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 <p class="is-style-lead">Ripple’s XRP Ledger (XRPL) is rolling out an <a rel="noopener noreferrer nofollow" title="upgrade" href="https://thebittimes.com/tag/upgrade.html">upgrade</a> as part of a two-week activation countdown, with backing from over 80% of validators.</p>
 <p class="is-style-default">The amendment aims to reduce obscured order books, improving XRPL’s overall functionality.</p>
 <h2 class="wp-block-heading" id="xrpl-introduces-fixreducedoffersv1">XRPL introduces fixReducedOffersV1</h2>
 <p>XRPL is gearing up for new <a rel="noopener noreferrer nofollow" title="Category Features" href="https://thebittimes.com/features.html">Features</a>, and users on the Ripple v1.11.0 or earlier versions are urged to update their software, particularly for the critical fixReducedOffersV1 addressing DEX issues. For the <a rel="noopener noreferrer nofollow" title="upgrade" href="https://thebittimes.com/tag/upgrade.html">upgrade</a> to get executed, an 80% consensus must be reached within a 14-day period.</p>
 <p>According to the XRPL v1.12.0 update, fixReducedOffersV1 upgrade’s goal is to reduce obscured order books caused by reduced offers, thereby improving the overall functionality of the XRPL.</p>
 <p>This amendment also allows protocol changes with 80% validator support within two weeks, prompting users to <a rel="noopener noreferrer nofollow" title="upgrade" href="https://thebittimes.com/tag/upgrade.html">upgrade</a> for continued engagement. From the taker’s standpoint, fixReducedOffersV1 can enhance exchange rates on DEXs, making reduced offers more appealing.</p>
 <p>Without these amendments, reduced offers may have unfavorable rates, hindering decentralized brokerage platforms on XRPL.&nbsp;</p>
 <p>In September, XRPL rolled out version 1.12.0, featuring <a rel="noopener noreferrer nofollow" title="significant" href="https://thebittimes.com/tag/significant.html">significant</a> additions like fixReducedOffersV1.&nbsp;This update not only addressed bugs but also made amendments to the Automated Market Maker (AMM) and Clawback functions. Users were urged to update by Sept. 20 to ensure a smooth experience and participate in the voting process for new amendments like XLS-30.</p>
 <p>The XRPL version 1.12.0 is a substantial milestone in the evolution of the XRP Ledger. With key <a rel="noopener noreferrer nofollow" title="Category Features" href="https://thebittimes.com/features.html">Features</a>, amendments, and security enhancements, it solidifies its standing as a prominent decentralized public blockchain.</p>
 <p>The XRPL has seen substantial improvements both internally and externally, fostering a positive outlook. The successful security audit of the Xahau sidechain further enhances XRPL’s prospects.</p>
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 <h2 class="wp-block-heading" id="the-xrpl-evm-sidechain-update">The XRPL EVM sidechain update</h2>
 <p>At the recently concluded Apex 2023 conference, discussions centered around the EVM sidechain update for XRPL, signaling ongoing developments and enhancements within the XRPL ecosystem.</p>
 <p>The XRP Ledger Foundation shared updates, providing insights into the progress and future direction of XRPL, notably the EVM sidechain update.&nbsp;</p>
 <p>Discussions delved into the development phases of this sidechain, highlighting phase two, which introduces a permissionless EVM sidechain and bridge with a unique design for developers seeking cross-chain interoperability.&nbsp;</p>
 <p>The XRPL community, actively engaged in the conversations, demonstrated a keen interest in testing the EVM sidechain on the XRPL Devnet, emphasizing the collaborative and innovative nature of the XRPL ecosystem.</p>
 <figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio">
  <div class="wp-block-embed__wrapper"><iframe title="The Future Outlook of the XRPL with David Schwartz at Apex 2023" width="1020" height="574" src="https://www.youtube.com/embed/L8qLbYE5UqE?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe>
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  </svg> <span class="cn-block-related-link__prefix"> Read more: </span> Xrp ledger records significant growth in the first quarter&nbsp;
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/ripple-s-xrpl-solution-readies-for-significant-upgrade-tbt70010.html">https://thebittimes.com/ripple-s-xrpl-solution-readies-for-significant-upgrade-tbt70010.html</a></p>

Ripple’s XRPL solution readies for significant upgrade

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