{"id":544918,"date":"2023-07-28T20:00:51","date_gmt":"2023-07-28T20:00:51","guid":{"rendered":"https:\/\/ktsl888.com\/?p=544918"},"modified":"2024-06-11T07:59:54","modified_gmt":"2024-06-11T07:59:54","slug":"xrp-ledgers-l2-smart-contract-development-reaches-key-stage","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/ripple\/xrp-ledgers-l2-smart-contract-development-reaches-key-stage\/","title":{"rendered":"XRP Ledger’s L2 Smart Contract Development Reaches Key Stage"},"content":{"rendered":"

Evernode, the XRP Ledger (XRPL) Layer 2 platform, has shared a <\/span>series of updates<\/span><\/a> on its journey toward launch, offering insights into its progress and the challenges it has faced.<\/span><\/p>\n

XRP Ledger Layer 2 Platform Audit Scheduled For Mid-August<\/span><\/h2>\n

Evernode is a Layer 2 platform that seeks to bring smart contracts to the XRP Ledger ecosystem via Hooks. The platform is being developed by a team of experienced developers working to enhance the XRP Ledger network with advanced functionalities.<\/span><\/p>\n

Related Reading: Data Shows: Bitcoin Traders Going Long, Blast Above $30,000 Looming?<\/a><\/div>\n

In the first update, Evernode announced that the audit of their three hooks is tentatively scheduled to begin in mid-August. However, the team is still waiting for paperwork and funding from Ripple to confirm the audit, just like other XRPL Grants Grantees.<\/span><\/p>\n

In the second update, the Evernode team shared that the Nomad contract proved more challenging than expected. The contract did not persist on the betanet, which helped the development team identify bugs and areas for improvement. The team has been working hard to resolve these issues and remains optimistic that they will overcome the obstacles soon.<\/span><\/p>\n

Ultimately, Evernode appreciated the approximately 104 betahosts who have provided invaluable feedback in testing and improving the platform in a near-live environment.<\/span><\/p>\n

These updates highlight the complexity of developing a Layer 2 platform for XRP Ledger and the importance of thorough testing and auditing. It also emphasizes the dedication and hard work of the Evernode team throughout the development process.<\/span><\/p>\n

However, upon successful launch, Evernode’s platform will enable developers to build and deploy smart contracts on the XRP Ledger network, opening up new use cases and applications for the ecosystem. This will enable XRP Ledger to compete with other smart contract platforms such as Ethereum, which has gained significant traction in decentralized finance (DeFi).<\/span><\/p>\n

Moreover, Evernode’s platform will help drive the adoption of XRP Ledger by attracting more developers to the ecosystem. As the number of developers grows, the network’s capabilities will expand, leading to more use cases and applications, ultimately driving adoption and value.<\/span><\/p>\n

The development of Evernode’s Layer 2 platform for XRP Ledger is a significant milestone for the XRP Ledger community. It showcases the continued innovation and development within the ecosystem, which are critical for its growth and success.<\/span><\/p>\n

Related Reading: Bitcoin Rally May Not Resume Until This Happens<\/a><\/div>\n

Overall, Evernode’s updates on the progress toward launching a Layer 2 platform for XRP Ledger demonstrate the importance of rigorous testing and auditing in developing complex systems.\u00a0<\/span><\/p>\n

The successful launch of the platform will open up new opportunities for developers, potentially driving adoption and growth in the XRP Ledger ecosystem.\u00a0<\/span><\/p>\n

\"XRP\"
XRP’s sideways price action on the 1-day chart. Source: XRPUSDT on TradingView.com<\/a><\/figcaption><\/figure>\n

At the time of writing, XRP has encountered a sideways price movement since Monday. As the fourth largest cryptocurrency in the market regarding trading volume and market capitalization, it is currently trading at $0.7119, representing a decrease of 1.6% over the last 24 hours.<\/span><\/p>\n

Featured image from Unsplash, chart from TradingView.com\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Evernode, the XRP Ledger (XRPL) Layer 2 platform, has shared a series of updates on its journey toward launch, offering insights into its progress and the challenges it has faced. XRP Ledger Layer 2 Platform Audit Scheduled For Mid-August Evernode is a Layer 2 platform that seeks to bring smart contracts to the XRP Ledger ecosystem via Hooks. The platform is being developed by a team of experienced developers working to enhance the XRP Ledger network with advanced functionalities. Related Reading: Data Shows: Bitcoin Traders Going Long, Blast Above $30,000 Looming? In the first update, Evernode announced that the audit of their three hooks is tentatively scheduled to begin in mid-August. However, the team is still waiting for paperwork and funding from Ripple to confirm the audit, just like other XRPL Grants Grantees. In the second update, the Evernode team shared that the Nomad contract proved more challenging than expected. The contract did not persist on the betanet, which helped the development team identify bugs and areas for improvement. The team has been working hard to resolve these issues and remains optimistic that they will overcome the obstacles soon. Ultimately, Evernode appreciated the approximately 104 betahosts who have provided invaluable feedback in testing and improving the platform in a near-live environment. These updates highlight the complexity of developing a Layer 2 platform for XRP Ledger and the importance of thorough testing and auditing. It also emphasizes the dedication and hard work of the Evernode team throughout the development process. However, upon successful launch, Evernode’s platform will enable developers to build and deploy smart contracts on the XRP Ledger network, opening up new use cases and applications for the ecosystem. This will enable XRP Ledger to compete with other smart contract platforms such as Ethereum, which has gained significant traction in decentralized finance (DeFi). Moreover, Evernode’s platform will help drive the adoption of XRP Ledger by attracting more developers to the ecosystem. As the number of developers grows, the network’s capabilities will expand, leading to more use cases and applications, ultimately driving adoption and value. The development of Evernode’s Layer 2 platform for XRP Ledger is a significant milestone for the XRP Ledger community. It showcases the continued innovation and development within the ecosystem, which are critical for its growth and success. Related Reading: Bitcoin Rally May Not Resume Until This Happens Overall, Evernode’s updates on the progress toward launching a Layer 2 platform for XRP Ledger demonstrate the importance of rigorous testing and auditing in developing complex systems.\u00a0 The successful launch of the platform will open up new opportunities for developers, potentially driving adoption and growth in the XRP Ledger ecosystem.\u00a0 At the time of writing, XRP has encountered a sideways price movement since Monday. As the fourth largest cryptocurrency in the market regarding trading volume and market capitalization, it is currently trading at $0.7119, representing a decrease of 1.6% over the last 24 hours. Featured image from Unsplash, chart from TradingView.com\u00a0<\/p>\n","protected":false},"author":589,"featured_media":544919,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[16894],"tags":[6664,3680,4531,84758,78763],"class_list":["post-544918","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ripple","tag-crypto","tag-ripple","tag-xrp","tag-xrp-ledger","tag-xrpusdt"],"acf":[],"yoast_head":"\nXRP Ledger's L2 Smart Contract Development Reaches Key Stage<\/title>\n<meta name=\"description\" content=\"Evernode, the XRP Ledger Layer 2 platform, shared a series of updates on its journey toward launch, offering insights into its progress.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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With over five years of extensive research and unwavering dedication, he has cultivated a profound interest in the world of cryptocurrencies. Ronaldo's journey began with a spark of curiosity, which soon transformed into a deep passion for understanding the intricacies of this groundbreaking technology. Driven by an insatiable thirst for knowledge, Ronaldo has delved into the depths of the crypto space, exploring its various facets, from blockchain fundamentals to market trends and investment strategies. His tireless exploration and commitment to staying up-to-date with the latest developments have granted him a unique perspective on the industry. One of Ronaldo's defining areas of expertise lies in technical analysis. He firmly believes that studying charts and deciphering price movements provides valuable insights into the market. Ronaldo recognizes that patterns exist within the chaos of crypto charts, and by utilizing technical analysis tools and indicators, he can unlock hidden opportunities and make informed investment decisions. His dedication to mastering this analytical approach has allowed him to navigate the volatile crypto market with confidence and precision. Ronaldo's commitment to his craft goes beyond personal gain. He is passionate about sharing his knowledge and insights with others, empowering them to make well-informed decisions in the crypto space. Ronaldo's writing is a testament to his dedication, providing readers with meaningful analysis and up-to-date news. He strives to offer a comprehensive understanding of the crypto industry, helping readers navigate its complexities and seize opportunities. Outside of the crypto realm, Ronaldo enjoys indulging in other passions. As an avid sports fan, he finds joy in watching exhilarating sporting events, witnessing the triumphs and challenges of athletes pushing their limits. Furthermore, His passion for languages extends beyond mere communication; he aspires to master German, French, Italian, and Portuguese, in addition to his native Spanish. Recognizing the value of linguistic proficiency, Ronaldo aims to enhance his work prospects, personal relationships, and overall growth. However, Ronaldo's aspirations extend far beyond language acquisition. He believes that the future of the crypto industry holds immense potential as a groundbreaking force in history. With unwavering conviction, he envisions a world where cryptocurrencies unlock financial freedom for all and become catalysts for societal development and growth. Ronaldo is determined to prepare himself for this transformative era, ensuring he is well-equipped to navigate the crypto landscape. Ronaldo also recognizes the importance of maintaining a healthy body and mind, regularly hitting the gym to stay physically fit. He immerses himself in books and podcasts that inspire him to become the best version of himself, constantly seeking new ways to expand his horizons and knowledge. With a genuine desire to become the best version of himself, Ronaldo is committed to continuous improvement. He sets personal goals, embraces challenges, and seeks opportunities for growth and self-reflection. Ultimately, combining his passion for cryptocurrencies, dedication to learning, and commitment to personal development, Ronaldo aims to go hand-in-hand with the exciting new era that the emerging crypto technology is bringing to the world and societies.","sameAs":["https:\/\/instagram.com\/itsmarquez_fr?igshid=ZDdkNTZiNTM=","https:\/\/x.com\/Rmmcapital"],"url":"https:\/\/ktsl888.com\/author\/ronaldomarquez\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"XRP Ledger’s L2 Smart Contract Development Reaches Key Stage","url":"http:\/\/ktsl888.com\/news\/ripple\/xrp-ledgers-l2-smart-contract-development-reaches-key-stage\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/news\/ripple\/xrp-ledgers-l2-smart-contract-development-reaches-key-stage\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/07\/iStock-1365598845-2.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/07\/iStock-1365598845-2.jpg?fit=2131%2C1406"},"articleSection":"Ripple","author":[{"@type":"Person","name":"Ronaldo Marquez"}],"creator":["Ronaldo Marquez"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["crypto","ripple","xrp","xrp ledger","xrpusdt"],"dateCreated":"2023-07-28T20:00:51Z","datePublished":"2023-07-28T20:00:51Z","dateModified":"2024-06-11T07:59:54Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"XRP Ledger’s L2 Smart Contract Development Reaches Key Stage\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/ripple\\\/xrp-ledgers-l2-smart-contract-development-reaches-key-stage\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/ripple\\\/xrp-ledgers-l2-smart-contract-development-reaches-key-stage\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2023\\\/07\\\/iStock-1365598845-2.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2023\\\/07\\\/iStock-1365598845-2.jpg?fit=2131%2C1406\"},\"articleSection\":\"Ripple\",\"author\":[{\"@type\":\"Person\",\"name\":\"Ronaldo Marquez\"}],\"creator\":[\"Ronaldo Marquez\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"crypto\",\"ripple\",\"xrp\",\"xrp ledger\",\"xrpusdt\"],\"dateCreated\":\"2023-07-28T20:00:51Z\",\"datePublished\":\"2023-07-28T20:00:51Z\",\"dateModified\":\"2024-06-11T07:59:54Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/ktsl888.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/07\/iStock-1365598845-2.jpg?fit=2131%2C1406","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/544918"}],"collection":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/users\/589"}],"replies":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/comments?post=544918"}],"version-history":[{"count":0,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/544918\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/544919"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=544918"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=544918"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=544918"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}