XRP+, a New XRP For XRPL Ecosystem. Here’s What You Need to Know

Evernode, a global leader in permissionless Layer 2 smart contract platforms, has made a groundbreaking announcement, unveiling Xahau—the revolutionary smart contract sidechain designed specifically for the XRPL ecosystem.

Xahau, a fork of the XRP Ledger’s open-source “rippled” codebase, introduces the innovative Xahaud, enabling seamless integration of smart contracts.

Read Also: Ripple CTO Addresses Concerns Over XRPL Memos and Potential Misuse by Banks and Governments

Unveiling Xahau’s Standout Features

At the heart of Xahau’s capabilities lies its steadfast commitment to preserve the robust features of the XRPL Core, ensuring uninterrupted access to the network’s defining elements. The advent of Hooks represents a cutting-edge addition, propelling smart contract implementation to the forefront. These dynamic code snippets effectively enforce transaction rules, fortifying the network’s security and bolstering overall efficiency.

Moreover, the introduction of the revolutionary Burn2Mint liquidity portal solidifies the bond between Xahau and the XRP Ledger, facilitating a smooth two-way flow of assets between the two networks. Truly, Xahau derives its strength from its unwavering governance model, with up to 20 independent validators overseeing critical protocol decisions.

Empowering Smart Contracts with XRP+

Driving the operations of Xahau is its native utility token, Xahau XRP (XRP+), designed to incentivize validators and empower the smart contract ecosystem. Serving as the network’s indispensable currency, XRP+ facilitates secure and efficient transactions while supporting a multitude of network services.

The token’s supply is meticulously managed through a combination of various amendments, including burned XRP from the XRPL and monthly balance adjustments, ensuring the continuous vitality of the ecosystem. Distributing an initial supply of 600 million Xahau XRP among validators and stakeholders underscores the unwavering commitment to creating a vibrant and thriving ecosystem for all participants.

Read Also: Ripple CTO David Schwartz Explores XRP Role on XRP Ledger (XRPL) Beyond Gas Token

Charting a New Era of Efficiency, Security, and Innovation

This momentous unveiling is a testament to the unwavering dedication of developers who seek to reshape the very landscape of the XRP Ledger. By seamlessly integrating smart contracts into the XRPL ecosystem, Xahau sets the stage for a new era characterized by heightened efficiency, fortified security, and boundless innovation.

The potential impact of Xahau on the XRPL ecosystem cannot be overstated. It has the power to revolutionize the way transactions are conducted and open up new avenues for users to leverage the full potential of blockchain technology.

In conclusion, the introduction of Xahau and its accompanying XRP+ token signifies a pivotal moment in the evolution of the XRPL ecosystem. With its transformative capabilities, Xahau has the potential to unleash unprecedented efficiency, security, and innovation, positioning itself as a catalyst for the wider adoption of smart contracts within the blockchain industry.

As developers continue their tireless efforts, the future of the XRP Ledger looks brighter than ever, fueled by the promises of Xahau and the remarkable opportunities it brings.

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