XRPL Xahau Sidechain Activates Crucial Amendment, Hits Major Decentralization Milestone

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.