Essential Update to the Ripple Ledger: Important Insights for XRP Users

XRP Ledger (XRPL) has rolled out version 2.5.0, a considerable milestone as it competes with blockchain platforms like Ethereum and Solana. Notable features include support for batch transactions and escrow support for RLUSD and other crypto assets. The update also provides delegated permissions and permissions to decentralized exchange controls. Bug fixes have also been made to RPC responses and NFT interactions with trustlines.

The upgrade has introduced improvements to performance, reliability, and developer experience, including better memory usage, faster build times, clearer documentation, and updated developer tools. In the lead-up to the update, XRPL addresses and whale wallets soared to record numbers. Following the upgrade, XRP gained about 6% and trades at $2.20.