Ripple: Next Two Weeks Crucial as XLS20 Amendment for Native NFT Support Opens for Voting

Oct 20,2022
Ripple: Next Two Weeks Crucial as XLS20 Amendment for Native NFT Support Opens for Voting

Emi Yoshikawa, Ripple's senior vice president for corporate strategy and operation, announced a two-week countdown to XLS 20 Amendment v1.9.2, which will open the local Non Replacement Token (NFT) on XRP Ledger. At least 80% of the approvers must vote for the proposal online within two weeks before the proposal can take effect.

XLS-20's proposal on local NFT on XRPL is expected to make the establishment of NFT close and efficient, minimize all adverse effects on XRP Ledger's performance balance, and prevent large-scale congestion. The XLS-20 specification has embedded services such as coins and auctions, and is committed to creating obvious convenience for developers.

The XLS-20 proposal was initially defeated when a bug was found. Shortly afterwards, Nik Bougalis, Ripple's engineering director, released a new version of his comments, mainly on the identified incorrect fixes.

EVM side chain announcement phase I

Blockchain software service provider Peersyst announced the first XRPL side chain adapted to Ethereum vm virtual machine (EVM). EVM side chain has released its first stage - Devnet version.

The plan for the second phase of the project will be gradually implemented at the beginning of 2023. The unapproved EVM side chain and bridge will be adopted. The unique design plan will be transferred to XRPL Devnet to enhance the participation and detection scalability in a controllable environment. The last link is undoubtedly the unapproved EVM side chain and bridge provided by XRPL on the main network.

David Schwartz, Ripple's technical director, put forward the idea of EVM side chain in September last year, introduced Ethereum blockchain smart contract into XRP Ledger (XRPL), and reduced the barriers to finding programs that can run programs with cross chain interoperability.