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XRPL Labs Changes Validators Position To Vote On Amendments After “Yes” Votes Reach 50%

source-logo  thecryptobasic.com 22 August 2022 15:51, UTC

XRPL Labs decided to have its validator vote as “yay” votes for the NFT-related amendment hit 50% approval.


It’s not always that Ripple’s XRPL Labs gets involved in community affairs, especially concerning voting on network-related issues. However, a recent vote on the latest amendment seems to have caught the lab’s attention.

The XLS20 amendment is a push for a network upgrade to introduce NFT capabilities in the XRP Ledger. The XRP Ledger has been in operation since its launch in 2012. Boasting a high throughput, experts and the community believe that the network can handle NFT functionalities and other smart contracts aimed at making the network more expansive. Notably, the Ripple network has thrived despite grudges against it by people like Ethereum’s Vitalik Buterin.

The Community Wanted It

The Ripple community wanted the XLS20 amendment to pass, making XRPL Labs happy. While announcing the good news on Twitter, the XRPL Labs handle opined that the team decided to flip its validator from the “nay” position to the “yay” position after the community votes on the amendment reached an impressive 50%.

At that point, it was pretty clear that the community wanted NFT introduced onto the XRP Ledger, so the Lab decided to support the motion by voting along the majority line.

With the XLS20 amendment (native NFT's on the XRP Ledger) reaching 50% "yay" votes, we decided our validator will vote along. We just updated our XRPL validator from "nay" to "yay" on the XLS20 amendment.

We fixed all reports received regarding XLS20 support in Xumm. Let's go 🙂

— XRPL Labs (@XRPLLabs) August 22, 2022

XRPL Labs Votes “Yay” On All Amendments

It’s noteworthy that XRP Labs has supported community decisions despite previous votes on other amendments. One was about increasing the number of network signers from 8 to 32. The other automatically created a check cashing trust line to ease network operations and make the system more user-friendly. XRPL voted “yay” on both amendments. That makes three “yay” in favor of community decisions. Meanwhile, as reported by The Crypto Basic, Ripple (XRP) whale activity has been increasing.

thecryptobasic.com