Xahau Sidechain Activates REMIT Upgrade Allowing Atomic Multi-Asset Payments
In a significant development for the XRPL’s Xahau sidechain, the REMIT upgrade has been activated on March 31, 2024. This upgrade brings the XLS-55d proposal, originally designed for XRPL-like networks, to Xahau. One of the key benefits of this upgrade is the ability to send multiple currencies and tokens atomically to a specified destination.
Described as a push payment that ensures delivery “no matter what,” the XLS-55d upgrade is tailored for retail and Hooks use cases. Users also have the option to customize their on-chain accounts to disable Remit transactions if needed.
The REMIT upgrade opens up new possibilities for real-world adoption of the XRP Ledger and Xahau. For example, issuers can now send XRP crypto and tokenized vouchers in a single atomic transaction. This enhancement builds upon the introduction of XLS-55d for Xahau two weeks ago, following its initial release for the XRP Ledger on December 4, 2023.
In another milestone for Xahau, the sidechain went live on the mainnet on October 31, 2023, bringing smart contracts functionality to the XRP Ledger. This has enabled developers to deploy various dApps for the XRP audience.
Since the REMIT activation, Xahau has seen significant growth in its network of validator nodes. According to Alloy Networks, the infrastructure provider for XRP Ledger and Xahau, the number of nodes has reached 850 by the end of March 2024.
Following the REMIT activation, the core asset of Xahau, XAH, saw a price jump from [or_text model=”openai/gpt-3.5-turbo” prompt=”You are a news editor expand and Rewrite the following article, remove references to the source, make sure the generated article is well written, makes sense and is SEO enabled:
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With the hotly-anticipated REMIT upgrade being activated, Xahau sidechain customers are able to leverage a novel payment transactor and send value over the chain in a resource-optimized manner.
XRPL’s sidechain Xahau welcomes Atomic Multi-Asset Payments
Today, March 31, 2024, XRPL’s Xahau sidechain activated the REMIT upgrade. At its core, it allows the expanding of the XLS-55d proposal for XRPL-like networks to Xahau.
Most importantly, this upgrade paves the path for sending multiple currencies and tokens atomically to a specified destination.
As described by the authors of the proposal, the transfer with XLS-55d looks not unlike a push payment that delivers “no matter what” and is designed for retail and Hooks use cases.
It is specified that the new type of transaction is also called Remit; users can disable Remit transactions by customization of their on-chain accounts.
The upgrade unlocks various opportunities for real-world adoption of XRP Ledger and Xahau. For instance, issuers can send XRP crypto and tokenized vouchers in a single atomic transaction.
As covered by U.Today previously, XLS-55d was introduced for Xahau two weeks ago. Its initial version for XRP Ledger kicked off Dec. 4, 2023.
Xahau hits new decentralization milestone
The Xahau sidechain went live on the mainnet Oct. 31, 2023, and equipped XRP Ledger with the smart contracts functionality. Developers are now able to deploy various dApps for the XRP audience.
By the end of March 2024, Xahau managed to grow a solid network of validator nodes. As estimated by Alloy Networks, the infrastructure provider for XRP Ledger and Xahau, the net number of nodes hit 850.
After the REMIT activation, Xahau’s core asset XAH’s price jumped from $0.1315 to $0.1368 on the Bitrue crypto exchange.
“].1315 to [or_text model=”openai/gpt-3.5-turbo” prompt=”You are a news editor expand and Rewrite the following article, remove references to the source, make sure the generated article is well written, makes sense and is SEO enabled:
Contents
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With the hotly-anticipated REMIT upgrade being activated, Xahau sidechain customers are able to leverage a novel payment transactor and send value over the chain in a resource-optimized manner.
XRPL’s sidechain Xahau welcomes Atomic Multi-Asset Payments
Today, March 31, 2024, XRPL’s Xahau sidechain activated the REMIT upgrade. At its core, it allows the expanding of the XLS-55d proposal for XRPL-like networks to Xahau.
Most importantly, this upgrade paves the path for sending multiple currencies and tokens atomically to a specified destination.
As described by the authors of the proposal, the transfer with XLS-55d looks not unlike a push payment that delivers “no matter what” and is designed for retail and Hooks use cases.
It is specified that the new type of transaction is also called Remit; users can disable Remit transactions by customization of their on-chain accounts.
The upgrade unlocks various opportunities for real-world adoption of XRP Ledger and Xahau. For instance, issuers can send XRP crypto and tokenized vouchers in a single atomic transaction.
As covered by U.Today previously, XLS-55d was introduced for Xahau two weeks ago. Its initial version for XRP Ledger kicked off Dec. 4, 2023.
Xahau hits new decentralization milestone
The Xahau sidechain went live on the mainnet Oct. 31, 2023, and equipped XRP Ledger with the smart contracts functionality. Developers are now able to deploy various dApps for the XRP audience.
By the end of March 2024, Xahau managed to grow a solid network of validator nodes. As estimated by Alloy Networks, the infrastructure provider for XRP Ledger and Xahau, the net number of nodes hit 850.
After the REMIT activation, Xahau’s core asset XAH’s price jumped from $0.1315 to $0.1368 on the Bitrue crypto exchange.
“].1368 on the Bitrue crypto exchange. This positive price movement reflects the growing confidence and utility of Xahau in the cryptocurrency market.
