CandleFocus RippleX Highlights Major XRP Ledger Enhancements, Here's What's New
2024-10-01
Author: Content Editor
RippleX, the development arm of Ripple, has announced groundbreaking updates to the XRP Ledger (XRPL) that will enhance its efficiency, security, and adaptability. The updates include a new vault and lending protocol implemented through the XLS-65d and XLS-66d specifications. The Single Asset Vault (SAV) simplifies the design, eliminating unnecessary transactions for a more efficient experience. The vault aggregates assets from depositors and allows other protocols, such as the lending protocol, to access these assets. The lending protocol update aligns with the new vault changes, streamlining the process by eliminating separate deposit and redemption processes. The updates also address compliance requirements and introduce amendments to fix ledger object behavior and upcoming DID support.
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