XRP Ledger (XRPL) is conducting an important update aimed at implementing batch transactions, which could significantly simplify and reduce the cost of asset transfers on the platform.
XRP Ledger Update: Batch Transactions
The XLS-56d proposal, authored by Denis Angell from XRPL Labs, marks a significant step forward for XRP Ledger. If the upgrade is implemented, it will make asset transfers on XRPL more cost-effective and user-friendly.
Impact on App Development and NFTs
With the activation of XLS-56d, dApp developers will have the opportunity to build reliable and revenue-generating apps directly on blockchain. Batch transactions will allow bundling a series of actions into a single transfer, enhancing business logic and monetization designs for apps and NFTs on XRP Ledger.
Voting Status and Future of the Update
The vote on the proposal is live on official XRP Ledger resources. At the time of writing, the new feature has gained support from three validators out of the 28 needed. Ripple has already expressed its support for the proposal.
The implementation of batch transactions on XRP Ledger could potentially transform the landscape of app development and NFTs, providing new opportunities for monetization and process automation.
