As reported on Ripple’s official communication channels on September 2, 2024, the programmability of the XRP Ledger is set to see major enhancements through two key developments.

This announcement has captured the attention of the crypto community, including notable enthusiasts like Crypto Eri, who described the news as the “biggest” she has ever encountered in her involvement with the digital asset space.

Introduction of Native Smart Contract Capabilities

The first significant advancement is the introduction of native smart contract capabilities on the XRP Ledger Mainnet. Currently, in the research phase, this development is poised to bring a new layer of functionality to the XRP Ledger, allowing developers to build decentralized applications (dApps) directly on the platform.

Native smart contracts are expected to provide seamless integration of complex programmable transactions, which would be a substantial improvement over the current system, where such functionality is limited or has to be implemented via external mechanisms.

The move to integrate native smart contracts aligns the XRP Ledger with other major blockchain ecosystems, such as Ethereum, where smart contracts have been instrumental in the development of decentralized finance (DeFi), non-fungible tokens (NFTs), and various other blockchain-based innovations.

By bringing this capability to the XRP Ledger, Ripple positions its blockchain as a more versatile and competitive option in the ever-evolving digital landscape.

Launch of the XRPL EVM Sidechain

In tandem with the development of native smart contracts, Ripple also announced the impending launch of the XRPL EVM (Ethereum Virtual Machine) Sidechain. This sidechain is expected to go live in the coming months and will allow for greater interoperability between the XRP Ledger and Ethereum’s ecosystem.

The XRPL EVM Sidechain will enable developers to deploy Ethereum-based smart contracts on the XRP Ledger, taking advantage of Ethereum’s robust dApp infrastructure while benefiting from the speed, efficiency, and scalability of the XRP Ledger.

The EVM sidechain integration will facilitate smoother transitions and interactions between the XRP and Ethereum ecosystems, potentially leading to new hybrid applications and increased liquidity across platforms.

For developers and users alike, this means they will soon be able to enjoy the best of both worlds: the innovation and flexibility of Ethereum’s smart contracts, coupled with the high-performance capabilities of the XRP Ledger.

This dual-functionality could position the XRP Ledger as a key player in the broader blockchain space, attracting more developers, users, and projects to its ecosystem.

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Impact on the Industry and Public Response

These advancements mark a significant step forward for Ripple and the XRP Ledger, as they aim to broaden the scope and usability of the blockchain beyond its original focus on payments and remittances.

The integration of smart contracts and the launch of the EVM sidechain are likely to attract a wider range of developers and users, potentially leading to an increase in the adoption of XRP and the XRPL ecosystem.

The crypto community has responded enthusiastically to this news, with Crypto Eri, a prominent figure in the space, expressing her excitement by stating, “Biggest news for me, ever.”

This sentiment reflects the impact these developments could have on the XRP Ledger and the broader blockchain industry. The introduction of these features could be a game-changer, not only for Ripple but also for the countless projects and innovations that could be built on the XRP Ledger.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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Despite the relentlessness of the team of developers at IOG to make this happen and a lot of proofs to show for it, critics still believe that the team can’t deliver as promised.

Read Also: Charles Hoskinson: Cardano on the Cusp of Adding Support for Web and Mobile Integration

A Bet on Whether Cardano Would Deliver As Promised

A platform has currently launched a bet on whether Cardano would implement smart contracts before 1st October 2021.

The title of the bet says, “Will Cardano support smart contracts on mainnet before October 1st, 2021?.” The two odds “Yes or No” provided are very close currently. And a lot of critics continue to bet against Cardano with their hard-earned money.

Recently, one of the Cardano critics called the attention of the CEO of IOG, Charles Hoskinson. The critic said he’s sure that Cardano will fail to deliver as promised. However, Hoskinson sees this as a test to push the crypto project to its success.

Read Also: Bitrue to Become the First Crypto Exchange to List Cardano-Based Tokens

The user tweeted, “I’ve found free money on Polymarket. There is no chance ADA will have a functioning smart contract on mainnet in 2021. Charles Hoskinson especially mentioned this bet and made fun of it. Surely he will ignore it when this bet resolves and ”No” betters get their rewards.

I've found free money on Polymarket

There is no chance $ADA will have a functioning smart contract on mainnet in 2021. Charles Hoskinson especially mentioned this bet and made fun of it. Surely he will ignore it when this bet resolves and ''No'' betters get their rewards. pic.twitter.com/nOfCZU1yWl

— S. Z. Tanyel, MD, DDS (@tanybro) July 24, 2021

“Charles Hoskinson will most likely completely clone another working POS chain and call it an update of ADA and decorate it with fact-bending theses to make it look like it evolved from the current github.” He added.

Next Two Months Are Going To Be Fun for Cardano

As expected, Charles Hoskinson did not leave the critic without a response. He used the opportunity to reassure the community, stating that the roadmap to the implementation of smart contracts functionality on Cardano has not changed.

Read Also: Charles Hoskinson Stresses the Uniqueness of Djed, Cardano’s Upcoming Algorithmic Stablecoin

He said critics will continue to throw their usual jibes, but the next two months will be fun for the Cardano ecosystem.

Charles Hoskinson tweeted, “It’s amazing how delusional some people are. This is honestly the level cardano critics are at now. Next two months are going to be fun. Expect a lot of meltdowns and temper tantrums from the paint chip brigade.”

It's amazing how delusional some people are. This is honestly the level cardano critics are at now. Next two months are going to be fun. Expect a lot of meltdowns and temper tantrums from the paint chip brigade https://t.co/5d8b1wJEk3

— Charles Hoskinson (@IOHK_Charles) July 24, 2021

Read Also: Benjamin Cowen Stresses Why Cardano Has Better Marketing Compared to Other Chains

Meanwhile, Cardano has advanced from Alonzo Blue to Alonzo White, bringing the network closer to the smart contracts era.

After the White phase, Alonzo is expected to go fully public, which is dubbed Alonzo Purple. In this phase, Alonzo will become available to all stake pool operators (SPOs) and pioneers.

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The post Charles Hoskinson: Next Two Months Are Going To Be Fun for Cardano appeared first on Times Tabloid.

The new development was shared a couple of hours ago via the official Twitter handle of Input Output Global (IOG), the software firm behind the development of Cardano (ADA).

Read Also: Cardano Foundation Partners With Rwanda-Based NGO to Launch ADA Charity Platform

According to the report, the Alonzo testnet has been successfully forked to the new Alonzo White node, stating that the new network is already making blocks as expected.

IOG tweeted, “HARD FORK SUCCESSFUL: Delighted to report around 19.44 UTC today we successfully forked the Alonzo testnet to the new Alonzo White node. The new network is happily making blocks already.”

HARD FORK SUCCESSFUL: Delighted to report around 19.44 UTC today we successfully forked the #Alonzo testnet to the new #AlonzoWhite node. The new network is happily making blocks already. 1/5

— Input Output (@InputOutputHK) July 14, 2021

This has been regarded as a great development by the Cardano community members that expect the emerging smart contract platform to start challenging the stern rival, Ethereum, in a couple of months’ time.

In the thread of tweets, IOG pointed out that the way is getting clearing for the much-awaited Goguen era, which is expected to usher in smart contracts functionality on Cardano.

Read Also: Cardano Foundation Mints World’s First NFTA on Cardano to Celebrate Newly Launched Developer Portal

IOG stated:

“Over the past week, we have spun up a new network and onboarded our new intake ready to help us move us closer to smart contracts. Now the next stage of the journey begins.

“As well as our core SPO group, we’re now joined by members of the Project Catalyst crew and more Plutus partners. Plus a few more Pioneers to move us forward before opening up further. You can hear more about the journey in our mid-month update – landing Friday.

“We’ll monitor the new network closely over the next 24 hours while continuing to do further QA work on the node tonight. We’ll then review any feedback/results tomorrow and start addressing any required fixes. We expect a number of updates as we add features to Alonzo White.

“Thanks as ever to all our Alonzo testnet volunteers helping us on the journey to Cardano smart contracts! Onwards!”

Read Also: Charles Hoskinson: There Are Thousands of Assets and Over $10M of NFTs Have Been Sold On Cardano

What to Expect After Alonzo White Phase

Alonzo is expected to go fully public after the White phase, which is known as Alonzo Purple. This implies that it will become available to all stake pool operators (SPOs) and pioneers.

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