XRP Ledger’s L2 Smart Contract Development Reaches Key Stage
Evernode, the XRP Ledger (XRPL) Layer 2 platform, has shared a series of updates on its journey toward launch, offering insights into its progress and the challenges it has faced. XRP Ledger Layer 2 Platform Audit Scheduled For Mid-August Evernode is a Layer 2 platform that seeks to bring smart contracts to the XRP Ledger ecosystem via Hooks. The platform is being developed by a team of experienced developers working to enhance the XRP Ledger network with advanced functionalities. Related Reading: Data Shows: Bitcoin Traders Going Long, Blast Above $30,000 Looming? In the first update,....
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More than 20 years ago, Nick Szabo proposed the use of a 'smart contract' to reduce fraud and enforcement costs associated with traditional paper contracts. His smart contract would be implemented as a “computerized transaction protocol that executes the terms of a contract” – in other words, a computer program. Like any other software, a 'smart contract' computer program would receive inputs, run a series of program steps, and supply outputs. For example, the smart contract could wait for a predetermined condition to occur (eg: a stock reaches a particular price), automatically deem the....
Cardano moves at full speed towards its final hard fork combinator (HFC) event Alonzo to implement full smart contract capabilities. The community has been keeping a close eye on the latest developments, as AlonzoPurple enters its final test stage. Input-Output Global, the company behind this blockchain and its development, recently disclosed that they submitted an upgrade proposal. This will allow the Cardano testnet to hard fork “into the Alonzo era”. ❗🍴 Today, we have just submitted an upgrade proposal to the #Cardano testnet to hardfork the chain into the #Alonzo era and enable smart....
The life cycle of smart contract development involves crucial steps: create, freeze, execute and finalize. Can a smart contract be destroyed?Yes, smart contracts can be destroyed using the selfdestruct function.Ethereum smart contracts provide a selfdestruct function that allows them to destroy a contract on the blockchain system. It is, however, a two-edged sword for developers. On the one hand, the selfdestruct function allows developers to delete smart contracts from Ethereum and transfer Ether in the event of an emergency, such as an attack. On the other hand, this function might add....
Shiba Inu developer Kaal Dhairya confirmed renouncing the ShibaSwap governance token BONE. This action implies that the smart contract creator gives up control of the token. Furthermore, the creator can no longer alter or manipulate the contract. Consequently, renouncing a smart contract makes it trustless and transparent, attracting more investors, some believe. This development could […]
Solidity and EVM make smart contracts available to every developer out there, regardless of experience. This is a good way to boost innovation in the smart contract space, but may not yield the best results in the initial stages. The recent debacle surrounding The DAO has shed an interesting spotlight on smart contract technology. Since individual developers wrote the entire concept of this project, it looks like smart contracts are not completely trustless. There is still a lot of work to be done before this technology is ready for mainstream adoption. Not everyone is capable of – or....