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- Welcome Kevin_Lee to the Gate Square! 🎉
Looking forward to more great crypto insights from him.
Check out and engage with Kevin_Lee’s latest post!
👉 Post: https://www.gate.com/post/status/11758920
👉 Profile: https://www.gate.com/profile/Kevin%20Lee
Let’s give Kevin_Lee a warm welcome! 👏👏👏
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XRPL Publishes Crucial Proposal for XRP Monetization Tools
XRP Ledger to adopt batch transactions: Major proposal released
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.
New dawn for NFTs and apps on XRPL
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.