- XRPL Labs director Wietse wind expressed mixed emotions about Ripple’s recent adoption of Layer-1 Smart Contracts on XRP Ledger. He highlighted the challenges that were faced over the course of the four-year project.
- Wind urged Ripple, rather than exploring alternatives to the Hooks technology already present on the XRP Ledger corenet, to continue supporting it.
The broader crypto-community has shown enthusiasm for new developments to come with the XRP Ledger. XRPL Labs director Wietse wind reflected on the journey that took four years of development Hooks. Hooks is a Layer-1 solution smart contract already available in the XRP Ledger Mainnet.
Winds explains in his latest blog post the challenges that his supporters face, such as limited funding, skepticism or political barriers. But he emphasizes that Hooks was not just a concept, but a technology.
XRPL Labs’ director shared mixed feelings about the adoption of L1 smart contract technology, a move that was made after many years of hardwork and XRPL Labs pushing for it. Wind was also disappointed to learn about Ripple’s shift in stance from indirect channels, rather than through direct communication. Especially given Ripple CEO David Schwartz earlier statements, which described the mainnet as a place where users could exchange XRP. “fixed function ledger” Not suitable for smart contracts
XRPL Labs’ Director disappointed by Exploring Hooks Alternative
XRPL Labs’ director also raised concern about Ripple’s suggestion that it explore alternative technologies or different versions of Hooks while excluding the original developers. Ripple must make a choice, he said: Either embrace and support Hooks on the mainnet. Or risk alienating developers and fragmenting ecosystem.
Wind believes that Ripple should leverage Hooks to demonstrate its commitment to community driven innovation as it plans some of the key developments in the future. Wind also argued that Ripple must respect the contributions of other ecosystems and take them into account if it wants to continue developing smart contracts for the XRP Ledger.
— WietseWind (🪝🛠 Xaman @XRPLLabs) (@WietseWind) September 3, 2024
This is what Ripple smart contracts will bring
Ripple enhances the programmability of the XRP Ledger by integrating Smart Contracts into the mainnet as well as the broader ecosystem. This initiative allows developers to leverage the XRP Ledger’s enhanced capabilities and drive growth for the entire platform.
Ripple has a double strategy for enhancing programmability. Ripple will implement smart contracts in the XRP Ledger’s mainnet along with the upcoming XRPL sidechain. All of these developments will work in harmony to create a flexible and robust ecosystem. reported Crypto News Flash
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Source: www.crypto-news-flash.com
