βΉοΈ Deletes exactly 2 #XRPL trust lines with very specific IDs that exist solely due to an old bug from 2013, and then does nothing else afterwards.
βΉοΈ Changes the so-called "OfferCreate" #XRPL transactions so that when no funds were really moved while canceling the "Offer," the outcome should not be "success," but rather "killed."
βΉοΈ Transaction cost calculations will be simplified since "fee units" will be replaced withΒ #XRP drops, removing the requirement to convert the results of those "fee units" to XRP first when computing XRP fees.
Nonetheless, I would vote "Nay" for the time being since a ton of servers would get amendment-blocked.
[11/12] β Servers that run on old #rippled code β
Your server must run at least v1.10.0 to avoid being amendment-blocked very soon.
βοΈ Over 200 nodes and 15 validator servers will be impacted βοΈ
[12/12] This should provide you with a high-level summary of the few changes planned to the #XRPL, which will mostly cover and improve performance concerns.
[1/π§΅] One of the more fundamental proposals became public today. It's a draft that lays out a path to an inheritance solution for the XRP Ledger. π§
In my view, this is so much more than βjustβ an inheritance solution.
[1/π§΅] There are people out there who still believe that there are ways to clawback XRP on the XRPL. π€¨
While this is NOT possible & is written all over the official documentation, there is one more argument that should hit the nail on the coffin.
The ULTIMATE reason why π
[2/14] β Tokens β
Whenever you hear βclawbackβ, you should automatically think of βissued assetsβ.
They are fungible and come in many forms and structures:
πΈ IOUs
πΈ Stablecoins
πΈ Multi-Purpose (later this year)
Anyone can issue these kinds of tokens on the XRP Ledger.
[3/14] β Structure β
On the XRPL, all currently issued token holdings exist via so-called βtrust linesβ, i.e. an accounting relationship between a person holding a token & the issuer.
In other words, something to prevent you from holding a token that you don't want.
The ecosystem broken down to the basics:
πΈ XRP β The Coin
πΈ XRPL β Layer-1 Blockchain
πΈ XRPL Labs β Organization in The Netherlands
πΈ XRPLF β Non-Profit Association in France
πΈ Ripple β For-Profit Company in USA
The XRPL is a decentralized, immutable, censorship-resistant, permissionless DLT that offers several native Layer-1 functions such as AMM, orderbook & tokenization.
The XRPL is NOT Ripple, as Ripple didn't exist when the XRPL was originally released.