RippleX engineering lead Ayo Akinyele said commercial projects, including asset management firms, are preparing to use XRP Ledger Batch V1.1. The feature can bundle up to eight transactions into a single operation and uses an all-or-nothing execution model. According to the update, that design can support delivery-versus-payment, or DvP, settlement and also lets exchanges, wallets, and marketplaces combine service fees with customer payments in one flow. Support has now reached 30 of the 35 tracked validator nodes, above the 28 votes required to enter the activation countdown. That countdown began at 14:06:41 UTC on Sept. 15. If support stays at or above 80% throughout the 14-day window, the proposal is expected to activate after the same time on Sept. 29. The earlier Batch V1.0 proposal was withdrawn in February after a critical signature-verification flaw was found. It was never activated and caused no loss of funds. The patched version shipped with xrpld 3.3.0 on Aug. 6.
RippleX engineering lead Ayo Akinyele said commercial projects, including asset management firms, are preparing to use XRP Ledger Batch V1.1.
Batch V1.1 groups up to eight transactions into one operation
The feature can package as many as eight transactions into a single operation and uses an all-or-nothing model. According to the details provided, it can be used for delivery-versus-payment, or DvP, settlement. It can also allow exchanges, wallets, and marketplaces to combine service fees with customer payments.
Support has reached 30 validator nodes
Of the 35 tracked validator nodes, 30 now support the proposal, above the 28 votes needed to start the activation countdown. The countdown began at 14:06:41 UTC on Sept. 15. If support remains at no less than 80% during the 14-day window, activation is expected after the same time on Sept. 29.
Earlier version was withdrawn in February
Batch V1.0 was withdrawn in February after a critical flaw in signature verification was identified. It was never activated and did not result in any loss of funds. The patched version was later released with xrpld 3.3.0 on Aug. 6.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
