XRPL Developers Propose Amendment to Safeguard XRP from Scams and Hacks

The planned update aims to enhance protection for XRP holders, ensuring asset security even in cases of fraud or unauthorized access.

XRP

Summary

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Terms & Concepts
  • XRPL: The XRP Ledger, a decentralized blockchain technology developed by Ripple, designed for fast and cost-efficient transactions.
  • Amendment: A protocol update or change to the XRP Ledger’s codebase, typically requiring validator approval before activation.
  • XRP: The native cryptocurrency of the XRP Ledger used for payments, exchanges, and transfers within the network.