XRP Ledger’s DID Amendment Advances Decentralized Identities in Web3

• The XRP Ledger’s DID amendment enhances Web3 security by enabling decentralized identities, advancing universal data control in line with W3C standards.
• With XRP Ledger validators’ consensus, the DID amendment went live, offering verifiable, on-chain IDs that boost secure user identification.
• Following rigorous testing, XRP Ledger’s anticipated RLUSD stablecoin promises improved liquidity, setting XRPL as a strong contender among layer-1 solutions.

The XRP Ledger (XRPL) is rolling out a critical upgrade aimed at enhancing decentralized identity (DID) functionality on-chain. This DID amendment, recently activated on XRPL, seeks to provide a more secure framework for decentralized identity verification within the Web3 ecosystem. As user data security remains a pressing concern, this new feature represents a meaningful step forward for the XRP Ledger and the broader blockchain landscape.

Key Validator Consensus Reaches New Amendment Milestone

The DID amendment’s live activation follows a decisive vote by XRP Ledger validators. During a mandatory two-week period, 30 out of 35 validators voted in favor of the amendment, clearing the threshold for activation. This mutual validator consensus was essential in bringing the DID amendment to fruition, underscoring its alignment with the XRP Ledger’s mission to strengthen data security within blockchain applications.

According to RippleX developer Mayukha Vadari, the DID serves as a unique identifier, akin to a fingerprint in real-world applications. While DIDs by themselves may not provide substantial value, they hold significant utility when combined with broader data applications. Consequently, with DID support in place, the XRPL strengthens its foundation as a secure layer-1 blockchain, especially in handling personal data security.

W3C-Compliant DID Offers Global Interoperability

Incorporating the DID framework according to the World Wide Web Consortium (W3C) standards, the amendment ensures universal compatibility with other digital identity protocols, enabling broader application potential. By linking DID documents to on-chain identifiers, users can create verifiable digital identities directly on the XRPL. Importantly, the unique DID structure prevents users’ identities from being forged, a benefit that contributes to higher security in online interactions.

This innovative DID approach aligns XRPL with other protocols, such as Cardano, which are actively exploring similar technology. Additionally, it meets the growing need for secure identity solutions in Web3 applications, allowing XRPL to address data control challenges.

Beyond the DID amendment, the XRP Ledger has recently introduced several enhancements, notably automated market maker (AMM) updates. This continued development within the XRPL ecosystem positions the blockchain as a strong contender among layer-1 protocols.

A prominent feature awaited by the community is the RLUSD stablecoin, designed to enhance liquidity across XRPL’s trading pools. The stablecoin is currently undergoing rigorous testing, with significant minting, burning, and transfer transactions being recorded in preparation. Once launched, RLUSD aims to optimize liquidity on the protocol and set XRPL apart from its competitors, particularly in terms of trading efficiency.