Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesStocksEarnInstitutionAI & More
XRP Ledger to Vote on Major Upgrade

XRP Ledger to Vote on Major Upgrade

UTodayUToday2026/07/20 06:51
By:UToday

A slate of long-awaited protocol amendments for the XRP Ledger (XRPL) is expected to enter validator voting in roughly two weeks.

According to prominent XRPL validator Vet, the proposed changes include support for batch transactions, confidential transfers, sponsored fees and reserves, permission delegation, dynamic Multi-Purpose Tokens (MPTs), and a bundled bug fix. 

The release also contains substantial performance optimizations that will make nodes more efficient and improve network reliability. 

"If everything goes well," Vet wrote on X, the amendments will be ready for voting in approximately two weeks.

A feature-packed upgrade

The upcoming package combines new functionality with infrastructure improvements.

For instance, Batch enables multiple transactions to be grouped together, and Confidential Transfers will conceal transaction amounts without compromising the ledger's integrity. 

The proposal also includes Sponsored Fees and Reserves (XLS-68) that allow third parties to cover transaction fees and reserve requirements on behalf of users. 

At the same time, Permission Delegation would let users delegate specific permissions without handing over full control of an account. Dynamic MPT introduces enhancements to the ledger's Multi-Purpose Token standard.

Vet said security-related initiatives had delayed feature development, but that work had now resumed.

"Yes, the security initiatives put everything else on hold. We can start resuming," Vet wrote, describing the package as a "sweet mix" of performance improvements, new features, and fixes.

Reserve debate intensifies ahead of sponsored reserves launch

In the meantime, another governance discussion has emerged around whether XRPL's reserve requirements should be lowered further.

Vet made clear he opposes reducing reserves under the current conditions. 

Back in the day, activating an account required 1,000 XRP during what was then known as the "create fee" era. Then, co-founder Jed McCaleb reduced that requirement to 200 XRP in 2013. 

Over the years, validators repeatedly lowered reserve levels. Today, activating an XRPL account requires a 1 XRP base reserve. 

Vet noted that he had supported previous reserve reductions but argued that storage and memory remain valuable network resources, particularly as demand for computing infrastructure has increased during the AI boom.

"The architects designed reserves as a deliberate protective mechanism of network resources, storage memory, against spam and DDoS attacks," he wrote.

0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!

You may also like

Overnight U.S. Stocks | All Three Major Indexes Fall, 10-Year Treasury Yield Hits Nearly 20-Year High, Oil Prices Volatile, Gold Drops Nearly 4%

At market close, the Dow Jones Industrial Average fell 347.11 points, or 0.67%, to 51,481.51 points; the S&P 500 Index dropped 59.72 points, or 0.77%, to 7,683.69 points; and the Nasdaq Composite Index declined 248.34 points, or 0.92%, to 26,820.38 points.

智通财经•2026/09/28 23:11

Trump Targets Key Midterm State Iowa: Announces $15 Billion Steel Plant Project to Create 8,000 Jobs

Trump stated that once completed, the factory will have an annual steel production capacity of 10 million tons, making it "the largest steel mill ever in the United States." White House officials noted that steel production could begin as early as 2030, with an estimated 8,000 jobs created. However, the economic benefits of the factory will not be realized before the November election this year. Iowa, as a key agricultural state, is currently facing dual pressures from high diesel prices and tariff disputes, making Trump’s political intentions evident with this move.

华尔街见闻•2026/09/28 23:11