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Cryptocurrency News Articles

XRPL Issues Critical Update to Address Full History Node Failures, to Get Major Update with Multi-Purpose Tokens

Sep 18, 2024 at 11:34 pm

The XRPL has issued a critical update to address a problem affecting the network’s Full History node. An SQLite page sizing limitation was the cause

XRPL Issues Critical Update to Address Full History Node Failures, to Get Major Update with Multi-Purpose Tokens

A critical update has been released by XRPL to address an issue affecting the network’s Full History node. The problem, which was caused by an SQLite page sizing limitation, led to the failure of several FH nodes.

According to a post on the X platform by a validator named Vet, the latest version of Rippled focuses solely on the issue with the Full History Servers. Rippled 2.2.3 aims to resolve the page size issue with SQLite databases that were impacting FH nodes. The upgrade is expected to restore the Full History servers with 4096 pages, bringing them back to full functionality.

Although the issue did not affect all validators, they were given the option to either upgrade to version 2.2.3 or remain on the older version 2.2.2. Both of these versions are compatible since the current release addresses the node failure issue rather than introducing any new features.

The XRP community has been concerned with the Full History node failures since the issue was brought to light last weekend. A few FH nodes, which contain the complete ledger record of transactions, began to malfunction due to the SQLite page size restriction. Even though it was thought the issue had been dealt with years ago, it appeared again and caused FH node failure.

Several validators in the XRPL network had identified the issue weeks before the current troubles but failed to receive the necessary attention. Despite these shortcomings, consensus and network health do not appear to have been compromised.

XRP Cafe founder Adam mentioned that the majority of XRPL endpoints didn’t require a Full History server to obtain historical transaction data because clio redundancy was in place. However, he stated that the repair should have been completed earlier to prevent the FH node failure over the weekend.

While there are issues with FH nodes, the XRPL community was assured that the server’s functionality has been restored. The validators, who are critical to the network’s consensus and security, were not impacted by the SQLite page size issue.

XRPL to Get Major Update with Multi-Purpose Tokens

The XRP Ledger is set to undergo a significant update soon with the introduction of Multi-Purpose Tokens (MPTs). This project will add various functionalities to the blockchain by focusing on tokenized asset management and efficiency.

Fungible and non-fungible tokens wouldn’t be suitable for critical on-chain tokenization use cases without MPTs. This also complements the XRPL’s basic qualities like the protocol-native approach, which incorporates any protocol changes into the consensus layer itself.

The XRP price has been range-bound between $0.50 and $0.60 for most of the past month. Source: Brave New Coin XRP Liquid Index

Whale Activity Surges on XRP NetworkThe SEC vs. Ripple case was recently resolved, with Ripple agreeing to settle for a $125 million fine. As a result, there has been a noticeable spike in whale transactions on the XRP network. Significant XRP transfers have been found, especially involving well-known exchanges like Binance, Bitstamp, Bitso, and Upbit.

Co-founder of Ripple, Chris Larsen recently transferred 50 million XRP units, valued at around $29 million, to an unidentified wallet. As the network expands, this spike in whale activity indicates growing market interest in XRP.

Moreover, market response to Ripple’s continuous release of one billion XRP each month has been varied. While some investors express concerns over the possible implication of inflation, Ripple maintains that these transactions are necessary for the expansion and financial success of the ecosystem.

News source:bravenewcoin.com

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