- Evernode, a Layer 2 platform for the XRP Ledger, is progressing towards launch, with an audit scheduled for mid-August.
- The platform, which will bring smart contracts to the XRP Ledger ecosystem, has faced challenges but remains optimistic about overcoming them.
- The successful launch of Evernode’s platform could open up new opportunities for developers, potentially driving adoption and growth in the XRP Ledger ecosystem.
Evernode, the Layer 2 platform for the XRP Ledger (XRPL), is making significant strides towards its launch. The platform aims to introduce smart contracts to the XRPL ecosystem, enhancing its functionality and appeal to developers. The audit of Evernode’s three hooks is tentatively set to commence in mid-August, pending paperwork and funding confirmation from Ripple.
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The development journey has not been without its challenges. The Nomad contract, for instance, proved more complex than anticipated. However, the team remains undeterred, working diligently to rectify identified bugs and improve the platform. The invaluable feedback from approximately 104 betahosts has been instrumental in this process.
The development of Evernode’s Layer 2 platform underscores the complexity of enhancing the XRPL and the necessity for comprehensive testing and auditing. However, the potential benefits are substantial. Upon successful launch, Evernode will enable developers to create and deploy smart contracts on the XRPL network, unlocking new use cases and applications. This could position XRPL as a competitor to other smart contract platforms, such as Ethereum, which has seen significant success in decentralized finance (DeFi).
Moreover, Evernode’s platform could catalyze the adoption of XRPL by attracting more developers to the ecosystem. As the developer community grows, so too will the network’s capabilities, leading to more use cases, applications, and ultimately, increased adoption and value.
The development of Evernode’s Layer 2 platform is a significant development for the XRPL community. It demonstrates the ongoing innovation within the ecosystem, which is crucial for its growth and success. The successful launch of the platform could open up new opportunities for developers, potentially driving adoption and growth in the XRPL ecosystem.
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