{"id":28840,"date":"2023-08-28T22:53:11","date_gmt":"2023-08-29T02:53:11","guid":{"rendered":"http:\/\/cryptocornercafe.com\/cafe\/?p=28840"},"modified":"2023-08-28T22:53:11","modified_gmt":"2023-08-29T02:53:11","slug":"xrpl-labs-reveals-smart-contract-sidechain-for-xrp-ledger-what-this-means-for-the-altcoin","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2023\/08\/28\/xrpl-labs-reveals-smart-contract-sidechain-for-xrp-ledger-what-this-means-for-the-altcoin\/","title":{"rendered":"XRPL Labs Reveals Smart Contract Sidechain For XRP Ledger, What This Means For The Altcoin"},"content":{"rendered":"

Earlier today, XRPL Labs divulged its latest development: Xahau Ledger, a smart contract sidechain integrated into the XRP Ledger (XRPL) ecosystem. This is said<\/a> to enhance the capabilities of the XRP Ledger, pushing it a step closer to widespread retail adoption.<\/p>\n

The announcement<\/a> by XRPL Labs, the brain behind the XRP Ledger\u2019s self-custody wallet named Xumm, has reignited excitement within the community, pointing toward significant advancements for this altcoin. However, so far, the altcoin remains in red down by 1%<\/a> in the past 24 hours.<\/p>\n

An Introduction To Xahau Ledger<\/h2>\n

On August 28,\u00a0XRPL Labs conveyed its integration with the Xahau Ledger, characterizing it as an \u201cambitious move\u201d to introduce multifaceted features to the XRP Ledger. This integration is seen as a catalyst, propelling the adoption<\/a> of the altcoin and its foundational ledger.<\/p>\n

We are proud to be part of the Xahau network (@XahauNetwork<\/a>) as a launch participant. As stated earlier, we will support multiple chains that use the XRPL protocol and our commitment to the main XRPL remains steadfast. https:\/\/t.co\/olzsK3veCx<\/a><\/p>\n

\u2014 XRPL Labs (@XRPLLabs) August 28, 2023<\/a><\/p>\n

Such progress firmly positions the XRP Ledger protocol to break new ground in the retail sector. Furthermore, XRPL Labs is in the phase of rolling out a comprehensive whitepaper for the Xahau Ledger. <\/p>\n

As emphasized by the developers, this sidechain\u2019s primary purpose is to infuse the XRPL ecosystem<\/a> with smart contract capabilities.<\/p>\n

The Vision For The Smart Contract Sidechain For XRP Ledger<\/h2>\n

Wietse Wind, the founder of XRPL Labs, in a recent update on X (formerly recognized as Twitter), disclosed the collaboration with prominent names, including GateHub, Alloy Networks, and EvernodeXRPL.<\/p>\n

For ~two years @XRPLLabs<\/a> has collaborated with other entities with a track record of building on and supporting the XRPL ecosystem.<\/p>\n

Today, together we publish the Whitepaper for \u201cXahau\u201d, an XRP Ledger protocol chain.<\/p>\n

We\u2019re proud to publish the Xahau Whitepaper alongside of\u2026 https:\/\/t.co\/q75V1djsSp<\/a><\/p>\n

\u2014 WietseWind (+ Xumm @ XRPL Labs) (@WietseWind) August 28, 2023<\/a><\/p>\n

According to Wind, their joint efforts have led to the Xahau whitepaper\u2019s publication, underscoring the potential of the Ledger-powered smart contracts. Wind envisions these contracts as pivotal in crafting solutions for daily life challenges<\/a>.<\/p>\n

The XRPL founder further disclosed his commitment to the XRP Ledger ecosystem. In his words: <\/p>\n

We will continue to build for the entire XRP Ledger ecosystem, and everything we build will be open for the entire ecosystem to benefit from.<\/p>\n

He further expressed his optimism for a multi-chain XRPL Protocol ecosystem, emphasizing the combination of XRPL Mainnet\u2019s proven resilience<\/a> with the limitless potential of Hooks.<\/p>\n

Furthermore, Wind dropped hints about future updates to the Xumm wallet, indicating support for multiple XRPL Protocol networks, notably XRPL Mainnet and Xahau.<\/p>\n

According to the founder, this is a move aimed at achieving the overarching vision of XRP retail adoption. To add to the anticipation, Wind hinted that Xahau might become operational before the year concludes.<\/p>\n

Featured image from Unsplash, Chart from TradingView<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

Earlier today, XRPL Labs divulged its latest development: Xahau Ledger, a smart contract sidechain integrated into the XRP Ledger (XRPL) ecosystem. This is said<\/a> to enhance the capabilities of the XRP Ledger, pushing it a step closer to widespread retail adoption.<\/p>\n

The announcement<\/a> by XRPL Labs, the brain behind the XRP Ledger\u2019s self-custody wallet named Xumm, has reignited excitement within the community, pointing toward significant advancements for this altcoin. However, so far, the altcoin remains in red down by 1%<\/a> in the past 24 hours.<\/p>\n

An Introduction To Xahau Ledger<\/h2>\n

On August 28,\u00a0XRPL Labs conveyed its integration with the Xahau Ledger, characterizing it as an \u201cambitious move\u201d to introduce multifaceted features to the XRP Ledger. This integration is seen as a catalyst, propelling the adoption<\/a> of the altcoin and its foundational ledger.<\/p>\n

We are proud to be part of the Xahau network (@XahauNetwork<\/a>) as a launch participant. As stated earlier, we will support multiple chains that use the XRPL protocol and our commitment to the main XRPL remains steadfast. https:\/\/t.co\/olzsK3veCx<\/a><\/p>\n

\u2014 XRPL Labs (@XRPLLabs) August 28, 2023<\/a><\/p>\n

Such progress firmly positions the XRP Ledger protocol to break new ground in the retail sector. Furthermore, XRPL Labs is in the phase of rolling out a comprehensive whitepaper for the Xahau Ledger. <\/p>\n

As emphasized by the developers, this sidechain\u2019s primary purpose is to infuse the XRPL ecosystem<\/a> with smart contract capabilities.<\/p>\n

The Vision For The Smart Contract Sidechain For XRP Ledger<\/h2>\n

Wietse Wind, the founder of XRPL Labs, in a recent update on X (formerly recognized as Twitter), disclosed the collaboration with prominent names, including GateHub, Alloy Networks, and EvernodeXRPL.<\/p>\n

For ~two years @XRPLLabs<\/a> has collaborated with other entities with a track record of building on and supporting the XRPL ecosystem.<\/p>\n

Today, together we publish the Whitepaper for \u201cXahau\u201d, an XRP Ledger protocol chain.<\/p>\n

We\u2019re proud to publish the Xahau Whitepaper alongside of\u2026 https:\/\/t.co\/q75V1djsSp<\/a><\/p>\n

\u2014 WietseWind (+ Xumm @ XRPL Labs) (@WietseWind) August 28, 2023<\/a><\/p>\n

According to Wind, their joint efforts have led to the Xahau whitepaper\u2019s publication, underscoring the potential of the Ledger-powered smart contracts. Wind envisions these contracts as pivotal in crafting solutions for daily life challenges<\/a>.<\/p>\n

The XRPL founder further disclosed his commitment to the XRP Ledger ecosystem. In his words: <\/p>\n

We will continue to build for the entire XRP Ledger ecosystem, and everything we build will be open for the entire ecosystem to benefit from.<\/p>\n

He further expressed his optimism for a multi-chain XRPL Protocol ecosystem, emphasizing the combination of XRPL Mainnet\u2019s proven resilience<\/a> with the limitless potential of Hooks.<\/p>\n

Furthermore, Wind dropped hints about future updates to the Xumm wallet, indicating support for multiple XRPL Protocol networks, notably XRPL Mainnet and Xahau.<\/p>\n

According to the founder, this is a move aimed at achieving the overarching vision of XRP retail adoption. To add to the anticipation, Wind hinted that Xahau might become operational before the year concludes.<\/p>\n

Featured image from Unsplash, Chart from TradingView<\/p>\n

<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"colormag_page_layout":"default_layout","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[82],"tags":[],"class_list":["post-28840","post","type-post","status-publish","format-standard","hentry","category-blockchain"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/28840","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/comments?post=28840"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/28840\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=28840"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=28840"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=28840"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}