XRP News: Ripple Labs is dealing with the legal complication enforced by the U.S. Securities and Exchange Commission (SEC). However, its decentralised public blockchain, XRP Ledger (XRPL) is gearing up to launch its native smart contracts Hooks.
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FYEO, a Web3 security auditing firm confirmed the commencement of the security assessment of the Hooks Amendment. It stated that the Hooks Amendment will enable on-ledger smart contracts which are purposely built to expand XRPL’s capabilities.
As per the Hooks amendment, it aims to provide support for native on-ledger smart contracts that are able to perform several specific functions completely based on predefined conditions. It mentioned that it is built to be more straightforward and efficient unlike Ethereum, which utilizes a Turing complete programming language for its smart contracts. Read More XRP News Here…
XRP is the native currency of Ripple and XRP Ledger, while Hooks will be a smart contract for XRPL. It is expected that Hooks will add custom on-ledger functionality, like creating custom triggers for some specific events on the ledger.
The post XRPL Hooks Audit Closes In Launch Expectations; XRP Price To Rally? appeared first on CoinGape.
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