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 convey good contracts to the XRP Ledger ecosystem through Hooks. The platform is being developed by a crew 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. Nonetheless, the crew 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 crew shared that the Nomad contract proved more difficult than anticipated. The contract didn’t persist on the betanet, which helped the event crew establish bugs and areas for enchancment. The crew has been working onerous to resolve these points and stays optimistic that they are going to overcome the obstacles quickly.
In the end, Evernode appreciated the roughly 104 betahosts who’ve supplied invaluable suggestions in testing and enhancing 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 onerous work of the Evernode crew all through the event course of.
Nonetheless, 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 functions for the ecosystem. It will allow XRP Ledger to compete with different good contract platforms akin 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 broaden, resulting in extra use instances and functions, 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 improvement inside the ecosystem, that are vital for its development and success.
Total, Evernode’s updates on the progress towards launching a Layer 2 platform for XRP Ledger reveal the significance of rigorous testing and auditing in growing complicated methods.
The profitable launch of the platform will open up new alternatives for builders, doubtlessly driving adoption and development within the XRP Ledger ecosystem.
On the time of writing, XRP has encountered a sideways worth motion since Monday. Because the fourth largest cryptocurrency out there 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
