XRPL Labs Unveils Xahau Ledger to Enhance Its Impact
In Brief
The introduction of Xahau Ledger, a tool for smart contracts, marks a new chapter for the XRP Ledger, further expanding its capabilities.
This innovative addition is designed to enhance the utility of the XRP Ledger and encourage broader retail adoption.
Despite the enthusiasm surrounding this launch, it’s worth noting that within the last 24 hours, the XRP altcoin's value has dipped by 1%.
XRPL Labs announced The integration of the Xahau Ledger, which supports smart contracts, is set to enrich the XRP Ledger framework, and while the altcoin's value has seen a slight retreat of 1% in the last day, the news has reignited interest among enthusiasts in the XRP community.
Wietse Wind Wietse Wind, the driving force behind XRPL Labs, took to the social media platform X (formerly Twitter) to shed more light on this ambitious endeavor, revealing partnerships with renowned industry figures. GateHub , Alloy Networks , and EvernodeXRPL .
Wind mentioned that their team has been collaborating with a number of organizations for the past two years, aiming to strengthen and elevate the XRPL ecosystem.
We take pride in our role as an early participant in the Xahau network. As mentioned previously, we will support multiple chains utilizing the XRPL protocol while remaining committed to the core XRPL. @XahauNetwork The launch of this smart contract sidechain is expected to broaden the functionalities of the XRP Ledger, pushing it closer to acceptance in retail environments. Wind emphasizes that these smart contracts will serve as essential instruments to address everyday challenges. https://t.co/olzsK3veCx
— XRPL Labs 🪝 (@XRPLLabs) August 28, 2023
The XRP’s Sidechain’s Big Role
Our aim is to keep building for the entire XRP Ledger ecosystem, ensuring that every development we introduce offers benefits to the broader community.
Wind also hinted at some exciting updates for the Xumm wallet, suggesting that it will soon allow support for different XRPL Protocol networks, including both the XRPL Mainnet and the new Xahau chain.
Wind said
According to Wind, these enhancements are part of a larger vision to promote the retail utilization of XRP.
There’s a possibility that Xahau could be up and running before the year wraps up. XRPL Labs considers this development to be a pivotal milestone in the XRP Ledger's evolution.
The Future of XRP and Xahau Ledger
A whitepaper outlining Xahau's features and capabilities is currently being prepared. While the future implications of this initiative remain to be seen, the company is optimistic that it could create new opportunities within the XRP Ledger.
As we advance through this stage, the XRP community is keeping a watchful eye on the exciting progress unfolding.
Friend.tech Sees a 94% Decline in Volume, Indicating Hype is Winding Down
Read more:
- TOKEN2049: Best Events Curated by Mpost
- Uzbekistan’s New Crypto Regulations Signal a Boost for Economic Growth
- Please remember that the information provided here should not be construed as legal, tax, investment, financial, or any advice of alternative kinds. It's crucial to only invest what you can afford to lose and to seek independent financial guidance if you're unsure. For additional details, we recommend reviewing the terms and conditions as well as the support and assistance resources provided by the issuer or advertiser. MetaversePost strives to deliver accurate and unbiased reporting, but keep in mind that market conditions can change unexpectedly.
Airdrops Calendar
Hot Projects Metaverse Post Nik is a skilled analyst and writer at Metaverse Post, known for offering insightful commentary on the rapidly evolving tech landscape, particularly in areas like AI/ML, XR, VR, on-chain analytics, and blockchain advancements. His articles resonate with and enlighten a varied audience, helping them navigate the cutting edge of technology. With a Master's degree in Economics and Management, Nik possesses a deep understanding of the complexities of the business sector and its interplay with emerging tech.