XRP Ledger to adopt batch transactions: Major proposal released
XRP Ledger (XRPL), a mainstream programmable blockchain known for its XRP crypto token, inches closer to a crucial tech update. Demonstrated by XLS-56d, XRPL Batch Transactions can change narratives in app development, monetization and non-fungible tokens on XRP Ledger.
Authored by XRPL Labs developer Denis Angell, the new XRPL proposal, XLS-56d “Batch Transactions,” has been published for public discussion. If implemented, the upgrade is set to make XRPL asset transfers way more cost-effective and user-friendly than ever before.
For dApp developers, XLS-56d activation will result in the opportunity to build reliable, revenue-generating apps directly on-chain.
Technically, Batch Transactions will allow blockchain accounts to bundle a series of actions into a single transfer and validate it in an atomic manner. Namely, up to eight actions will be accompanied by only one submission action, one signature, one fee all while following guaranteed outcome logic.
With scattered code bundled into a single, unstoppable flow, XRPL devs will be able to offer better paid features, automate user flows, build SaaS-style payment logic and create premium tiers in a seamless, standardized and low-cost manner.
For instance, while building B2C dApps on XRP Ledger, engineers will now be able to add more sophisticated business logic for more attractive and profitable monetization designs.
Apps will be enabled to charge platform fees inside user transactions, initiate trustless token swaps across accounts and attach fallback logic for failed transfers.
Also, the new development will be of paramount importance for NFTs on XRP Ledger. Applications will be able to leverage paid NFT mints or listing flows.
The vote for the amendment is live on official XRP Ledger resources. As of printing time, it scored three validators’ support out of 28 needed, with Ripple already having signaled support.
