- At press time, more than half of the validators have upgraded to version 2.1.0.
- XRP rose 8.51% after the launch announcement.
David Schwartz, Chief Technology Officer of Ripple (XRP), has asked validators and node operators on the
What does 2.1.0 bring?
The new release includes bug fixes, performance improvements, and two new fixes. Two new amendments are open for a vote.
Modifications are new features or changes to transaction processing.
As per XRP Ledger’s fix process, a fix must maintain two weeks of support from at least 80% of trusted validators for it to become active.
If the approval rating falls below 80%, the amendment is temporarily rejected and the two-week period starts again.
According to AMBCrypto’s survey of XRPSCAN data, as of this writing, more than 50% of validators have upgraded their servers to version 2.1.0.
Source: XRPScan
XRPL sees decline in daily transactions.
Launched in 2012, XRPL is a decentralized open source chain that supports cross-border payments, smart contracts, and digital currencies.
Like other blockchains, decentralization is achieved through a system of nodes and operators.
AMBCrypto found that transactions facilitated on the ledger surged in the final weeks of 2023, peaking at 6.9 million on New Year’s Eve.
However, the number of daily views gradually decreased after that, reaching only 7.89 million on March 2.
Source: XRPScan
XRP has finally gained strength.
At the center of XRPL was XRP, valued at $35 billion and valued as the sixth-largest cryptocurrency at the time of this writing, according to CoinMarketCap.
The announcement of the latest release appears to have had a positive impact on XRP as it recorded an impressive 8.51% gain in the last 24 hours. The coin’s weekly chart was equally impressive, showing a return of 17%.
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The recent rally was driven by concerns about its poor performance compared to other major coins in the market. The decline in network activity may have contributed to downward pressure.
The price surge has led to increased speculative interest in the coin. Open interest (OI) in XRP futures jumped to a six-month high of $839 million at press time, according to AMBCrypto’s analysis of Coinglass data.
Source: Coinglass