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XRP Ledger Activates Batch Feature for Bundled Transactions

The XRP Ledger has activated its Batch feature on mainnet, allowing users to bundle between two and eight transactions into a single operation.

XRP Ledger Activates Batch Feature for Bundled Transactions
Image: BullishMarketCap

The XRP Ledger has activated its Batch feature on mainnet following a two-week validator approval period, according to reporting by CryptoNews. The amendment, designated as BatchV1_1, secured support from 30 of 35 validators, achieving an approval rate of approximately 85.7% after five validators opposed the change.

Execution Modes and Use Cases

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The Batch feature allows users to bundle between two and eight inner transactions into a single outer transaction. According to the published specification, participants must choose from four execution modes: All or Nothing, Only One, Until Failure, and Independent. The All or Nothing setting requires every included action to succeed, while other modes permit alternative execution sequences or independent processing.

Validator Vet identified potential applications for the feature, including over-the-counter trades, delivery-versus-payment settlement, and NFT-for-NFT exchanges. RippleX also noted that commercial projects using Batch were already under development or contract, citing examples such as token swaps between users and customer payments paired with platform fees.

Lending Revision and Corporate Developments

Separate from the Batch activation, XRPL's LendingProtocolV1_1 amendment introduces closed-ended vaults and cash-basis accounting, subject to validator approval. The lending design features defined subscription, investment, and redemption periods, alongside new interest recognition rules for newly created vaults.

In separate corporate developments related to the broader ecosystem, Evernorth's planned Nasdaq listing under the ticker XRPN was revised following an administrative delay, with trading expected to begin on October 12 after its transaction with Armada Acquisition Corp. II closes.

Key facts

  • The XRP Ledger activated the BatchV1_1 amendment on mainnet with support from 30 out of 35 validators.
  • The approval rate reached approximately 85.7% after a two-week validator review period.
  • Batch allows users to bundle between two and eight transactions using four execution modes.
  • Validator Vet and RippleX highlighted institutional and retail use cases including OTC trades and token swaps.
$XRP#XRPL#XRP#CryptoNews

Source: crypto.news

This article is for information only and is not investment advice. BullishMarketCap news is produced with AI assistance from public sources and reviewed by our editors; see our editorial policy. Spotted an error? Tell us.

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