XRP Ledger Needs One More Vote to Enable Multi-Transaction Batching

·1 views

The XRP Ledger is on the verge of activating a major payments upgrade called Batch V1.1. The feature would allow users to bundle up to eight linked transactions into a single operation. So far, 27 of the 35 trusted validators on the network have voted in favor of the change. Only one additional validator vote is needed to meet the threshold required for the upgrade to proceed.

Read the full story at CoinDesk

This is an AI-generated summary. ShortSingh links to the original source for the complete article.

Discussion (0)

Bitcoin Retreats 3% From $79,530 High as Senate Prepares Crypto Structure Vote

Bitcoin pulled back approximately 3% after briefly approaching $80,000, having touched a high of $79,530 overnight. The decline came as the U.S. Senate prepared to hold a procedural vote on the Clarity Act, a crypto market structure bill, on Tuesday. Most major cryptocurrencies followed Bitcoin lower, with XRP and Zcash being the only notable exceptions posting gains. The Senate vote represents a significant legislative moment for the crypto industry, as the Clarity Act aims to establish a clearer regulatory framework for digital asset markets.

0 comments Read more at CoinDesk

Crypto & Web3CoinDesk ·

U.S. DOJ seeks $61M forfeiture over alleged Iran crypto oil laundering

The U.S. Department of Justice has filed a civil forfeiture complaint targeting $61 million in cryptocurrency. Prosecutors allege the funds are proceeds from illegal Iranian oil sales conducted through black market channels. The DOJ claims Iran used crypto assets to launder revenue from these unauthorized petroleum transactions. The seized funds are alleged to have been intended to finance Iran's military operations.

0 comments Read more at CoinDesk

Crypto & Web3CoinDesk ·

Solana triples transaction size limit, boosting edge over Ethereum

Solana has upgraded its transaction capacity through a new format called Transaction V1, raising the data limit from 1,232 bytes to 4,096 bytes. This represents more than a threefold increase in the amount of data a single transaction can carry. The expanded limit gives developers significantly more room to build complex operations within one transaction. Use cases that stand to benefit include multi-step trades, corporate wallet approvals, and privacy proofs. The upgrade is seen as strengthening Solana's competitive position relative to Ethereum.

0 comments Read more at CoinDesk

Crypto & Web3CoinDesk ·

Democrats Send Counteroffer to Republicans on Crypto Clarity Act Provisions

Democratic senators submitted a counteroffer to Republicans regarding provisions in the Clarity Act, a cryptocurrency legislation bill. The development signals ongoing bipartisan negotiations over the bill's terms. Democratic senators were reported to be meeting late Monday to review and discuss the latest proposed draft text. The back-and-forth exchange reflects efforts by both parties to reach a compromise on the legislation's key provisions.

0 comments Read more at CoinDesk