tl;dr
RippleX released XRP Ledger version 2.5.0, featuring major amendments and bug fixes. Key amendments include XLS-85, enabling escrow for third-party tokens and multi-purpose tokens for institutional use; XLS-56, allowing up to eight transactions to be wrapped into one to reduce failed multi-step tran...
RippleX has rolled out XRP Ledger version 2.5.0, packed with significant amendments and critical bug fixes designed to enhance the platform's functionality and security. This release introduces groundbreaking improvements in escrow token handling, multi-purpose token support, transaction management, decentralized exchange permissions, and permission delegation.
Among the key amendments, XLS-85 extends the ledger’s escrow capabilities to support third-party tokens, such as stablecoins, and facilitates multi-purpose tokens tailored for institutional applications. XLS-56 innovates transaction processing by allowing up to eight transactions to be wrapped into a single one, aiming to significantly reduce the roughly 30% failure rate in multi-step transaction flows. Meanwhile, XLS-81 introduces permissioned decentralized exchanges, and XLS-75 brings permission delegation into the ledger’s ecosystem, enhancing flexibility and control for users and institutions alike.
On the bug-fix front, version 2.5.0 fortifies the ledger against operational risks by adding invariant checks for automated market maker (AMM) transactions, ensuring network safety by preventing forbidden activities. In addition, it addresses NFT-related spam by requiring explicit user authorization for NFT interactions, protecting users from unwanted requests. The update also stops the creation of unusable payment channels, mitigating risks of accidental or malicious channel setups that could disrupt payment workflows.
These enhancements, praised by RippleX senior software engineer Mayukha Vadari as potentially the most impactful set of amendments released together, signal a considerable leap forward for XRP Ledger’s robustness and versatility. By improving token handling, transaction efficiency, and network security, this update sets the stage for broader adoption and more sophisticated use cases within the crypto ecosystem.