Recently, the XRP Ledger announced the release of version 2.5.0, which garnered attention from Ripple CEO Brad Garlinghouse. This update includes several new features and improvements.
Brad Garlinghouse's Reaction to XRP Ledger Update
Ripple's CEO Brad Garlinghouse reacted to the release of XRP Ledger version 2.5.0, stating that it represents "huge progress" and congratulating developers on the successful update.
New Features and Fixes in XRPL Update
The version 2.5.0 update features enhancements to escrow functionality, the ability to group and execute multiple transactions simultaneously, and the addition of permissioned decentralized exchanges. Fixes for NFT interactions and payment channel creation are also included.
XRP Price Dynamics Following Update
Following the update, the price of XRP remained at $2.19. Trading volume has decreased by 46% over the past 24 hours. Meanwhile, the open interest in XRP futures increased by 1.52%, indicating ongoing bullish sentiment among traders.
The XRP Ledger update may significantly impact the network's speed and efficiency, laying the groundwork for further growth in XRP's popularity.
