New XRP Ledger Amendment Proposed, Here's What It Changes

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New XRP Ledger Amendment Proposed, Here's What It Changes
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XRP Ledger may receive another major update, here's what it's about xrpsec ripplesec ripplexrp xrparmy xrpcommunity ripple xrpl $xrp

In particular, the innovation would make it possible to use escrow accounts for all assets built on the ecosystem. In other words, a project team would be able to lock tokens in a Trustline balance and thus regulate its supply. Also, interestingly, the amendment should allow token issuers to retain authorization and to freeze control over their issued tokens, even when they are locked into instruments.

In addition to escrow opportunities, the amendment also opens up greater opportunities for the use of native assets in XRPL payment channels. The authors have also not forgotten the efficiency of , saying that XLS-34d should help avoid unnecessary multiplication of entities as well as computational burden.

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