From 24/7 Wall St. · Sam Daodu · · 1m 20s
Ripple Batch Upgrade Prepares Asset Managers
XRP Ledger's batch upgrade activates September 29 with 30 validators supporting.
In brief
XRP Ledger's batch upgrade activates September 29 with 30 validators supporting. XRP Ledger's batch upgrade activates September 29 with 30 validators supporting, enabling all-or-nothing transactions for asset managers without immediate XRP demand impact. Originally reported by 24/7 Wall St..
XRP Ledger Upgrade Approaching
The XRP Ledger is days away from activating its most consequential upgrade in years.
Batch Amendment Status
The Batch amendment has gained support from 30 out of 35 validators as of September 20.
Activation Deadline
The upgrade must activate on September 29 at 14:06 UTC with at least 28 validators supporting.
Batch Transaction Feature
Batch groups two to eight transactions under one main transaction with four processing options.
All-or-Nothing Benefit
The all-or-nothing mode ensures asset and payment occur simultaneously in securities trades.
Fee Transparency
Exchanges can bundle transaction fees within a customer's batch for transparency and efficiency.
Previous Batch Failure
The initial Batch version was pulled in February due to a code flaw allowing unauthorized transactions.
Revised Batch Security
The revised Batch version has undergone extensive audits and security testing to address vulnerabilities.
Activation Probability
With 30 validators supporting for six days, Batch will likely activate on September 29 at 14:06 UTC.
The short version
XRP Ledger's batch upgrade activates September 29 with 30 validators supporting, enabling all-or-nothing transactions for asset managers without immediate XRP demand impact.
