Ripple is set to enhance the XRP Ledger’s (XRPL) capabilities, with significant upgrades on the horizon. These improvements focus on boosting the programmability of the ledger, positioning it as a more versatile platform for developers and businesses alike.
A key highlight of the planned upgrades is the introduction of smart contracts to the XRP Ledger. Ripple has shared that smart contracts could become a reality on XRPL as early as next year. Although the functionality is currently in the research phase, the company is making strides toward integrating this feature seamlessly. The XRPL Hooks, an advanced feature that allows users to customize transaction logic, will lay the groundwork for these smart contracts on the mainnet.
Focus on Accessibility and Performance
Ripple aims to ensure that the new features are permissionless and easy to learn while offering customization options for developers. Ripple also commits to minimizing any potential impact on performance and infrastructure costs. This approach reflects Ripple’s intention to maintain XRPL’s reputation for speed and efficiency, even as it evolves to accommodate more complex functionalities.
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Another significant development is the upcoming XRPL EVM sidechain. Announced by the RippleX team in June, this sidechain is expected to merge the best attributes of the XRP Ledger and Ethereum’s Virtual Machine (EVM). The sidechain will enable developers to create decentralized applications (dApps) that leverage the unique strengths of both platforms. This hybrid approach could lead to the development of innovative dApps that are more powerful and versatile than those currently available.
Strengthening Crypto Infrastructure
Ripple CEO Brad Garlinghouse commented on these developments, emphasizing that the foundations of crypto infrastructure are steadily becoming more robust. He noted that these enhancements aim to support real-world use cases, highlighting Ripple’s commitment to driving practical applications of blockchain.
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Earlier this year, the XRPL also introduced an Automated Market Maker (AMM) functionality, expanding its capabilities and appeal to users.
With these advancements, Ripple is positioning the XRP Ledger as a leading platform for decentralized finance and other blockchain-based solutions, paving the way for broader adoption and innovation in the crypto space.
