The RippleX engineering team has rolled out a notable update to the XRP Ledger with a focus on enhancing security and trust in digital asset transactions
yesterday a significant update to the XRP Ledger, aiming to bring a heightened level of trust and safety to digital asset transactions.
Known as the Clawback feature, this will be part of a proposed amendment, XLS-39, to the ledger's existing infrastructure. As the name suggests, this feature allows businesses that issue digital tokens or assets to take back those assets under special conditions, such as when an account is lost or when fraud is detected. In simple terms, it adds a layer of safety by giving the issuer more control over their tokens after they've been distributed.
The Clawback feature aims to balance the needs of both the issuer and the token holder. For example, if you own tokens and get locked out of your account, the business that issued those tokens could use Clawback to move your tokens to a new, secure account. This adds a safety net for users, helping prevent the loss of assets.This feature could be particularly useful for financial institutions and other regulated businesses.
The Clawback feature is optional and must be specifically activated. It also can't be applied to XRP, the digital currency native to the
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
2024 Ford F-150 Range May Include Lowered, Aggressive Version Dubbed 'Lobo'It is unclear what could power the 'sinister and aggressive' road-focused version of the 2024 Ford F-150
Read more »
Gregg Berhalter's first roster since U.S. Soccer controversy doesn't include Gio ReynaU.S. men's soccer coach Gregg Berhalter called up a mix of World Cup veterans and less experienced players for friendlies, notably omitting Gio Reyna.
Read more »
Schumer’s AI meeting will include top labor and civil rights advocatesAFL-CIO Liz Shuler and Leadership Conference on Civil and Human Rights president and CEO Maya Wiley will join top tech executives at the forum.
Read more »
Pope to include Latter-day Saints in interfaith meeting during groundbreaking visit to MongoliaPope Francis is traveling to Mongolia this week to minister to one of the world's tiniest and newest Catholic communities, the first-ever visit by a Roman pontiff to the East Asian country.
Read more »
Pope to include Latter-day Saints in interfaith meeting during groundbreaking visit to MongoliaPope Francis is traveling to Mongolia this week to minister to one of the world's tiniest and newest Catholic communities, the first-ever visit by a Roman pontiff to the East Asian country.
Read more »
Safety measures at Philly schools to include drones, AI-powered gun detection and more police presenceIn the 2022-23 school year, 199 public school students were shot and 33 killed, which led to the beefed-up security for the 2023-24 school year.
Read more »