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XRP Ledger Fix Upgrade Faces November 4 Earliest Activation After Vote Reset

(3 hours ago) · 1 source · Summarized by CryptoBipto

A proposed fix upgrade for the XRP Ledger has had its validator vote reset, pushing the earliest possible activation date to November 4. The upgrade, referred to as a cleanup fix, requires sufficient validator support before it can be activated on the network.

WHY IT MATTERS

Blockchains like the XRP Ledger need a way to update their rules, similar to how software on your phone gets updates. But unlike a phone update that a company can push out whenever it wants, blockchain updates often require agreement from many independent participants called validators. Think of validators as referees who all need to agree on a rule change before it takes effect. In this case, the agreement process had to restart, which delays the update. This system is slower but is designed to prevent any single party from making changes without broad support from the network.

The XRP Ledger uses an amendment system to introduce changes to its protocol. Proposed amendments must receive sustained support from a supermajority of trusted validators over a two-week period before they can be activated.

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SOURCES

  • newsbtc.com

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XRPXRP LedgerProtocol UpgradesValidator GovernanceBlockchain Amendments