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Ripple Reveals List of Potential Changes to XRP Ledger, Including Ability to Delete Accounts

by Daily Hodl Staff
February 13, 2020
in Ripple and XRP

A slew of changes to the XRPL protocol may be on the horizon, including one that would allow users to essentially delete their accounts.

David Schwartz, Ripple’s chief technology officer, recently penned a post discussing XRPL’s amendment process. Schwartz says the proposal would give people a way to basically remove their addresses and recover all XRP remaining in their accounts.

“This feature allows XRPL accounts to be removed from the ledger and recover most of the reserve locked in the accounts for spam prevention.”

In addition to that feature, a number of other potential amendments are on the table. In order for the amendments to become part of the XRP Ledger, the vast majority of all nodes that power the network will have to support the changes.

“Validators that want the amendment to be activated on the network can indicate this. If 80% support is seen, validators will start a two week clock to enable the amendment. The amendment must hold 80% support through the two weeks or the cycle must start over.

During these two weeks, the community has a chance to voice their opinions on the amendment. Validators can change their position and, in extreme cases, the community can even change which validators they are willing to listen to.”

The amendment process is designed to help prevent accidental forks over network rule disagreement between servers.

A full list of the potential amendments can be found here.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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