XRP Ledger Deploys 3.2.0 Upgrade with Security Patches

The XRP Ledger has deployed a significant network upgrade and initiated a major security partnership, marking a concerted push to strengthen its technical foundation for institutional and decentralized finance applications. The 3.2.0 upgrade, which began rolling out on June 15, includes critical security patches and performance improvements, while a formal verification collaboration with blockchain security firm Common Prefix aims to proactively identify vulnerabilities.

The upgrade followed an independent audit by Common Prefix, which employed formal verification-a mathematical technique to prove software behaves as specified-to examine the ledger’s consensus architecture. The audit uncovered computational anomalies and edge-case bugs in xrpld, the core server software. The identified vulnerabilities have been addressed in the 3.2.0 release, according to the XRP Ledger Foundation. The partnership extends beyond the initial audit, with Common Prefix committed to maintaining the technical specification for the network’s Payment Engine and conducting formal verification on upcoming proposals for a Single Asset Vault and a native Lending Protocol.