Basic smart contract functionality called XRPL Hooks has successfully passed a security audit by a leading third-party vendor
The global XRP Ledger community is once again approaching an incredible milestone in the technological development of the protocol. XRPL “Hooks”, the most anticipated upgrade of XRP Ledger technology since its launch, has been successfully audited.
XRP Ledger is now one step closer to smart contracts, security audit passed
According to the official announcement Shared by XRPL Labs, the “Hooks” amendment designed to make XRP Ledger fully programmable has successfully passed a security audit. The protocol update’s code base has been audited by American cybersecurity innovator FYEO.
— XRPL Labs (@XRPLLabs) June 5, 2023
FYEO relies on artificial intelligence (AI) instruments to ensure rigorous third-party stress testing of blockchain software. The audit covered all elements of a potential upgrade, including the Hook API, helper functions, and runtime environment.
The XRPL Labs team has declared itself satisfied with the results of a third-party security audit and will take into account all the recommendations of the auditors:
FYEO’s feedback has been exceptionally positive. During their audit, they found no serious or serious security issues. Several minor issues and a few moderate issues were found and were quickly resolved by us.
As previously reported by U.Today, XRPL hooks are essentially smart contracts for XRP Ledger. They will allow developers to write software programs with basic economic logics similar to those of the main smart contract platforms.
The mainnet release of this feature is expected to take place during the third and fourth quarters of 2023.
Why it’s better to throw “Hooks” in sidechains: Opinion
Meanwhile, some seasoned XRPL experts are certain that hooks should be implemented first in a sidechain, not in the XRP Ledger mainnet.
Scott Chamberlain, co-founder of pioneering XRPL L2 Evernode, shared his concerns about the challenges of enabling “Hooks” and offered his own solution:
The Hooks ledger must be a sidechain and have tokenomics that connect it to the mainnet and make it a meaningful addition to the XRP ecosystem, not another Stellar.
As we previously reported, XRPL developer Wo Jake warned in August 2022 that the blockchain could be “years away” from smart contract activation.
The mechanism has been tested in beta since February 2021.