RippleX Warns XRP Operators: Upgrade to 3.1.0 for Key Fixes & Security!

• Upgrade to Rippled 3.1.0 for enhanced security and performance fixes.
• New SingleAssetVault amendment powers XRP Ledger’s lending and loan creation.
• Token Escrow expands XRP Ledger’s capabilities for stablecoins and assets.

RippleX has issued an urgent warning to XRP Ledger node operators and validators to upgrade to Rippled version 3.1.0 if they have not done so already. Released in late January, this update is crucial for maintaining the security and efficiency of the network as several important amendments are set to activate soon. Upgrading ensures that operators stay aligned with the XRP Ledger’s evolving protocols.

Key Amendments and New Features in Rippled 3.1.0

One of the major updates in Rippled version 3.1.0 is the introduction of the SingleAssetVault amendment. This feature enables vaults that pool a single asset, which can then be utilized within the Lending Protocol. This enhancement allows loan brokers to create fixed-term, uncollateralized loans using pooled funds from a Single Asset Vault. The Lending Protocol is highly configurable, offering brokers the ability to adjust risk tolerance, depositor protections, and economic incentives.

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In addition to the SingleAssetVault, Rippled version 3.1.0 also includes the fixBatchInnerSigs amendment. This addresses an issue where inner transactions in a batch transaction were mistakenly flagged as valid, even though inner transactions do not have valid signatures. The fix ensures the accuracy of batch transaction processing and contributes to the overall stability of the network.

Bug Fixes and Performance Enhancements

RippleX emphasizes the urgency of upgrading, as the amendments in Rippled version 3.1.0 are still being voted on, with some nearing majority consensus. The fixBatchInnerSigs amendment, for example, has already gained significant traction, with the current consensus standing at 70.59%.

Furthermore, Rippled version 3.1.0 contains several important bug fixes that improve the XRP Ledger’s performance. These fixes address batch preflight errors, make dependencies available for clients to use “libxrpl,” and ensure that default fields in asset operations are handled more efficiently. These updates improve the ledger’s security, functionality, and compatibility with various tools.

Expanding XRP Ledger’s Capabilities for Future Growth

The release of the Token Escrow amendment also marks a significant step forward for the XRP Ledger. This feature, which went live earlier this week, extends escrow functionality beyond XRP to all Trustline-based tokens and Multi-Purpose Tokens (MPTs). As a result, the XRP Ledger can now support conditional on-chain settlements for assets such as stablecoins and real-world assets.

With the Permissioned DEX amendment expected to go live in the coming days, XRP Ledger’s compliance features continue to expand. The new update underscores RippleX’s commitment to strengthening the network’s security, functionality, and regulatory compliance.

In conclusion, RippleX is urging all server operators to upgrade to Rippled version 3.1.0 to maintain service continuity, improve security, and stay aligned with the latest network developments. The update provides essential fixes and exciting new features, ensuring that operators are prepared for the future of the XRP Ledger.

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