XRP Ledger is one vote away from starting its next big payments upgrade
Reported by CoinDesk · AI-assisted summary by ChikoCorp AI News Desk
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Summary
The XRP Ledger is near implementing a significant payments upgrade called Batch V1.1, which enables users to bundle up to eight transactions into one. Currently, 27 out of 35 trusted validators support this change, suggesting it is close to being adopted with just one more vote needed.
Why it matters
The development could impact the ledger's transaction efficiency by allowing batch processing, but the source does not specify the broader implications or market effects.
Key context
The excerpt does not provide background on previous XRP Ledger upgrades, how validator support is decided, or the anticipated effects of this specific upgrade.
Key numbers and entities
The key number is 27 of 35 trusted validators supporting the upgrade, with the core entity being the XRP Ledger and its validator network.
What remains unclear
It is not specified when the upgrade might be implemented or the practical impact on users, nor does the source clarify whether additional validation or approval processes are required beyond the current support.