Skip to main content

A Major XRP Ledger Win That Most Investors Might Have Missed

The XRP Ledger quietly crossed an important milestone this week. After weeks of waiting, the Permissioned Domains amendment has finally gone live. Validators reached the required 80% yes vote back in January, but as protocol rules demand, that consensus had to hold for two consecutive weeks before activation. 

On February 4, the waiting period ended, and the amendment officially became part of the XRP Ledger with a 91.19% approval. The moment passed with little noise, but investors might have missed its implications, which extend far deeper than a routine technical update.

Quiet Upgrade Changes How Institutions Can Use The XRP Ledger

Permissioned domains were introduced to the XRP Ledger on the v2.4.0 update. The rollout followed the standard governance process on the Ledger, which requires both a supermajority vote and sustained agreement over time to prevent rushed or unstable changes. In this case, validators voted yes early, locking in more than 80% approval in January.

According to Stern Drew, an XRP analyst on the social media platform X, the importance of Permissioned Domains lies in how they reshape what is possible on a public ledger. In simple terms, it makes the Ledger far more usable for institutions, enterprises, and regulated applications.

The upgrade allows controlled environments to exist on the same shared blockchain. Institutions can now operate inside clearly defined domains where participants are known, approved, and compliant, without giving up the speed, finality, and low-cost settlement XRPL is known for.

XRP

This addresses a limitation in public blockchains, which are known for their openness. Public blockchains like the Ledger are great for openness, but the openness is unrealistic for banks, governments, and enterprises that must enforce rules, accountability, and identity checks. 

Permissioned Domains resolve that tension by letting both models coexist. Sensitive or regulated activity can happen inside restricted domains, while the broader ledger is open and permissionless for everyone else.

Why This Matters For The Altcoin Going Forward

The most favorable outcome for XRP is the broad adoption of the Ledger by banks and financial institutions in their day-to-day operations. Therefore, the activation of permissioned domains on the Ledger removes one of the last structural barriers to real-world adoption. 

XRPL can now serve as shared financial infrastructure, offering the guardrails regulators expect without sacrificing the benefits of a global public ledger. A bank can settle payments, a government can run regulated flows, and an enterprise can move large value, all without exposing sensitive operations to the entire public network.

This is why the Permissioned Domains upgrade carries more weight than its quiet rollout. It might be overlooked for now, but this kind of change tends to show its impact gradually, especially when institutions start creating domains on the Ledger.

Permissioned Domains is one of several amendments introduced by developers to strengthen the overall utility of the Ledger ecosystem. Another notable example is the lending feature, which is currently in the validator voting phase.

XRP

from Bitcoinist.com https://ift.tt/KL3JwY5

Comments

Popular posts from this blog

Dogecoin Sees 47% Spike In Active Addresses, Why Price Could Follow Suit

Dogecoin has witnessed a massive spike in its active addresses , providing a bullish outlook for the foremost meme coin. Based on this development, the DOGE price could also witness a bullish reversal soon enough as it reclaims key support levels.  Dogecoin Records 47% Spike In Active Addresses In an X post , crypto analyst Ali Martinez stated that Dogecoin’s network activity is picking up. This came as he revealed that active addresses have jumped 47% in the past month, rising from 110,000 to 163,000. This development is bullish as it indicates more users are using the network.  This could help spark a significant rally in the Dogecoin price, as a surge in active addresses indicates that DOGE’s utility is on the rise. Another onchain metric which paints a bullish picture for the meme coin and hints at a reversal is the increase in new addresses. In another X post, Martinez revealed that Dogecoin’s new addresses have doubled in the past month, climbing from 16,400 to 34,6...

Bitcoin ETFs Post Second Straight Week Of $500 Million Outflow — Details

The US-based spot Bitcoin ETFs (exchange-traded funds) recorded their second consecutive week of significant outflows over the last five-day trading period. This recent run of disappointing performances reflects the ongoing shift in investor sentiment in the United States. Over the past year, strong inflows into the US Bitcoin ETF market have constantly been associated with positive action for the BTC price. Fittingly, the price of Bitcoin has been consolidating over the past few weeks, struggling to pick up any real momentum. Bitcoin ETFs Record Fourth Consecutive Outflow Day According to the latest market data , the US Bitcoin ETFs registered a total daily outflow of $62.77 million on Friday, February 21. This latest round of withdrawals marked the fourth straight day (and the eighth day in the last nine trading days) that the crypto-based products would witness a net capital outflow. The Grayscale Bitcoin Trust (with the ticker GBTC) accounted for a larger percentage of Friday’...

Bank of Russia Proposes Limited Crypto Trading for Select Investors

The Bank of Russia has put forward a new proposal that could mark a significant shift in the country’s approach to cryptocurrency regulation. Earlier today, the central bank announced that it has submitted a proposal to the Russian government to discuss allowing a limited group of investors to buy and sell cryptocurrencies such as Bitcoin. The proposal suggests implementing a three-year experimental regime where only qualified investors with at least $1.1 million in securities and deposits would be permitted to engage in crypto trading. This move is part of ongoing efforts to define Russia’s digital currency policies, which have historically shifted between strict regulations and cautious acceptance. Despite considering this controlled legalization for select investors, the Bank of Russia maintains its stance against using cryptocurrency as a payment method. The institution has also recommended introducing penalties for those who violate the terms of the experimental regime, rein...