XRP Ledger (XRPL), the much-discussed Clawback feature, has surpassed its voting threshold, garnering an 80% approval rate among validators. This development, included in the latest rippled 1.12.0 release, marks a pivotal moment in the evolution of the XRPL, introducing enhanced token asset control capabilities.
Understanding the XRPL Clawback Feature
The Clawback feature is a major enhancement to the XRPL’s token asset management tools. It allows developers the authority to reverse token transactions in specific scenarios, such as cases of fraud, or to assist in account recovery for users who have lost access to their credentials.
This functionality is governed by a Trustline flag, which users must activate to engage with the relevant asset. This flag ensures transparency, allowing users to verify the status of the Clawback provision and make informed decisions in their transactions.
Additionally, the Clawback feature complements the existing Freeze feature of the XRPL. The Freeze f
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