The XRP Ledger is poised for a significant upgrade as COO Robert Kiuru highlights batch transactions as a transformative feature for the network. Speaking on Ripple’s Onchain Economy series, Kiuru explained that batch transactions would allow multiple actions to be executed together, enabling developers to bundle services and charge fees more sustainably. This advancement aims to address the challenge of monetizing apps on a fixed function ledger by improving reliability and revenue potential.
The batch transactions feature, known as XLS-56, is currently undergoing validator voting, with 67.65% support. It requires 80% consensus to progress, needing 27 out of 34 validators to approve. This development could simplify the creation of revenue-generating apps and support more advanced financial use cases.
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