XRP Ledger’s L2 Good Contract Improvement 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 through Hooks. The platform is being developed by a workforce 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 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 determine bugs and areas for enchancment. The workforce has been working laborious 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 supplied invaluable suggestions in testing and bettering 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 workforce 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 can allow XRP Ledger to compete with different sensible contract platforms resembling Ethereum, which has gained vital 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 growth throughout the ecosystem, that are essential for its development and success.

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

The profitable launch of the platform will open up new alternatives for builders, probably driving adoption and development 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% during the last 24 hours.

Featured picture from Unsplash, chart from TradingView.com