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XRP

Looming XRP Upgrade to Implement Unusual Feature Despite Apparent Opposition From Ripple

Validators on the XRP Ledger have voted to adopt a new amendment without support from Ripple.

The “checks” amendment has now crossed the necessary 80% threshold. If it stays above that threshold for two weeks, it will be activated on the XRPL. Ripple holds six out of the seven outstanding “nays.”

The upgrade will allow senders to sign transactions and create virtual checks for specific amounts and destinations. The XRP will not move until receivers decide to “cash” them. If the checks fail – due to potential sender issues like insufficient balance or liquidity – they will remain in the ledger so they can be cashed later.

The amendment gained momentum when the XRPL validator Alloy Networks removed its veto vote on June 2nd, leaving it one “yea” short of crossing the threshold.

I will be removing my veto for the “checks” amendment today. With that, it will be one short of majority. @rippleitinNZ @XRPL_rabbit @peerisland @Ripple @nbougalis @JoelKatz

— Alloy Networks (@alloynetworks) June 3, 2020

The following day, another validator, rippleitin.nz, removed the final veto necessary for adoption.

If no one removes their yea vote, the XRPL will officially adopt checks on June 17th.

Amendments apply to all subsequent ledger versions and cannot be disabled unless a separate amendment is passed that explicitly does so.

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