The XRPL has once again reached a new level of decentralization, after adding two more non-Ripple validators to the UNL.
At the time of writing, Ripple is only running 6 out of the 35 UNL validators, taking the percentage to an all-time low of 17.1%.
Why is this important?
For the first time ever, Ripple controls less than 20% of the network. This means that Ripple can no longer veto amendments. Prior to today, any amendment suggested, required Ripple’s approval.
The amendments system provides a means of introducing new features to the decentralized XRP Ledger network without causing disruptions. The amendments system works by utilizing the core consensus process of the network to approve any changes by showing continuous support before those changes go into effect. An amendment normally requires 80% support for two weeks before it can apply.
David Schwartz article on XRP Ledger amendments
David Schwartz explained the XRPL amendment process in an article published on February 11th, 2020. He explains the purpose of the process along with past amendments that were passed. Currently, one new feature proposed in the amendment process is Deletable Accounts and is waiting to acquire and retain an 80% supermajority, before it activates. This feature allows XRPL accounts to be removed from the ledger and recover most of the reserve locked in the accounts for spam prevention.
Will this new feature pass? Time will tell.
You can track the status of the amendment on XRP scan.