Two new amendments DepositPreauth and fix1515 enabled on XRP Ledger (Rippled) version 1.1.0
Two new amendments-DepositPreauth and fix1515 on the XRP Ledger (Rippled) V1.1.0 became enabled on Tuesday, according to Ripple’s recent blog post.
It was a compulsory upgrade as the users were asked to upgrade to V1.1.0 or higher immediately. Just in case, the user hasn’t upgraded then his/her rippled server will be amendment blocked.
The blog post also mentions some of the other effects of not upgrading to the latest version:
- The server will not be able to determine the validity of a ledger
- It will not be able to submit or process transactions
- It will not participate in the consensus process
- It will not vote on future amendments and might rely on potentially invalid data
So, it is almost certain that the rippled server will remain in a vegetative state if not upgraded to V1.1.0.
The blog post also gives us an idea of how DepositPreauth amendment and fix1515 amendment will work.
For DepositPreauth, the amendment provides users of deposit authorization with a method to preauthorize specific senders so that the specified senders are allowed to send payments directly.
Some of the key features of the amendment include adding or removing preauthorization, a DepositPreauth ledger object type for tracking preauthorizations from one account to another, and adding to that is a JSON-RPC command to help in enquiring if an account is permitted to send payments directly to one another.
For fix1515, the amendment changes the way Payment transactions consume offers to remove a minimal difference in how payment processing and offer processing consume liquidity.
With this amendment, in the case of over 2000 offers, the payment does not use the liquidity from those offers and does not consider the order book’s remaining liquidity during the completion of the payment.
If the offers are over 1000 with the same exchange rate, the transaction consumes liquidity only up to the 1000 offers and the remaining liquidity will not be considered during the attempt to complete the payment.
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