XRP Ledger’s L2 Smart Contract Development Reaches Key Stage

Evernode, the XRP Ledger (XRPL) Layer 2 platform, has shared a series of updates on its journey towards launch, providing insights into its progress and the challenges it has confronted.

XRP Ledger Layer 2 Platform Audit Scheduled For Mid-August

Evernode is a Layer 2 platform that seeks to deliver sensible contracts to the XRP Ledger ecosystem by way of Hooks. The platform is being developed by a staff of skilled builders working to boost the XRP Ledger community with superior functionalities.

Within the first replace, Evernode introduced that the audit of their three hooks is tentatively scheduled to start in mid-August. Nevertheless, the staff continues to be ready for paperwork and funding from Ripple to substantiate the audit, similar to different XRPL Grants Grantees.

Within the second replace, the Evernode staff shared that the Nomad contract proved more difficult than anticipated. The contract didn’t persist on the betanet, which helped the event staff establish bugs and areas for enchancment. The staff has been working exhausting to resolve these points and stays optimistic that they may overcome the obstacles quickly.

In the end, Evernode appreciated the roughly 104 betahosts who’ve supplied invaluable suggestions in testing and bettering the platform in a near-live setting.

These updates spotlight the complexity of creating a Layer 2 platform for XRP Ledger and the significance of thorough testing and auditing. It additionally emphasizes the dedication and exhausting work of the Evernode staff all through the event course of.

Nevertheless, upon profitable launch, Evernode’s platform will allow builders to construct and deploy sensible contracts on the XRP Ledger community, opening up new use instances and purposes for the ecosystem. This may allow XRP Ledger to compete with different sensible contract platforms corresponding to Ethereum, which has gained important traction in decentralized finance (DeFi).

Furthermore, Evernode’s platform will assist drive the adoption of XRP Ledger by attracting extra builders to the ecosystem. Because the variety of builders grows, the community’s capabilities will increase, resulting in extra use instances and purposes, in the end driving adoption and worth.

The event of Evernode’s Layer 2 platform for XRP Ledger is a major milestone for the XRP Ledger neighborhood. It showcases the continued innovation and improvement inside the ecosystem, that are vital for its progress and success.

Total, Evernode’s updates on the progress towards launching a Layer 2 platform for XRP Ledger show the significance of rigorous testing and auditing in creating complicated programs. 

The profitable launch of the platform will open up new alternatives for builders, probably driving adoption and progress within the XRP Ledger ecosystem. 

On the time of writing, XRP has encountered a sideways value motion since Monday. Because the fourth largest cryptocurrency available in the market concerning buying and selling quantity and market capitalization, it’s at the moment buying and selling at $0.7119, representing a lower of 1.6% over the past 24 hours.

Featured picture from Unsplash, chart from TradingView.com