XRPL’s latest amendment has just reached a consensus of 82.35%, through voting that will last another two weeks, until Jan. 17. So far, 27 out of 34 validators have cast their votes, data from XRP Scan revealed.
An amendment in question is called CheckCashMakesTrustLine which if enabled, will automatically create a trust line to hold the token, similar to how purchasing a token in the decentralized exchange creates a trust line to hold the token.
Trust lines are structures in the XRP Ledger for holding tokens that enforces the ledger’s rule that a user cannot cause someone else to hold a token they don’t want.
XRPL co-developer and current CTO of Ripple, David Schwartz has recently doubled down, on the unique advancements in payment technology with its roots tracing back to 2012 before the existence of several cryptocurrencies.
According to the top exec, XRP Ledger pioneered a consensus protocol, that was unique to any digital asset that came before it. Payment processing is one of the primary functions of XRP Ledger.
It is important to note at this point that Ripple is a firm that develops software, crypto solutions, and payment infrastructure for companies and organizations.
The native coin of the open-source, decentralized blockchain technology known as XRP Ledger, is called XRP.
Schwartz claimed that since 2012, XRPL has had a CLOB with cross-currency and cross-asset payments that utilize several channels for liquidity, supported by proof from a GitHub document.
A decentralized exchange that makes use of an order book is known as a central limit order book [CLOB]. It matches every offer and bid based on priority and price.
NFT Trade Volume On XRPL Has Top 10M
Cross-currency transactions that trade XRP, tokens or both are supported on XRPL and are fully atomic, meaning that either the entire transaction completes or not at all.
On the other hand, the ledger has tapped a new feat.
Only two months following the release of XLS-20, which added capability for NFTs on the blockchain, The XRP Ledger [XRPL] has recorded over 10 million XRP [$3.5 million+] in NFT transaction activity. This accomplishment highlights the rising adoption rate that the NFT scene at XRPL is attracting.
According to statistics from Bithomp, 69,448 NFTs for a total of 10,240,249 XRP [$3.5M at current pricing] has been sold on the network. In a tweet on Friday, Bithomp praised the accomplishment. Nearly 200K additional XRP sales have been registered since the tweet.