XRP Ledger’s L2 Good Contract Growth 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 good contracts to the XRP Ledger ecosystem through Hooks. The platform is being developed by a workforce of skilled builders working to reinforce 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 workforce remains to be ready for paperwork and funding from Ripple to verify the audit, identical to different XRPL Grants Grantees.

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

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

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 arduous work of the Evernode workforce 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 purposes for the ecosystem. This can allow XRP Ledger to compete with different good 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 broaden, 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 big milestone for the XRP Ledger group. It showcases the continued innovation and improvement inside the ecosystem, that are important for its development and success.

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

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

XRP’s sideways worth motion on the 1-day chart. Supply: XRPUSDT on TradingView.com

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 present 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 

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