XRP Upgrade To Implement This New Feature
Ripple is working hard these days to boost the whole XRP ecosystem, but also to promote the mainstream adoption of the digital asset XRP.
Both entities are successful these days, despite the global crisis in the middle of which we are due to the coronavirus pandemic.
Also, it’s been recently revealed that Ripple is pro-regulation of XRP and cryptos.
This time, there seems to be a new feature that will be implemented on the XRP Ledger that will not have the support of XRP, according to the latest reports.
New feature for XRP without Ripple’s support
Validators on the XRP Ledger voted to adopt a new amendment without support from Ripple.
This amendment crossed the necessary 80% threshold, and if this stays above this threshold for two weeks, it will be activated on the XRPL.
Ripple is holding six out of the seven nays.
According to info coming from the Daily Hodl, the upgrade will allow senders to sign transactions and create virtual checks for particular amounts and destinations.
It’s important to note the fact that XRP will not move until receivers decide to “cash” them.
— Alloy Networks (@alloynetworks) June 3, 2020
“If the checks fail – due to potential sender issues like insufficient balance or liquidity – they will remain in the ledger so they can be cashed later,” the online publication writes.
This new feature gained momentum when the XRPL validator Alloy Networks removed its veto vote on June 2nd – this basically means that the feature was one “yea” short of crossing the threshold.
In terms of pricing, XRP is trading in the red at the moment of writing this article. Ripple’s coin is currently priced at $0.203289.
The digital asset is down by more than 0.15% in the past 24 hours and it’s placed on the 4th position on CMC.
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Andreas Townsend Author
I am a technical writer, author and blogger since 2005. An industry watcher that stays on top of the latest features, extremely passionate about finance news and everything related to crypto.