- The latest XRPL upgrade improves efficiency, security and governance and at the same time introduces powerful new functions.
- There are only ten terms that define the development of the XRP Ledger in the blockchain.
The XRP Ledger (XRPL) continues to develop and brings new functions and improvements for its decentralized network. With the increasing spread of digital assets, it is important to understand the most important terms related to XRPL. A current breakdown Von Krippenreiter, a blockchain technician, emphasizes ten important terms that determine the future of XRPL.
[1/
] XRP Ledger Vocabulary Overview
The greater the XRPL becomes and the more features are introduced, the more I feel that a dictionary is needed.
Let’s start with 10 words you NEED to know.
pic.twitter.com/fj31rqmA9x
– Natural rider (@Krippenreiter) March 24, 2025
How CNF reportedwith the publication of XRPL version 2.4.0 updates were introduced that improve security, compliance and network performance. The new version strengthens the role of XRPL as a quick and cost -efficient blockchain.
The key terms for understanding XRPL
XRP is the digital asset that forms the core of XRPL. It is secured by cryptography and is used for transactions, fees, reserves and bridging transactions. It also enables quick, inexpensive cross -border payments.
The XRP Ledger is a decentralized blockchain that was developed for the processing of financial transactions without a central authority. Because of its efficiency and low costs, it is suitable for various financial applications.
[3/14] — XRP Ledger —
A decentralized blockchain that enables fast and cost-efficient transactions for processing and recording financial data.
Most important feature:
There is no single central authority pic.twitter.com/PfB8ZFx2k6
– Natural rider (@Krippenreiter) March 24, 2025
Another concept is the XRP-LCP, the XRP Ledger Consensus Protocol. It enables Validiers to agree on the condition of the blockchain without mining. In contrast to proof-of-work systems, it works according to a collaborative model that guarantees quick and energy-efficient validation.
In addition, the change system plays a crucial role in governance. Proposed changes require the consent of at least 80% of the validers in two consecutive weeks before they are activated. This process ensures that upgrades are broadly supported and the network does not disturb.
[10/14] — Amendment —
A proposed feature (or fix) to the XRPL protocol that requires the approval of a supermajority (>80%) of a subset of trusted validators for adoption.
An important aspect that decentralizes the XRPL and protects it from unwanted features. pic.twitter.com/oD9HetSfvM
– Natural rider (@Krippenreiter) March 24, 2025
Several functions improve XRPl. With Trust Lines, users can define credit limits for handling the tokens issued and thus manage transaction risks. Exposed currencies, also called Ious, represent digital versions of real assets such as Fiat currencies. These ious can be output and transmitted within XRPL, which enables seamless exchange of assets.
Another important function is the decentralized stock exchange (Dex). In contrast to conventional stock exchanges, the XRPL’s Dex enables users to trade with assets directly on the blockchain without intermediate traders.
In addition, smart-contract-like functions are introduced with Hooks, which perform custom logic before or after transactions. This expands XRPL’s applications and makes it more flexible for developers.
Expanding applications and future growth
With the advancement of digital collectors, non-fungable tokens (NFTS) have become an important part of XRPL. The XLS-20 standard enables the creation and trade with unique digital assets.
Another innovation, Paychannels, enables fast off-Ledger transactions. This reduces traffic jams and at the same time enables efficient micro payments. These functions help XRPL to adapt to the changing blockchain trends.
In the meantime, XRPL version 2.4.0 introduces important security improvements and governance updates. The approval process for changes ensures that the upgrades match the decentralized structure of XRPL.
While the network is further improved, it remains a quick, safe and efficient platform for digital transactions. With a strong governance and advanced functions, XRPL shapes the future of blockchain technology.
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