After receiving acceptance from more than 80% of validators, the “fixReducedOffersV1” amendment is currently in a two-week activation countdown phase.This change is a major improvement for XRPL.
New features will be added to XRP Ledger (XRPL) in the coming weeks.Users using rippled v1.11.0 or older versions are urged to update their systems, according to XRPScan.FixReducedOffersV1 must be implemented in 14 days in order to address severe issues with DEX offerings. Updates above 80% are required.FixReducedOffersV1, the only change with an 80% consensus among the XRPL v1.12.0 update’s amendments, is the first to begin a two-week activation countdown.FixReducedOffersV1 seeks to improve the XRPL’s general operation by reducing the frequency of order books that are hidden by decreased offers.
Within two weeks, protocol improvements supported by more than 80% validator support are permitted by the XRPL amendment.Because of this recent development, in order to continue participating as a node provider or in other designated protocol functions, you must update to the most recent version of the XRPL.This adjustment can make a lowered offer on XRPL decentralized exchanges (DEXs) more beneficial than the initial offer from the taker’s point of view by rounding the exchange rate.In certain situations, the reduced offer might be consumed by additional offers that match the original.
If these modifications were not made, on the other hand, an offer with little residual sums would have very unfavorable conversion rates when rounded down from its initial value.This eventually makes it impossible to accept requests that are more favorable, which poses significant difficulties for decentralized brokerage systems that use the XRPL.
With the release of XRPL version 1.12.0 in September, prominent features like fixReducedOffersV1 were added.Bug fixes and changes pertaining to the Automated Market Maker (AMM) and Clawback feature were included in the upgrade.In order to prevent disruptions, users have to update to the most recent version before September 20.Furthermore, it was determined that access to the XRPL update was necessary in order to vote on new amendments such as XLS-30.The XRPL has had significant improvements both inside and outside, which has improved its prognosis overall.The most recent security audit for the Xahau sidechain was completed successfully, which is encouraging for XRPL’s future.