web3: XRP Ledger upgrade passes final vote, multiple features to be launched
Coinpedia
07-27 02:11
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An upgrade to XRP Ledger has passed the final vote, and features such as bulk transactions, privacy transfers, and institutional lending will be rolled out later.
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A key upgrade to XRP Ledger has completed its final vote. According to the article, the update, called "batched fix," has reached the 80% voting threshold and is expected to officially take effect in the coming days. Meanwhile, discussions surrounding future feature expansions for the chain are also underway, focusing on transaction packaging, privacy transfers, and institutional financial instruments.

The batch fix is expected to take effect within a few days.

This approved upgrade falls under the XRP Ledger amendment process. The article states that the update has achieved the required support percentage and is therefore entering the final stage before deployment.

  • Batch transactions can package up to 8 transactions into a single atomic operation.
  • Zero-knowledge proof privacy features to support confidential transfers
  • Delegation of permissions allows an account to be granted specific permissions without transferring full control.

Token and account functionality continues to expand

The article mentions that another area of interest is dynamic multipurpose tokens. These tokens can still update some fields after issuance, meaning their on-chain information and uses can continue to be adjusted.

Furthermore, the implementation of permission delegation will allow for more granular account management. Users or organizations can grant only partial access permissions instead of relinquishing full control. This type of design is typically more suitable for enterprise accounts, service provider integration, and multi-role collaboration scenarios.

Single-asset vaults and lending agreements are attracting attention.

The article also mentions two proposals that have garnered more market attention. One is Single Asset Vault, which would allow users to pool XRP, RLUSD, or other tokens into a single vault structure. The other is a lending protocol built on top of this vault, aiming to provide fixed-term, unsecured institutional lending.

If these features are ultimately implemented, the XRP Ledger's role will no longer be limited to transfers and basic transactions, but will extend further into on-chain financial infrastructure. However, this part is still under discussion and has not yet been finalized like the batched fix.

Built-in DEXs are gaining renewed attention amid exchange contraction.

The article also mentions that the recent closure of several centralized exchanges has led the market to refocus on the substitutability of native on-chain trading systems. In this context, the decentralized exchange built into XRP Ledger is seen as a continuously available trading gateway.

Because this DEX does not rely on a single platform for operation, users can theoretically still complete transactions and asset operations on-chain even if they lose their original centralized exchanges. The article argues that this is one of the reasons why the value of the XRP Ledger infrastructure is being discussed again during the current market volatility.

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