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 carry good 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 substantiate the audit, similar 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 laborious to resolve these points and stays optimistic that they’ll overcome the obstacles quickly.
Finally, Evernode appreciated the roughly 104 betahosts who’ve supplied invaluable suggestions in testing and enhancing the platform in a near-live setting.
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 good contracts on the XRP Ledger community, opening up new use instances and purposes for the ecosystem. This may allow XRP Ledger to compete with different good contract platforms comparable 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 develop, resulting in extra use instances and purposes, finally driving adoption and worth.
The event of Evernode’s Layer 2 platform for XRP Ledger is a major milestone for the XRP Ledger neighborhood. It showcases the continued innovation and improvement throughout the ecosystem, that are important for its progress 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 programs.
The profitable launch of the platform will open up new alternatives for builders, doubtlessly 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 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