Ripple says asset managers are preparing for XRP Ledger’s next payments upgrade
The upcoming Batch V1.1 can make linked asset and payment transfers succeed together or fail together, and Ripple says commercial projects are already being built around the feature after an extensive security review.
Ripple says asset managers and other commercial projects are preparing to use an XRP Ledger feature that can make several linked transactions settle together, as a rebuilt version of the upgrade approaches activation following an extensive security review.
The feature, called Batch V1.1, can combine as many as eight transactions into a single operation. Its all-or-nothing mode ensures that every transaction succeeds or the entire group is canceled, avoiding cases in which one side of a deal settles while the other fails.
“We’ll be sharing more once the feature is live, including work with key asset managers,” Ayo Akinyele, head of engineering at RippleX, said in comments shared with CoinDesk.
The approaching activation follows a security failure that caused developers to withdraw the original version.