XRP Ledger COO Mentions Key Focus for Network Sustainability: Details

utoday

01/16

In a recent episode of Ripple's on-chain economy series, Robert Kiuru, COO of XRPL Labs and Xaman Wallet, explains the next frontier of the XRP Ledger ecosystem: batch transactions.In episode 8 of ...

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He believes that batch transactions would allow everyone to either take a fee or figure out a different angle to monetize their services.Batch transactionsThe XRP Ledger enables fast and efficient transactions without the need for complex smart contracts at every step. However, a key limitation exists: multiple transactions cannot be executed atomically. This means that if a complex operation requires several transactions, a failure in one can leave the system in an incomplete or unexpected state.A batch transaction allows multiple transactions to be packaged together and executed as a single unit.The batch transactions feature is expected to make it even easier for developers to build apps that can generate revenue directly on-chain.The amendment will make it much easier to offer paid features, automate flows, build apps that generate revenue and prepare XRP Ledger to support serious financial apps.Batch Transactions (XLS-56), introduced last year through the rippled v2.5.0 release, is still being voted upon, currently at 67.65% consensus, with 23 validators voting in support and 11 against.For the amendment to enter activation timer, it must attain a majority, with 80% consensus from validators - that is, with 27 out of 34 voting in support.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}