XRPL Labs has announced its latest development, Xahau Ledger, a smart contract sidechain integrated into the XRP Ledger (XRPL) ecosystem. This integration is expected to enhance the capabilities of the XRP Ledger, bringing it closer to widespread retail adoption. The announcement has generated excitement within the community, indicating significant advancements for this altcoin. However, XRP has seen a 1% decrease in value over the past 24 hours.
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XRPL Labs unveils smart contract sidechain for XRP Ledger. An Introduction To Xahau Ledger
XRPL Labs announced on August 28 that it has integrated with the Xahau Ledger, which is considered a significant step towards introducing multifaceted features to the XRP Ledger. This integration is expected to accelerate the adoption of the altcoin and its foundational ledger. XRPL Labs unveils smart contract sidechain for XRP Ledger.
We are proud to be part of the Xahau network (@XahauNetwork) as a launch participant. As stated earlier, we will support multiple chains that use the XRPL protocol and our commitment to the main XRPL remains steadfast. https://t.co/olzsK3veCx — XRPL Labs 🪝 (@XRPLLabs) August 28, 2023
The XRP Ledger protocol has made significant progress, paving the way for new opportunities in the retail sector. Additionally, XRPL Labs is currently in the process of releasing a detailed whitepaper for the Xahau Ledger. The developers have emphasized that the primary goal of this sidechain is to enhance the XRPL ecosystem with smart contract capabilities.
The Vision For The Smart Contract Sidechain For XRP Ledger
In a recent update on X (formerly known as Twitter), Wietse Wind, the founder of XRPL Labs, has announced collaborations with well-known entities such as GateHub, Alloy Networks, and EvernodeXRPL.
For ~two years @XRPLLabs has collaborated with other entities with a track record of building on and supporting the XRPL ecosystem. Today, together we publish the Whitepaper for “Xahau”, an XRP Ledger protocol chain. We’re proud to publish the Xahau Whitepaper alongside of… https://t.co/q75V1djsSp — WietseWind (🛠+🪝 Xumm @ XRPL Labs) (@WietseWind) August 28, 2023
Wind and their collaborative efforts have resulted in the publication of the Xahau whitepaper, highlighting the potential of smart contracts powered by Ledger. These contracts are seen as critical in developing solutions for everyday challenges. The founder of XRPL also expressed his dedication to the XRP Ledger ecosystem, stating:
We will continue to build for the entire XRP Ledger ecosystem, and everything we build will be open for the entire ecosystem to benefit from.
The founder expressed optimism for a multi-chain XRPL Protocol ecosystem, highlighting the potential of combining XRPL Mainnet's resilience with Hooks. Wind also hinted at future updates to the Xumm wallet, including support for multiple XRPL Protocol networks such as XRPL Mainnet and Xahau. These efforts are aimed at achieving the vision of XRP retail adoption. Wind also suggested that Xahau might become operational before the year ends, adding to the excitement.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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