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 carry good contracts to the XRP Ledger ecosystem through Hooks. The platform is being developed by a crew 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. Nonetheless, the crew continues to be ready for paperwork and funding from Ripple to substantiate the audit, identical to different XRPL Grants Grantees.

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

In the end, Evernode appreciated the roughly 104 betahosts who’ve offered invaluable suggestions in testing and enhancing the platform in a near-live atmosphere.

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

Nonetheless, upon profitable launch, Evernode’s platform will allow builders to construct and deploy good contracts on the XRP Ledger community, opening up new use instances and functions for the ecosystem. It will allow XRP Ledger to compete with different good contract platforms similar 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 functions, finally 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 growth throughout the ecosystem, that are important for its progress and success.

Total, Evernode’s updates on the progress towards launching a Layer 2 platform for XRP Ledger reveal the significance of rigorous testing and auditing in growing advanced techniques. 

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 worth motion since Monday. Because the fourth largest cryptocurrency out there relating to buying and selling quantity and market capitalization, it’s at the moment buying and selling at $0.7119, representing a lower of 1.6% during the last 24 hours.

Featured picture from Unsplash, chart from TradingView.com