XRP Ledger Developers Unveil Rippled 2.0

• Rippled 2.0 introduces the XLS-38 Cross-Chain Bridge, enabling seamless XRP and token transactions within XRPL.
• Decentralized Identity System: XLS-40 empowers users with full control over online identities in a self-sovereign manner.
• API v2 Improvements: Rippled 2.0 updates its API with version 2, streamlining by removing obsolete elements.

XRP Ledger developers have officially unveiled the rippled 2.0 update, bringing forth a host of feature amendments and enhancements. Among the notable additions are the XLS-38 Cross-Chain Bridge and the XLS-40 Decentralized Identity, accompanied by various fixes and improvements.

One of the standout features of the rippled 2.0 update is the introduction of the XLS-38 Cross-Chain Bridge. This innovative amendment facilitates the seamless flow of XRP and fungible tokens within the XRPL ecosystem.

Notably, the cross-chain bridge enables transactions between the XRPL mainnet, XRPL sidechains, and the planned EVM sidechain. To ensure security, independent witness servers certify any transactions crossing chains, providing a layer of protection.

XRP Ledger update unveils decentralized identity system

Another notable addition is the XLS-40 decentralized identity system, which empowers users with full control over their online identities in a self-sovereign manner. This amendment supports interoperability with any distributed ledger or network and adheres to the World Wide Web Consortium (W3C) standards. By implementing verified, self-sovereign digital identification, XLS-40 aims to enhance user control and privacy.

The lightweight XLS-40 amendment introduces a new ledger object that users can create, update, and delete through associated transactions. This implementation aligns with the W3C standard, emphasizing a standardized approach to decentralized identity.

Beyond the feature amendments, the rippled 2.0 release incorporates updates to its Application Programming Interface (API). The introduction of API v2 streamlines the API by removing obsolete fields and methods, enhancing response consistency, and renaming fields to prevent misinterpretations. These improvements contribute to a more user-friendly and efficient API experience.

As the XRP Ledger continues its evolution, the rippled 2.0 update marks a pivotal moment, ushering in advancements that enhance the functionality, security, and user experience within the ecosystem.