XRP Ledger Sidechain Xahau Launches Important Amendment

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XRP Ledger Sidechain Xahau Launches Important Amendment – Crypto News

Published

2 years ago

March 31, 2024

Dripp

XRP Ledger’s (XRPL) programmable sidechain Xahau has released the long-anticipated REMIT amendment.

Core Goals of the REMIT Amendment

The REMIT amendment was activated recently and it comes with a couple of functionalities including a novel payment transactor.

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.

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.

Xahau amendment REMIT is live

So many waiting for this

So what is Remit pic.twitter.com/EOEzN7yslK

— onledger.net (@offledger) March 30, 2024

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 “no matter what”.

In addition to this, it can accommodate retail and Hooks use cases.

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.

Xahau Sidechain Welcoming Different Amendments

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.

It’s 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 comprehensive audit of Xahaud, its codebase. FYEO, one of Xahau’s initial Governance Game Validator Seats and Security partners, was charged with conducting the audit.

A few days later, Xahau Sidechain welcomed the integration of XRPScan as its first API 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’s core asset. The asset moved from $0.1315 to $0.1368 on the Bitrue crypto exchange.

Ultimately, the inclusion of these features on the X sidechain is focused on driving the retail adoption of XRPL.