Ripple’s new non-fungible token (NFT) amendment to the XRP Ledger (XRPL) is on hold pending a fix to a problem that was discovered at the last minute.
Nik Bougalis, the director of engineering at Ripple, says an engineering problem was discovered by a third party hours before the amendment, XLS-20, was set to be activated.
The XLS-20 proposal aims to enable extensions that would support a native NFT type on the XRPL. The amendment’s goal is to make XRPL NFT creation “compact and efficient,” without causing congestion on the ledger.
Bougalis says the fix to the proposal will require an amendment.
“My team will propose a single-line fix that will disable the NFT flag that’s at the core of the issue, and then propose a 1.9.4 release. Hopefully, this will be the last issue discovered with XLS-20!
Despite extensively testing XLS-20, we missed this. We are thankful for all those who did their own due diligence and helped identify, verify and respond to this.
Several validators are now vetoing the XLS-20 amendment, pending a fix. Ripple’s validators will as well.”
For an amendment to pass on the network, an 80% approval rating will be required from the validators of the XRP ledger. If an amendment stays above that threshold for two weeks, it is activated.Don't Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox
Check Price Action
Follow us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
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.
Featured Image: Shutterstock/allme3d/Tun_Thanakorn