Escrow, PayChan, and fix1368 Will Be Available in 3 Days
A majority of rippled validators voted to enable the Escrow, PayChan, and fix1368 Amendments, which are scheduled to become enabled on the network on Thursday, 2017-03-30.
Escrow (previously called SusPay), designed for low volume, high value transactions, permits users to cryptographically escrow XRP on RCL with an expiration date using a hashlock crypto-condition.
PayChan, designed for high volume, low value transactions, flowing in a single direction. The scalability of these transactions is not limited by the Ripple Consensus ledger, and they do not incur the risks typically associated with delayed settlement.
fix1368 fixes a minor bug in transaction processing that causes some payments to fail when they should be valid.
Action Required
If you operate a rippled server, then you should upgrade to version 0.60.0 by Thursday, 2017-03-30, for service continuity.
Impact of Not Upgrading
If you operate a rippled server but don’t upgrade to version 0.60.0 by Thursday, 2017-03-30, when Escrow, PayChan & fix1368 are expected to be activated via Amendment, then your server will become amendment blocked, meaning that your server:
- Cannot determine the validity of a ledger
- Cannot submit or process transactions
- Does not participate in the consensus process
- Does not vote on future amendments
- Could rely on potentially invalid data
If the Escrow, PayChan & fix1368 amendments do not get approved, then your server will not become amendment blocked and should continue to operate.
For instructions on updating rippled on supported platforms, see Updating rippled on supported platforms.
Learn, ask questions, and discuss
Related documentation is available in the Ripple Developer Portal, including detailed example API calls and web tools for API testing.
Other resources:
- The Ripple Forum (Disabled. Formerly
forum.ripple.com) - The Ripple Dev Blog
- Ripple Technical Services: [email protected]
- XRP Chat