Boost

2024

<figure>
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
RippleX, the development arm of Ripple, has introduced a significant enhancement to the&nbsp;<a href="https://u.today/xrp-ledger-sets-new-standard-for-lending-giant-heres-what-to-know" rel="noopener noreferrer nofollow">XRP Ledger (XRPL)</a> aimed at enhancing adoption and usability. Senior Software Engineer at RippleX&nbsp;<a href="https://x.com/msvadari/status/1786025640409334045" rel="noopener noreferrer nofollow">Mayukha Vadari</a> revealed the release of a new specification, XLS-68d, designed to simplify transaction processes.
The focal point of this development is the introduction of sponsored transaction fees and reserves. This feature enables platforms to handle transaction fees and account reserves on behalf of their users, thereby streamlining the user experience and reducing barriers to entry for new participants.
The proposal acknowledges the growing complexity of blockchain technology and aims to address it by allowing users to delegate transaction management while retaining control over their accounts. Users can authorize platforms to execute transactions and cover associated fees and reserves by including sponsor signatures in their transactions.
<blockquote>
 Just dropped: A new spec for sponsored XRPL transaction fees/reserves, which would allow platforms to pay transaction fees/reserves on behalf of other accounts, without needing to give away free XRP. This makes it way easier to onboard onto the XRPL! 🔥<a href="https://t.co/PgjkeSNREj" rel="noopener noreferrer nofollow">https://t.co/PgjkeSNREj</a>— Mayukha Vadari (@msvadari) <a href="https://twitter.com/msvadari/status/1786025640409334045?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">May 2, 2024</a>
</blockquote>
Similar functionalities exist on other blockchain networks and are often referred to as "sponsored transactions" or "meta-transactions." This aligns with industry trends and provides users with familiar mechanisms for managing transactions.
The introduction of this feature is expected to have a positive impact on the&nbsp;<a href="https://u.today/ripples-800-million-xrp-escrow-lockup-failed-to-reboot-price-heres-reason" rel="noopener noreferrer nofollow">XRPL</a> ecosystem by facilitating easier onboarding processes and reducing financial barriers for users and projects. By enabling platforms to cover transaction costs,&nbsp;<a href="https://u.today/over-21-million-in-xrp-moved-to-binance-details" rel="noopener noreferrer nofollow">XRP</a> becomes more accessible to a wider range of users and industries, potentially driving increased adoption.
Overall, the introduction of sponsored transaction fees and reserves represents a significant step forward in enhancing the adoption and usability of XRP, positioning it as a more user-friendly and accessible digital asset.

XRP Receives Crucial Adoption Boost With New RippleX Feature

U_Today

2024年5月2日公開の他の記事

Bitcoin 4% dip may ‘panic’ short-term holders as price falls below average cost

Celestia (TIA) Price Targets $7 as Investors Pull Back

Worldcoin Expands to Mexico While Argentina Considers Regulation

Pepe Coin Futures Buying Signals Price Rally

Iran’s Crypto Mining Funds Terrorism, U.S. Lawmakers Warn

How Are Solana-Based Altcoins Performing?

ニュースレターを購読して暗号資産の最新情報を毎日入手！