XRPL 3.0 upgrade pushed unilaterally... laying the foundation for expanding smart custody and DeFi functionalities

The core server software for XRPL (XRP Ledger), “rippled,” has undergone a major upgrade to version 3.0.0. This update aims to comprehensively enhance system stability through bug fixes, performance improvements, and protocol revisions.

Version 3.0.0 addresses dozens of bugs in the existing codebase, with extensive upgrades covering the consensus algorithm, ledger entry processing logic, inter-node connectivity, remote procedure call system, build environment, test automation, and external dependency modules.

Notably, at the protocol level, a new amendment has been adopted to fix the missing “keylet” field in certain ledger objects. The XRPL network implements protocol changes across the entire network via such “amendment” features.

Version 3.0.0 also includes amendments based on the “pre-loan protocol,” laying the groundwork for future support of lending functionalities—a highly anticipated step in preparing for the introduction of lending-related features.

Prior to this upgrade, version 2.6.2 of rippled, released at the end of November, also expanded functionality, fixed critical bugs in “batch” transaction processing, and included the “fixDirectoryLimit” amendment that removed directory page restrictions. This version also provided the foundation for “smart escrow,” enhancing the usability of escrow functionalities.

On another note, XRPL has seen explosive growth in the past month. Network traffic has surged, with daily payment counts increasing by up to 400%. Although recent activity has subsided somewhat, the network still maintains a high daily payment volume of 600,000 to 900,000 XRP.

Article summary by TokenPost.ai

🔎 Market Interpretation

XRPL’s 3.0 upgrade should not be seen merely as a code fix, but as foundational design for future feature expansion. Structural changes focused on smart escrow and lending functionalities, in particular, signal enhanced competitiveness for the Ripple ecosystem in the DeFi sector.

💡 Strategic Points

It is necessary to pay attention to projects based on XRPL. dApps, wallets, and infrastructure companies associated with Ripple are the main areas that may benefit from these protocol improvements.

📘 Glossary

• XRPL: A distributed ledger system based on public blockchain, developed by Ripple

• Amendment: An official feature used to implement protocol-level changes across the XRPL network

• Keylet: An internal key structure used to generate ledger entry addresses

• Smart Escrow: More complex and flexible conditional asset management functionality, similar to the concept of smart contracts on Ethereum

TP AI Notes

This article uses a language model based on TokenPost.ai for summary generation. The main content of the body may be omitted or differ from the actual facts.