{"id":500965,"date":"2026-05-24T21:48:29","date_gmt":"2026-05-24T21:48:29","guid":{"rendered":"https:\/\/www.europesays.com\/ie\/500965\/"},"modified":"2026-05-24T21:48:29","modified_gmt":"2026-05-24T21:48:29","slug":"xrp-ledgers-may-27-upgrade-is-bigger-than-it-looks","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ie\/500965\/","title":{"rendered":"XRP Ledger’s May 27 upgrade is bigger than it looks"},"content":{"rendered":"\n

Launched in 2012, XRP Ledger<\/a> is a blockchain network built by a team, some of whose members are also behind the popular crypto and blockchain company\u00a0Ripple Labs<\/a>.<\/p>\n

The XRP Ledger’s native token is XRP<\/a>,\u00a0which is the world’s fifth-largest cryptocurrency with a market capitalization of $82.6 billion.<\/p>\n

Related: XRP futures hit $63 billion since CME debut<\/a><\/strong><\/p>\n

What May 27 upgrade on XRP Ledger means <\/p>\n

On May 8, the XRP Ledger Foundation announced on X<\/a> that version\u00a03.1.3<\/strong> of the blockchain network is available.<\/p>\n

It is\u00a0a maintenance and bug-fix upgrade that\u00a0requires\u00a0no manual voting, and an upgrade itself is enough. The Foundation asked\u00a0operators to\u00a0upgrade their nodes quickly.<\/p>\n

The XRP Ledger shared<\/a> more details on the upgrade on May 14, which mentioned the\u00a0fixCleanup3_1_3 amendment<\/strong>.<\/p>\n

This amendment carries fixes across non-fungible tokens (NFTs), permissioned domains, vaults, and the lending protocol.<\/p>\n

Sometimes, expired NFT offers remain stuck on the ledger even after they should disappear.\u00a0The amendment automatically removes expired NFT offers, keeps the ledger cleaner, and prevents inconsistent NFT data. In simple words, the amendment\u00a0cleans up \u201cdead\u201d NFT offers.<\/p>\n

The XRP Ledger is a financial network popular among institutions. It is building\u00a0financial tools like\u00a0token vaults, treasury systems, and\u00a0lending instruments.\u00a0A bug allowed some withdrawals to bypass token-limit checks.<\/p>\n

The amendment\u00a0enforces proper limits and ensures\u00a0financial security rules are\u00a0strictly\u00a0upheld.<\/p>\n

The\u00a0XRP Ledger\u00a0has also been developing a native lending infrastructure, but some loan records didn’t\u00a0update properly, particularly during\u00a0defaults or repayments. The amendment fixes bookkeeping\u00a0errors so that\u00a0loan balances are properly updated.<\/p>\n

The Ledger had another bug in that a failed transaction could accidentally modify restricted-access settings. The amendment prevents that failure.<\/p>\n

The mainnet upgrade goes live on May 27.<\/p>\n

Trending on TheStreet Roundtable: Why version 3.1.3 upgrade on XRP Ledger matters <\/p>\n

The XRP Ledger upgrading to version\u00a03.1.3 means a lot to the blockchain network because it means the financial system is\u00a0maturing beyond a simple payments system.<\/p>\n

NFTs, tokenization, vault systems, institutional finance tools, lending infrastructure\u2014you name it, the XRP Ledger is building it.<\/p>\n","protected":false},"excerpt":{"rendered":"Launched in 2012, XRP Ledger is a blockchain network built by a team, some of whose members are…\n","protected":false},"author":2,"featured_media":500966,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[73],"tags":[79,18,19,17,41247,217794],"class_list":["post-500965","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-business","tag-eire","tag-ie","tag-ireland","tag-upgrade","tag-xrp-ledger"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@ie\/116631758837951400","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/500965","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/comments?post=500965"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/500965\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media\/500966"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media?parent=500965"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/categories?post=500965"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/tags?post=500965"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}