The XRPL (XRP Ledger) has announced a major upgrade called “fixReducedOffersV1,” which has gained support from over 80% of validators. This upgrade aims to reduce the occurrence of order books that are shielded by reduced offers, making the XRPL more functional. It is the only amendment in the XRPL vs1.12.0 upgrade to enter a two-week activation countdown period. The upgrade is seen as a prerequisite for voting for new amendments like XLS-30. The amendment may cause improved exchange rates for reduced offers on XRPL decentralized exchanges, benefiting takers. Without these upgrades, offers with extremely tiny sums left would have poor exchange rates, hindering decentralized brokerage platforms.
AI Sentiment: Positive