In a groundbreaking move, Evernode, a global permissionless Layer 2 smart contract platform, has unveiled Xahau — the smart contract sidechain for the XRPL ecosystem. At its core, Xahau is a fork of the XRP Ledger's open-source "rippled" codebase, meticulously crafted to accommodate smart contracts — a novel feature referred to as Xahaud.
Central to Xahau's capabilities are its standout features. Notably, the XRPL Core remains intact, ensuring the continuity of robust features that have long defined the network. Hooks, a cutting-edge addition, brings smart contract implementation to the fore. These nimble code snippets enforce transaction rules, bolstering security and efficiency.
A revolutionary Burn2Mint liquidity portal binds Xahau to the XRPL, facilitating a two-way flow of assets between the networks. Governance stands as a cornerstone of Xahau. A two-tiered model, involving up to 20 independent validators, oversees key protocol decisions.
So you will not need to move or burn any XRP from your XRPL account to clone your XRP account & set a trustline for Evers airdrop.— Evernode - No Trustline & No Support🪝 (@EvernodeXRPL) August 28, 2023
*Anybody asking you to move your XRP or share keys or join telegram or join discord or dm them for details is a scammer trying to take your tokens*
Fueling Xahau's operations is its native token, Xahau XRP (XRP+), designed to incentivize validators and empower smart contracts. XRP+ functions as the network's utility token, facilitating transactions and network services. With a supply determined through various amendments, including burned XRP from the XRPL and monthly balance adjustments, the ecosystem's vitality is maintained.
The initial distribution of 600 million Xahau XRP, divided among validators and stakeholders, underscores the commitment to a vibrant and thriving ecosystem.
This momentous unveiling reflects developers' dedication to reshaping the landscape of XRP Ledger. Xahau's integration of smart contracts within the XRPL ecosystem can pave the way for a new era of efficiency, security and innovation.