Xahau, the smart contract sidechain of XRP Ledger, has recently released an update, marking a milestone since its launch in 2023. Announced by RichardAH, the Chief Technology Officer at XRPL Labs, the upgrade, named “Xahaud version 2023.12.29+689,” brings impactful fixes and quality-of-life enhancements aimed at bolstering the performance, security, and usability of the sidechain.
Key among the introduced changes is the new amendment “fixXahauV1,” imposing a namespace limit of 256 per account. Additional fixes address issues such as the deletion of certain hooks and the allowance for accounts to appear more than once in a Genesis Mint transaction. Furthermore, the upgrade includes essential RPC fixes, ensuring accuracy in delivered amounts and CTID addition to RPC calls.
The roots of Xahau Network trace back to its mainnet launch in October 2023, followed by a series of integrations and ongoing developments. Emphasizing its commitment to security standards, a comprehensive audit of the Xahau codebase, known as Xahaud, took place concurrently with its release. FYEO, a governance game validator seat and security partner, conducted a thorough audit, focusing on security vulnerabilities and internal risks within the Xahau sidechain.
Analyzing on-chain data reveals a modest increase in the volume of XRP burns, coinciding with a growing user interest in exploring the Xahau Network sidechain. While the original XRP Ledger implemented a burn mechanism to curb spam transactions, the launch of Xahau Network has spurred a noticeable uptick in the burning of XRP coins, as indicated by on-chain data.
The update to the Xaman wallet has played a role in this surge, enabling users to switch between XRPL and Xahau using the same r-address seamlessly. The data from popular blockchain explorer XRPScan illustrates a noteworthy rise in XRP burns since mid-December, with a peak of 10,134 XRP burned on January 2.
Despite the deflationary impact on the XRP supply, the relatively low value of the token burn does not influence the already volatile XRP price, particularly in the short term. Notably, since the introduction of XRP burns, approximately 11.8 million XRP (equivalent to $6,800,610) has been burned, a fraction of the extensive 99 billion coin supply.
