XRP Ledger bug fix to activate Wednesday with 33 validators
The XRP Ledger's fixCleanup3_4_0 bug-fix package is set to activate on Wednesday, Nov. 4, closing a loophole that let authorized token-burners also mint new tokens — a security patch affecting stablecoin and token-issuer accounts. Validator support stands at 33 of 35 trusted validators, up from a dip to 26 that briefly restarted the required 14-day countdown.
The patch also revises vault and loan-default calculations tied to the network's forthcoming uncollateralized lending system, which remains switched off; XRP itself is unaffected. The lending and vault amendments are still short of the 29 votes needed to start their own countdowns, and support must hold for 14 straight days.
Sources
- UPDATE: The XRP Ledger is set to activate a fix on Wednesday closing a loophole that lets authorized token-burners also create new tokens, a security patch affecting stablecoin issuers, with 33 of 35 trusted validators already in support. https://t.co/xK1FXdlwPtx.com ↗
- XRP Ledger set to fix flaw that could let stablecoin partners print new tokenscoindesk.com ↗
- UPDATE: XRP Ledger's bug fix countdown restarted after validator support dropped to 26 of 35, pushing the patch to November. Support has since recovered to 31 validators, but the two-week clock reset means the fix missed its near-final window. https://t.co/cbe1Nd78xlx.com ↗
- XRP Ledger bug fix moved to November after validator support dipped for two hourscoindesk.com ↗
- LATEST: The XRP Ledger activates a bug-fix upgrade on Friday patching its forthcoming lending system, but the lending protocol itself, which @Ripple has pitched to banks for cross-border settlements, still needs 10 more validator votes out of 29 required before it can go live. https://t.co/eSQjGr2CkMx.com ↗
- XRP Ledger is set to fix its lending code before anyone can use itcoindesk.com ↗
CoinDesk
