The XRP Ledger (XRPL) has launched version 3.0.0 of its reference server software, rippled. This update includes a comprehensive range of amendments, bug fixes, and internal modifications designed to enhance accounting precision, developer tools, and long-term adaptability of the protocol.
XRPL server operators must upgrade to this version to ensure network compatibility, as stated by RippleX, the division responsible for the ledger’s core software development.
Although this release lacks major user-facing features, it emphasizes correcting subtle inconsistencies in the ledger, refining API functionality, and restructuring code in anticipation of future protocol upgrades. This is crucial as the network increasingly focuses on tokenization, DeFi, and institutional-grade infrastructures.
One significant change is the fixTokenEscrowV1, which rectifies an accounting miscalculation related to multi-purpose tokens (MPTs) in escrow.
Previously, when unlocking escrowed tokens with transfer fees, the ledger reduced the issuer’s locked balance by the gross total rather than the net amount post-fee deduction. This incorrect subtraction during token release led to minor, yet accumulative accounting errors, resulting in discrepancies between reported supply and circulating balances over time.
The update ensures that supply tracking remains accurate, especially as more tokenized assets utilize XRPL’s escrow and fee mechanisms.
Additional amendments tackle edge-case problems regarding automated market makers (AMMs), price oracles, and token delivery metadata—key areas as XRPL evolves beyond basic payments.
In addition to changes at the protocol level, the update enhances consensus stall detection, logging clarity, JSON parsing, and CI tools. These improvements are focused on operators and contributors instead of end users, playing a vital role in sustaining network reliability.
XRPL version 3.0.0 also increases warning levels for malformed validator manifests and tightens signature verification logic—incremental improvements that bolster security without modifying consensus rules.
By addressing token accounting edge cases, enforcing stricter APIs, and refactoring core systems, this update reinforces the ledger’s foundations as it progresses toward more complex financial applications.
