The XRPL (XRP Ledger) is set to introduce additional features in the coming weeks, with the fixReducedOffersV1 amendment being a significant upgrade. This amendment aims to address critical issues with decentralized exchanges (DEXs) by minimizing the prevalence of order books obscured by reduced offers. It has garnered approval from over 80% of validators and is now in a two-week activation countdown phase. Users relying on older versions of rippled are advised to update their systems to ensure compatibility with the upcoming changes.The XRPL v1.12.0 update includes several amendments, but fixReducedOffersV1 is the only one that has achieved an 80% consensus, triggering the activation countdown. This amendment is crucial for enhancing the functionality of the XRPL and ensuring that reduced offers on DEXs have more favorable exchange rates. Without this amendment, reduced offers may have significantly unfavorable rates compared to their original values, making it challenging for decentralized brokerage platforms to operate effectively.The XRPL allows protocol modifications with the support of over 80% of validators within two weeks. This recent development emphasizes the need for node providers and other protocol functions to upgrade to the latest XRPL version to continue their engagement. The XRPL version 1.12.0 was launched in September, introducing notable features like fixReducedOffersV1, bug fixes, and amendments related to the Automated Market Maker (AMM) and Clawback function. Users were required to upgrade to the latest version by September 20 to avoid any disruptions.Overall, the XRPL has undergone significant enhancements, both internally and externally, contributing to its positive outlook. The successful completion of the security audit for the Xahau sidechain further strengthens the prospects of the XRPL. With the upcoming features and improvements, the XRPL continues to evolve as a reliable and efficient platform for cryptocurrency transactions.

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Information	Details
Geography	Global
Countries
Sentiment	positive
Relevance Score	1
People	None
Companies	XRP Ledger, Ripple, XRPScan, XRPL, Xahau sidechain
Currencies	XRP
Securities	None