Evernode, the XRP Ledger (XRPL) Layer 2 platform, has shared a sequence 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 convey sensible 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. Nevertheless, the workforce continues to be ready for paperwork and funding from Ripple to substantiate the audit, similar to different XRPL Grants Grantees.
Within the second replace, the Evernode workforce shared that the Nomad contract proved tougher 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 onerous 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 surroundings.
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 onerous 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 circumstances and purposes for the ecosystem. This may allow XRP Ledger to compete with different sensible contract platforms corresponding to 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 increase, resulting in extra use circumstances and purposes, in the end driving adoption and worth.
The event of Evernode’s Layer 2 platform for XRP Ledger is a major milestone for the XRP Ledger group. It showcases the continued innovation and growth inside the ecosystem, that are essential for its progress and success.
Total, Evernode’s updates on the progress towards launching a Layer 2 platform for XRP Ledger show the significance of rigorous testing and auditing in creating complicated 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 value motion since Monday. Because the fourth largest cryptocurrency out there relating to buying and selling quantity and market capitalization, it’s presently 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
