Independent XRP Ledger and Evernode developer Wo Jake explained a fundamental difference between Ethereum (ETH) smart contracts and XRPL tokens
Programmability, i.e. the ability to support smart contracts and perform operations that require computing power, can be achieved in Ethereum (ETH) and XRP Ledger in different ways. Aspects of XRPL’s design pave the way for Hooks’ awesome flexibility and performance, says one developer.
Native Features and Token Standards: Wo Jake Explains the Difference Between Ethereum Smart Contracts and Hooks
XRP Ledger and Ethereum based software (Hooks and smart contracts respectively) are built differently. While Ethereum (ETH) has become feature-rich thanks to the “standards and cool stuff” built since its launch in 2015, XRP Ledger’s design has a variety of features “natively”.
I don’t think people still *fully* understand the technical and commercial implication on a #Hooks-network enabled.
THE #XRPL comes with a variety of features natively, and with Hooks (smart contracts) and Evernode (L2) we’re going to have a LOT of flexibility and leverage.
— Wo Jake 🪝 (@woj4ke) June 25, 2023
This statement was shared by Wo Jake, independent developer of XRP Ledger and its flagship second-layer solution Evernode. In his recent tweet, he admitted that few people actually understand the technical and business implications of XRP Ledger with Hooks.
Jake is also convinced that the combination of XRP Ledger’s feature-rich core design, its Hooks functionality and L2 scaling tools opens up wonderful opportunities for flexibility and leverage.
However, many functions are still waiting to be implemented in the technical design of XRP Ledger:
We are the first builders, we have the chance to shape an entire network.
The XRP token, a core native asset of XRP Ledger, is changing hands at $0.48 on major spot trading platforms. It has lost 1.38% of its valuation in the past 24 hours.
XRPL hooks: Successful audit, what next?
As previously reported by U.Today, XRPL Hooks, a simple smart contract for XRP Ledger, finally achieved a major milestone this month.
On June 6, 2023, it was reported that cybersecurity firm FYEO had completed the XRPL Hooks codebase audit without any major bugs being disclosed.
Now, the discussion is gaining momentum regarding the next phases of the Hooks Amendment implementation in the mainnet. Some seasoned XRP developers, including Scott Chamberlain, co-founder of Evernode, believe that it is best to enable this feature on an isolated sidechain.