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XRP Ledger L2 Smart Contract Hints at Timeline for Critical Milestone for Launch

Fri, 07/28/2023 - 12:54
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Tomiwabold Olajide
Evernode platform launch highly anticipated
XRP Ledger L2 Smart Contract Hints at Timeline for Critical Milestone for Launch
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XRP Ledger Layer 2 platform Evernode has shared an update as it advances in its journey toward launch. Evernode brings "Layer 2" smart contracts via Hooks to the XRP Ledger ecosystem.

In a Twitter update, Evernode stated that it has tentatively scheduled the audit of the Hooks V3 testnet to commence in mid-August. It cites a reason for this: like other XRPL grantees, it was still waiting on the paperwork and funds from Ripple to confirm.

In another update, it shares details on the testing of the Nomad contract. While the development team is progressing in its testing, it says the Nomad contract is proving harder to wrangle than expected as what is on the nodes under its control is not persisting on the betanet. It hopes to untangle this issue in the upcoming week.

Evernode provided some updates in April, stating that it was preparing for launch. The relaunch of the Evernode beta on the Hooks V3 testnet was announced. It was reported that this transition was the first step toward being ready to launch on their sidechain when it went live.

XRPL L2 Evernode Tech Design Might Be Upgraded, Here's How

At the time, Evernode cofounder Scott Chamberlain stated it was hoping for a second grant to audit Hooks v3 and fund the platform through launch.

On July 17, Evernode said it could round the final bend to start an external audit of the Hooks v3 testnet after it was selected as one of the XRPL Grants wave's five awardees.

The XRP community is anticipating the Evernode platform launch given the possibilities it brings to the XRP Ledger.  As stated in its whitepaper, there is a planned airdrop to XRP holders following the protocol's launch, with 2,580,480 Evers, the proposed native token of the protocol, earmarked for this purpose.

RippleX announces XRP Ledger Campus Ambassador program

RippleX has announced applications for the XRP Ledger Campus Ambassador program, which was founded by XRP Ledger Foundation and Ripple and is designed to empower, educate and engage students across campuses worldwide.

As stated in a blog post, the application window for the Fall 2023 XRP Ledger Campus Ambassador program is now officially open and will close on July 30.

The program, which will run from September to December, offers an opportunity for students to engage in blockchain technology and contribute to the growing Web3 ecosystem.

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About the author

Tomiwabold is a cryptocurrency analyst and an experienced technical analyst. He pays close attention to cryptocurrency research, conducting comprehensive price analysis and exchanging predictions of estimated market trends. Tomiwabold earned his degree at the University of Lagos.