As a seasoned researcher with years of experience in the cryptocurrency landscape, I find Ripple’s latest announcement to be both intriguing and promising. Having witnessed the evolution of smart contracts from Ethereum to various other platforms, it’s fascinating to see Ripple joining the fray.
Ripple has announced its plans to boost the programmability of XRP Ledger.
Next year, we’re aiming to roll out smart contracts, but for now, they’re still under investigation and development.
XRPL Hooks will serve as the foundation for introducing smart contracts on the mainnet.
Ripple aims to make certain that its system is open for all, simple to learn, and adaptable according to individual needs, all while keeping the strain on infrastructure’s performance and expense as minimal as possible.
In addition, the upcoming XRPL EVM sidechain is set to allow developers to build innovative decentralized applications (dApps), merging the outstanding traits of both XRPL and EVM platforms. This development, initially proposed by the RippleX team in June, promises an exciting future for dApp creators.
In response to the recent announcement, Ripple’s CEO, Brad Garlinghouse, stated that the underlying structure of cryptocurrency systems designed for practical applications is getting stronger and stronger every day.
Earlier this year, the XRP Ledger also added a new Automated Market Maker (AMM) functionality.
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2024-09-03 09:14