Batch V1.1 Upgrade Looms for XRP Ledger
XRP Ledger is on the cusp of implementing its Batch V1.1 upgrade, which aims to increase throughput by allowing up to eight different transactions in a block.
The upgrade has garnered significant support from validators, with 27 out of 35 votes already secured and just one more needed to reach the 80% threshold required for activation.
While some have expressed concerns about the potential security risks associated with 'dependent' transactions, where one transaction relies on the success of another, most validators remain confident that the upgrade will have few negative consequences.
XRP Ledger has had a strong Q3, but its on-chain activity has not kept pace with the price recovery. The upgrade could provide a timely catalyst for increased network activity in the final quarter.