XRP Ledger developers have achieved a significant milestone with the release of Rippled 2.0, introducing two impactful feature changes. These features are the XLS-38 Cross-Chain Bridge and the XLS-40 Decentralized Identity (DID). In addition to these enhancements, the update also brings fundamental correction changes and various other improvements to increase the functionality of the XRP Ledger.
XLS-38 Cross-Chain Bridge and XLS-40 Decentralized Identity
The XLS-38 Cross-Chain Bridge offers a revolutionary feature that enables seamless flow of XRP and tokens issued on the XRPL between the XRPL Mainnet and XRPL Sidechains. It also facilitates movement between the XRPL Mainnet and the planned EVM sidechain.
On the other hand, the XLS-40 Decentralized Identity (DID) provides users with full control over their online identities in a self-sovereign manner. This system is designed to be interoperable with any distributed ledger or network while adhering to the World Wide Web Consortium (W3C) standard. Users can create secure, self-sovereign digital identities by implementing the XLS-40 DID.
API Enhancements and Core Ledger Updates
The Rippled 2.0 release also brought significant updates to the API. The introduction of API v2 focuses on improving user experience by removing old fields and methods, addressing naming inconsistencies, and increasing response consistency. This modernization effort provides a more intuitive and efficient interaction with the XRP Ledger.
To add new features to the XRPL Mainnet, XLS specifications that include significant changes to the core protocol undergo a meticulous change procedure. This involves active participation from the validator community, requiring at least 80% of validators to vote “yes” or “agree” to the proposed change. Maintaining this majority support for at least two weeks is crucial for the change to pass successfully.
Procedural Rigor
After meeting these stringent conditions, the approved change will take effect, and the functions specified in the XLS standard will be seamlessly integrated into the XRPL Mainnet. This procedural rigor ensures that each change undergoes a comprehensive verification and acceptance process before becoming an integral part of the XRP Ledger.
As the XRP Ledger moves towards 2024 with the launch of Rippled 2.0, the inclusion of the XLS-38 Cross-Chain Bridge and Decentralized Identity (DID) marks a significant moment in enhancing the capabilities and benefits of this effective Blockchain platform.
The commitment to maintaining high standards through the change procedure reinforces the integrity and reliability of the XRP Ledger in the continuously evolving Blockchain technology landscape. XRP is trading at $0.61 at the time of writing this article.
