XRPL Announces New Batch Upgrade to Take On Rivals Ethereum and Solana

The XRP Ledger (XRPL) is gearing up for a significant upgrade with the impending release of version 2.5.0 in June. Amidst increasing anticipations, the blockchain is integrating major features, including the Batch (XLS-56), ahead of the upgrade. As highlighted by Senior Software Engineer Mayukha Vadari, the team is introducing these groundbreaking features to enhance XRPL’s functionality.

XRP Ledger Integrates XLS-56: What to Know

In her latest X post, RippleX’s Senior Software Engineer Mayukha Vadari revealed that the XRP Ledger has integrated the Batch feature (XLS-56). This indicates that this innovative feature will be included in the upcoming version 2.5.0 release.

Notably, the XLS-56 amendment introduces batch transactions, enabling users to group up to eight transactions of any type, including support for atomic swaps. This feature also enables smart transaction dependency logic within bundled transactions, with potential applications spanning XRPL project monetization and NFT peer-to-peer trading.

In response to the significant milestone, an XRPL dUNL validator known on X as Vet shared a post, appreciating the whole team. The post read,

“Well done! Especially to Denis but also to everyone else who contributed to get this over the finishing line.”

It is noteworthy that this new feature emerges alongside XRPTurbo. XRPTurbo is a groundbreaking project that fuses AI and blockchain to deliver advanced automation and DeFi tools, potentially elevating the XRP Ledger to new heights.

More Features to Unlock

In a previous X post, the Senior executive hinted at a series of features yet to be unleashed. Vadari mainly outlined primary categories of testing and development networks for the XRP Ledger. These include the Testnet and Devnet. Testnet mirrors the mainnet with activated amendments. The Devnet activates finished amendments that are pending release or voting. This distinction allows for thorough testing and refinement of new features before they reach the mainnet.

While the first XRPL feature amendment is live, the other features are expected to be released soon. The other features include Account Permission Delegation, Multipurpose tokens (MPTs), Credentials, Permissioned Domains, and Dynamic NFTs. Smart Escrows is currently being tested on the WASM devnet.

XRPL, Solana, and Ethereum Go Head-to-Head

The upcoming XRPL 2.5.0 upgrade enters a competitive landscape alongside Solana’s Alpenglow and Ethereum’s Pectra. While XRPL is taking efforts to reduce network traffic, operational costs, and support future growth, Solana and Ethereum are primarily confronting blockchain scalability challenges.

Generally, the XRP community members praise XRPL for its security features and decentralization. According to Ripple CTO David Schwartz, XRPL’s scalable architecture can handle a high volume of transactions, making it suitable for noncustodial exchanges that require fast and reliable processing. He posited,

Imagine if you wanted to have a non-custodial exchange that could support high frequency trading and the security of the XRPL could guarantee you that they couldn’t just take your money.

Meanwhile, Solana’s high-throughput blockchain and low fees make it a strong contender for decentralized applications and DeFi platforms. At the same time, following the Pectra upgrade, Ethereum blockchain claims, “Ethereum’s L2 ecosystem is now stronger and more secure than ever before, thanks to the hard work of all these teams. Ethereum is for secure, decentralized L2s that grow the Ethereum ecosystem.”

Significantly, the XRPL’s recent integration of the XLS-56 is poised to place the blockchain ahead of other rival platforms. As the blockchain sphere continues to evolve day by day, the community closely watches major upgrades and other developments.

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Nynu V Jamal

Nynu V Jamal is a passionate crypto journalist with three years of experience in blockchain, web3, and fintech spheres. She has established herself as a knowledgeable and engaging voice in the cryptocurrency and blockchain space. Her experience as an Assistant Professor in English Language and Literature has further added to her quest for crafting informative, well-researched, and accessible content.

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