The XRP leader is constantly evolving, with new solutions constantly being implemented.
With the addition of new features – or as they are called ‘ fixes ‘ – they are voted on among network validators. If there is at least an 80% majority for two consecutive weeks, the correction is activated.
Many features have been added in just this way, such as ‘ Escrow ‘, which allowed Ripple to lock in 55 billion XRP with monthly releases, and ‘ DeletableAccounts ‘, which allows you to delete accounts.
One of the amendments that has been under consideration for some time but has not yet been approved is ‘ Checks ‘.
The feature, which was first introduced in February 2018, may finally be approved because a UNL validator lifted the veto, meaning the amendment is unanimous by an 80% majority.
Alloy Networks wrote:
Today we will lift our veto on the “checks” amendment. And with that, one vote remains to the majority.
The fix is similar to paper checks and works with XRP and other currencies issued on the XRPL, and allows network users to exchange funds asynchronously – a process known and accepted in the financial industry.