XRP Ledger Update Postponed at the Last Minute
The planned fixCleanup3_4_0 update for the XRP Ledger (XRPL) has been postponed to November due to validator support temporarily falling below the required level.
Why Was the Update Postponed?
The required support for fixCleanup3_4_0 was reached on Monday, and the update was expected to activate on October 23 at 12:34 UTC. However, according to XRPL Dashboard data, the number of supporting validators dropped to 26 on Wednesday at 15:54 UTC.
For an update to be activated on the XRPL, it must maintain support from at least 29 of the 35 default trusted validators continuously for 14 days. The vote count dropping to 26 caused this condition to be broken and the countdown to reset.
Support reached 29 validators again at 17:46 UTC the same day, and a new 14-day process began. According to XRPLWin data, the update’s new activation time appears as November 4 at 17:46 UTC.
Later, the number of supporting validators rose to 31, surpassing the required threshold.
Countdown Repeating
The support status on the network is checked approximately every 15 minutes. Therefore, even a single checkpoint during the 14-day process where the vote count drops below 29 can cause the countdown to restart.
XRPL Dashboard and XRPLWin did not show which validators temporarily dropped out of the supporters. For this, a validator does not even need to vote against the update.
The server remaining offline or restarting at a time coinciding with a checkpoint may cause the relevant game to temporarily not join the account.
fixCleanup3_4_0; brings together various fixes for different parts of the XRP Ledger, including Single Asset Vaults, automated market makers (AMM), permissioned decentralized exchanges (DEX), trust lines, NFTs, MPTs, escrow transactions, transaction signing, and delegation.
What Other Changes Does XRPL 3.4.0 Bring?
Apart from the fixCleanup3_4_0 package, the XRPL 3.4.0 server version also includes another amendment proposal named LendingProtocolV1_1. This change adds closed-end vaults and cash-basis accounting features to the native lending system planned to be released soon.
In this system, as vaults go through subscription, investment, and repayment phases, interest income is recorded only when loan payments are received.
As the validator voting for LendingProtocolV1_1 continues, the support rate stands at 54.29%.
