLS-39. If implemented on the XRPL mainnet, Clawback will allow newly issued assets to be "clawed back" via a trustline. 
To bring either feature to the XRPL mainnet, these XLS specs must go through an amendment process, which requires a large majority of the validator community to agree on a proposal. As part of the consensus process, each server on the network independently tallies the votes of the validators it is configured to listen to. 
For an amendment to pass, at least 80% of validators must accept it by changing their vote to "yes," and this minimum level must be maintained for at least two weeks. 
If both prerequisites are met, the amendment proposal will be approved, and a new XLS specification will be implemented on the mainnet. This procedure must be followed for each amendment. 
RippleX engineers recently revealed an important milestone in the development of the XLS-38d cross-chain bridging primitive for <a href="https://u.today/xrpl-this-partnership-connects-xrp-ledger-to-swift-btc-eth" rel="noopener noreferrer nofollow">XRP Ledger</a>, as previously reported. Bishop Fox, a leading blockchain security consultancy, has conducted a thorough security audit of the XLS-38d cross-chain bridging protocol. 
The Ripple engineering team embraced the pertinent information and is working on fixes to provide an effective update in the next rippled release.

XRP Ledger to Get Major Upgrade With Game-Changing Features

U_Today

Other articles published on Sep 7, 2023

Asset Freezing Order Issued Against Former Celsius Network CEO Amidst Legal Troubles

JPMorgan Exploring Blockchain-Based Deposit Token for Payment

Coinbase Layer-2 Network Base Outages for the first time Since Launch

Grayscale’s Legal Tussle and Bitcoin Whales: What’s Shaping the Crypto Market?

Which Gaming Token is the Best To Buy in 2023 – Enjin Coin, Decentraland, or Pomerdoge?

G20 Summit To Address IMF and FSB’s Unified Crypto Regulation Framework

Join our free newsletter for daily crypto updates!