Activation Countdown Begins for Major XRPL Amendment

• Users currently using rippled v1.11.0 or lower are advised by XRPScan to upgrade.
• FixReducedOffersV1 is the sole XRPL vs1.12.0 modification that reached 80% consensus.

After receiving approval from more than 80% of validators, the “fixReducedOffersV1” amendment is now in an activation countdown phase of two weeks, signaling the advent of a significant XRPL upgrade.

Users currently using rippled v1.11.0 or lower are advised by XRPScan to upgrade their systems in preparation for the arrival of new features in the XRP Ledger (XRPL) in the coming weeks. For the fixReducedOffersV1 to become active, which addresses critical flaws in DEX offers, the percentage of updated nodes must rise over 80% within 14 days.

Voting on Proposed Amendments

Moreover, version 1.12.0 of XRPL, which included the fixReducedOffersV1, was released in the middle of September. Various other issues have been ironed out, and minor adjustments to the well-known Automated Market Maker (AMM) and Clawback feature have been implemented. The deadline to update to the newest version was set for September 20th.

In addition, the XRPL upgrade was specified as a requirement for voting on proposed amendments like XLS-30. FixReducedOffersV1 is the sole XRPL vs1.12.0 modification that has reached 80% consensus and hence entered the two-week activation countdown period.

Moreover, FixReducedOffersV1 is meant to limit the incidence of order books that are sheltered by lowered offers and in the process, eventually make the XRPL more functional.

To be more precise, the XRPL modification only allows protocol updates that have 80% validator support after two weeks. Also, to keep serving as a node provider or performing other protocol-specific duties, an XRPL upgrade to the most current version is now required.

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