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The XRP Ledger (XRPL) is preparing for a significant upgrade with the upcoming activation of a Decentralized Identifier (DID) amendment. According to a recent update from XRPScan, this upgrade has already entered its two-week activation period and is expected to go live on October 30.
DID Integration Gains Momentum in Digital Currency
The adoption of Decentralized Identifiers (DIDs) is becoming a growing trend in the digital currency space. The new XRPL amendment aims to align DID operations on the network with the standards set by the World Wide Web Consortium.
This upgrade will enhance the functionality and flexibility of XRPL, allowing users to manage DIDs more efficiently. The upcoming DID upgrade introduces several new features. One of the most notable is “DIDDelete,” a function that enables users to delete the DID associated with their XRPL account.
Related article: XRP Ledger Update: 60.8 Billion XRP and the Impact of RLUSD
Additionally, the “DIDSet” function will allow users to create new DIDs or update existing ones. Overall, the update will permit XRPL users to add new DID ledger entries and access new transaction result codes once the amendment is passed.
Strong Validator Support for the Amendment
As of now, the DID amendment has gained strong support from validators on the network. According to data from XRPScan, 29 out of 35 validators have already voted in favor of the amendment. Since the threshold for approval is set at 28, the amendment has already secured enough votes. Validators backing the proposal include Ripple Labs, Bitso, and Anodos Finance.
Ripple Labs Expands XRPL’s Capabilities
Ripple Labs continues to push the boundaries of what the XRP Ledger can achieve. Recent upgrades not only target specific features but also contribute to broader functionality, such as supporting RLUSD, a Ripple-backed stablecoin.
Related article: How XRP Could Reach $500: Expert Insights on Financial Institutions and Growth
For several weeks, Ripple has been testing token minting, burning, and transferring on the XRPL. With no security issues reported during testing, XRPL seems poised for greater global integration and adoption.
The DID upgrade is another step toward expanding the XRPL’s reach and functionality, positioning it as a key player in the evolving digital currency ecosystem.
The post XRP Ledger Enhances Functionality with Upcoming DID Amendment appeared first on FXcrypto News.
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