Ripple Developers Launch Batch Devnet Servers On XRP Ledger (XRPL)

Godfrey Benjamin
August 20, 2024
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Ripple Labs-backed XRP Ledger To Host Societe Generale-Forge's EURCV Stablecoin

Highlights

  • Ripple Labs developers just launched integrated a new addition on XRPL
  • The innovators are working to make XRP Ledger match with key rivals
  • Heavy developmental efforts precedes the emergence of the Ripple Stablecoin

Ripple Labs developers are making an emphatic push to enhance the XRP Ledger (XRPL). In a recent update shared on X, the innovators revealed that Batch-Devnet Servers are now available as a parallel XRP Ledger Test Network.

Details on The Parallel XRP Ledger Test Network

It is worth noting that the parallel XRP Ledger test networks provide platforms for testing changes to the XRPL as well as the software built on it. It achieved this without using real funds as they are designed for testing alone. Therefore, test networks’ ledger history and balances are usually set to reset when it deems fit. Devnets may be reset without warning.

“All balances and XRP on these networks are separate from Mainnet. As a precaution, do not use the Testnet or Devnet credentials on the Mainnet,” the team enlightened  members of the Ripple community

RippleX noted that interested users can now explore the documentation on Batch Transactions. Noteworthy, this “Batch” makes it possible for a user to tie multiple transactions together and execute them as a single unit. It can allow the submission of as much as eight transactions in a single batch.

In addition, the Batch transactions eliminates the risk of partial completion and unexpected outcomes. As a result, it delivers a more reliable and predictable experience for complex operations. One use cases for this new tech is mining of Non-fungible tokens (NFTs), and creating an offer for it in one transaction. Failure of this creation process will cause the NFT mint to revert

Ripple Stablecoin And its Partnership With SBI Holdings

This comes barely a week after Ripple inked a strategic partnership with SBI Holdings, a top Japanese financial firm. Their alliance focuses on increasing the use of XRPL and issuing NFTs on the blockchain. Overall, the goal is to boost the adoption of the native coin in the community.

As part of Ripple and SBI’s alliance, the Web3.0 community can use NFT marketplace xrp.cafe for the distribution and buying and selling of NFTs. Notably, the SBI Digital Community also hinted at plans to pay XRP rewards to creators and other contributors.

About two weeks ago, the blockchain payment company launched private beta of its stablecoin RLUSD on XRPL and Ethereum. The timeline for the official launch remain unknown.

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Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
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Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture. Follow him on X, Linkedin
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.