I was scrolling on my phone at noon and nearly thought I’d read it wrong: the XRP Ledger bug fix fixCleanup3_4_0, originally scheduled to go live tonight (10-23 09:34), saw validator support drop to 26 votes yesterday—two short of the required 29—in just two hours. The 14-day countdown reset to zero, and the new schedule is November 4.
This emergency fix addresses two problems: a vulnerability that lets accounts with only the power to burn tokens secretly mint them, and an error in the lending code that miscalculates bad debt. The irony is that Ripple’s flagship bank lending system doesn’t even have enough votes to get off the ground.
The wildest part is the rule: more than 80% of the 35 trusted validators must approve, with a check every 15 minutes for 14 days. If a validator goes offline even once, it counts as not voting. No one knows whether the validators who dropped off this time did so deliberately or whether their servers just happened to be rebooting.
Support is now back up to 31 votes, giving it a margin of two as it faces another 14 days. $XRP #XRP #XRPL #Amendment
Pick a side in the comments: A. Critical patches should be this strict; 14 days is worth the wait. B. A server reboot counting as a vote against? There’s something wrong with this governance system.
This emergency fix addresses two problems: a vulnerability that lets accounts with only the power to burn tokens secretly mint them, and an error in the lending code that miscalculates bad debt. The irony is that Ripple’s flagship bank lending system doesn’t even have enough votes to get off the ground.
The wildest part is the rule: more than 80% of the 35 trusted validators must approve, with a check every 15 minutes for 14 days. If a validator goes offline even once, it counts as not voting. No one knows whether the validators who dropped off this time did so deliberately or whether their servers just happened to be rebooting.
Support is now back up to 31 votes, giving it a margin of two as it faces another 14 days. $XRP #XRP #XRPL #Amendment
Pick a side in the comments: A. Critical patches should be this strict; 14 days is worth the wait. B. A server reboot counting as a vote against? There’s something wrong with this governance system.