The XRP Ledger (XRPL) has rolled out a significant software update version 2.5.0, bringing numerous enhancements aimed at increasing competitiveness with Ethereum and Solana.
Batch Transactions: A New Level for Businesses
One of the most anticipated features of this update is batch transactions. This will enable enterprises to make mass payments and distribute tokens more efficiently, opening real use cases for institutions.
Token Escrow: Security and Automation
Another significant new feature is token escrow, which facilitates safe and automated payouts, particularly useful for vesting schedules and dApp deposit management.
Overall Impact of the Update on XRP Ledger and the Market
The update also introduces permissioned decentralized exchange (DEX) and permission delegation, providing developers with greater control and flexibility. Together with these functionalities, version 2.5.0 addresses several bugs, making the network faster and more stable. The positive changes are already evident: daily addresses on XRPL have surged sevenfold, and whale wallets have reached new record levels.
The XRP Ledger update 2.5.0 marks a significant advancement for the network, bolstering its position in the market and attracting the interest of major companies. Key improvements such as batch transactions and token escrow provide a wider range of opportunities for users and institutional investors.
