XRP Ledger (XRPL) Sidechain Xahau Launches REMIT Amendment on Mainnet: Massive Changes & Payouts

Bittime - Xahau, a programmable sidechain of the XRP Ledger (XRPL), has finally announced the release of the long-awaited REMIT amendment. 

Recently, amendments to REMIT were unveiled and updated with a number of additional features, including the introduction of new payment transactions.

Xahau sidechain customers can use payment transactors to send value across the chain in an efficient manner.

The REMIT upgrade also allows for an expansion of the XLS-55d proposal, which would allow an XRPL-like network to connect with Xahau.

REMIT Amendment Launch Mission

It is worth remembering that the XLS-55d was launched at Xahau two weeks ago, while its initial version at XRPL entered service in December 2023.

This upgrade is an important milestone for Xahau Sidechain. This allows disbursement of various assets and tokens atomically to pre-selected destinations.

This explains that XLS-55d transfers are similar to push payments which provide certainty.

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Various Applications

This system is also compatible with a variety of retail applications and Hooks. The REMIT amendments introduce a new type of transaction called Remit.

Users can easily disable Remit transactions through their on-chain account settings.

Xahau Sidechain Accepts Various Amendments

In addition to existing functions and features, the REMIT amendment opens up new opportunities for XRP Ledger and Xahau. Issuers can now transfer XRP and tokenized vouchers in a single atomic transaction.

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Six Months of the Xahau Sidechain: Rapid Development and Positive Impact

Six months have passed since the Xahau sidechain officially launched on mainnet. Since then, this protocol has undergone many advances and developments. Here are some of Xahau's key achievements in the last six months:

1. Comprehensive Security Audit

Soon after launch, Xahau completed a comprehensive audit of its codebase. This audit was conducted by FYEO, one of Xahau's original Game Governance Validator and Security Seat partners. Audit results show that Xahau has a safe and secure code base.

2. XRPScan integration

Days after launch, Xahau Sidechain welcomed the integration of XRPScan as its first API and Explorer service provider. This integration allows users to view and interact with Xahau sidechain data easily.

3. Powerful Validator Node Network

By the end of Q1 2024, Xahau has successfully developed a strong network of validator nodes. The network consists of trusted and experienced validators who help maintain the security and stability of the Xahau sidechain.

4. XAH Price Surge

News of the REMIT amendments has contributed to a surge in the price of XAH, Xahau's core asset. The asset moved from $0.1315 to $0.1368 on crypto exchange Bitrue. This shows that investors have high confidence in Xahau and its future prospects.

5. Focus on Retail Adoption of XRPL

The inclusion of new features on the Xahau sidechain is focused on driving retail adoption of XRPL. Xahau aims to make blockchain technology more accessible and usable for everyday users.

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