Skip to main content

Major Amendment Goes Live on XRP Ledger

This new feature will allow network participants to recover lost funds in the event of a malicious or accidental transaction.

What is AMMClawback?
AMMClawback stands for Automated Market Maker (AMM) Clawback and is a new feature on the XRP Ledger. It was proposed by Ripple in 2020 as an amendment to improve the security and efficiency of the network.

How does it work?
When a transaction is sent, a small portion of the sender's funds will be set aside as a "clawback" in case the transaction is deemed invalid. This clawback can then be used to recover any lost funds in the event of a malicious or accidental transaction.

Why is it important?
AMMClawback adds an extra layer of security and protection for XRP Ledger users. In the past, if a user accidentally sent their funds to the wrong address or fell victim to a scam, there was no way to recover those lost funds. With AMMClawback, there is now a safety net in place to help mitigate these risks.

What does this mean for XRP?
With the implementation of AMMClawback, XRP is leading the way in security and innovation in the world of cryptocurrency. This new feature not only benefits individual users, but also adds to the overall integrity and reliability of the XRP Ledger. Keep an eye on #AMMClawback and #XRP to stay updated on the latest developments and discussions surrounding this amendment.

Conclusion
In conclusion, the AMMClawback amendment is a major step forward for the XRP Ledger and the cryptocurrency world as a whole. The added security and peace of mind for users is invaluable, and we can expect to see other networks following suit and implementing similar features. Stay tuned for more updates and news on the exciting world of XRP and #cryptocurrency.


Sentiment Result: Positive

Image
Labels:

Comments

Post a Comment

Popular posts from this blog

Bitcoin Price Recovers After Fed Announces No Rate Hike At FOMC

📈💰The Federal Reserve announced today that it will maintain its current interest rates, citing a strong job market and moderate economic growth. This decision comes as no surprise to those in the crypto community, as many have been anticipating this outcome for weeks. However, this news may have some investors feeling slightly disappointed, as they were hoping for a rate cut to boost the market.💸💻Crypto tickers such as BTC, ETH, and XRP have been trending upwards in recent weeks, with many investors hoping for a continued bull run. However, with the Fed's decision to keep interest rates steady, some may be wondering if this will have a negative impact on the market. While it's impossible to predict the exact effect on crypto prices, it's important to remember that the Fed's decision is based on a variety of factors and not solely on the crypto market.📉🌎The Fed's decision also has implications for the stock market, with many investors closely watching the anno...
Post a Comment
Continue Reading »

Crypto Talkies July 31st 2025

As the sun sets on yet another eventful day in the cryptoverse, let’s take a moment to unpack the bustling activity that shaped today's headlines. It's been a whirlwind of legal drama, financial triumphs, and regulatory shifts, promising to keep the digital landscape as dynamic as ever. In a striking legal twist, Samourai Wallet developers Keonne Rodriguez and William Lonergan Hill found themselves pleading guilty to unlicensed money transmission. The tool, aimed at safeguarding privacy, allegedly facilitated laundering over $100 million, leaving Rodriguez and Hill facing a five-year prison sentence. The case underscores the ongoing legal challenges within the cryptocurrency ecosystem. Meanwhile, Kraken has something to cheer about as its Q2 revenue saw an impressive 18% increase, reaching $411.6 million. However, there’s a slight dip in its adjusted EBITDA by 7%. The platform's strategic transition towards traditional finance products is worth watching as it ambitiously ...
Post a Comment
Continue Reading »

Crypto Talkies August 4th 2025

As the sun sets on yet another eventful day in the crypto-sphere, let's take a look back at the developments that have kept the digital asset community buzzing. Starting with the Cardano community, a landmark decision was reached with a whopping $71 million fund allocation aimed at turbocharging the network's core development. In a pivotal move towards decentralized governance, the proposal gained approximately 74% voter approval despite initial transparency concerns and rival bids. This $71 million ticket to innovation marks a new chapter for Cardano and its enthusiasts (ADA). Meanwhile, in the far north, Japan's Metaplanet has bolstered its Bitcoin stash by purchasing an additional 463 BTC, totaling an impressive 17,595 Bitcoin for the firm. Valued at about $54 million, this acquisition amid a Bitcoin dip in August reinforces Metaplanet's strategic accumulation and propels it into the ranks of the top Bitcoin-holding companies globally (BTC). Not to be overshadowed...
Post a Comment
Continue Reading »