XRP Ledger\u2019s (XRPL) programmable sidechain <\/span>Xahau<\/span><\/a> has released the long-anticipated REMIT amendment.\u00a0<\/span><\/p>\n The REMIT amendment was activated recently and it comes with a couple of functionalities including a novel payment transactor.\u00a0<\/span><\/p>\n <\/p>\n Precisely, Xahau sidechain customers can leverage the payment transactor to send value over the chain in a manner that optimizes resources. The REMIT upgrade also permits the expansion of the XLS-55d proposal for XRPL-like networks to Xahau.<\/span><\/p>\n It is worth noting that the XLS-55d had been introduced for Xahau two weeks ago while its initial version for XRPL began running in December 2023.<\/span><\/p>\n Xahau amendment REMIT is live<\/p>\n <\/p>\n So many waiting for this<\/p>\n So what is Remit pic.twitter.com\/EOEzN7yslK<\/a><\/p>\n \u2014 onledger.net (@offledger) March 30, 2024<\/a><\/p>\n<\/blockquote>\n Notably, this upgrade marks a significant milestone for the Xahau Sidechain because it opens it to a path that allows the disbursement of different currencies and tokens atomically to a preselected destination. The authors of the proposal stated that the transfer of XLS-55d resembles a push payment that delivers \u201cno matter what\u201d.\u00a0<\/span><\/p>\n <\/p>\n In addition to this, it can accommodate retail and Hooks use cases.<\/span><\/p>\n The new type of transaction on the REMIT amendment is also called Remit and users could easily disable their REMIT transactions by customizing their on-chain accounts.\u00a0<\/span><\/p>\n Beyond these functionalities and features, the REMIT amendment unlocks a new level of opportunities for the XRP Ledger and Xahau itself. Issuers can now transfer XRP as well as tokenized vouchers in a single atomic transaction.\u00a0<\/span><\/p>\n <\/p>\n It\u2019s been six months since the sidechain was officially launched on the mainnet. Thus far, the protocol has seen numerous improvements. Right after the Xahau sidechain went live, it completed the <\/span>comprehensive audit of Xahaud<\/span><\/a>, its codebase. FYEO, one of Xahau\u2019s initial Governance Game Validator Seats and Security partners, was charged with conducting the audit.<\/span><\/p>\n A few days later, Xahau Sidechain welcomed the integration of <\/span>XRPScan as its first API<\/span><\/a> and Explorer service provider. By the end of Q1 2024, Xahau has successfully grown a strong network of validator nodes. The news of the REMIT amendment has contributed to a price jump for XAH, Xahau\u2019s core asset. The asset moved from $0.1315 to $0.1368 on the Bitrue crypto exchange.<\/span><\/p>\n Ultimately, the inclusion of these features on the X sidechain is focused on driving the retail adoption of XRPL.<\/span><\/p>\n <\/p>\n \u2713 Share:<\/p>\n <\/a><\/p>\n <\/a>\n <\/div>\n<\/p><\/div>\n<\/p><\/div>\n <\/p>\n Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture. Follow him on Twitter<\/a>, Linkedin<\/a> <\/p><\/div>\n<\/p><\/div>\nCore Goals of the REMIT Amendment<\/strong><\/h2>\n
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Xahau Sidechain Welcoming Different Amendments<\/strong><\/h2>\n
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