An interesting news on the debut of Evernode, a Layer-2 smart contract solution built on top of XRP Ledger (XRPL), has been provided.
Evernode, which aims to make it possible for anybody to host and implement smart contracts on the XRPL, reports in a recent tweet that it may be getting closer to being live.
https://x.com/EvernodeXRPL/status/1708955737211433136?s=20
This is happening when the Web3 audit platform, FYEO, is auditing the code of Xahau. The Xahau code is already complete, according to the CTO of XRPL Labs, who goes by the XRPL Labs handle “Richard AH” on X.
The planned Hooks sidechain and smart contract sidechain for the XRPL ecosystem is called the Xahau Ledger. The Xahau white paper was jointly released in August by XRPL Labs, Evernode, Alloy Networks, and others.
Since then, Xahau has been actively being developed in anticipation of its release. An update to the Xahau Testnet (formerly known as Hooks V3 testnet) was announced by Wietse Wind, an XRPL Labs engineer, on September 25. One of the new features included was the “UNL Report,” in which UNL nodes report the sane functioning of other UNL nodes.
According to Evernode, the Xahau launch is crucial because Evers and Evernode might not exist until Xahau does.
As soon as b2m is audited, a portion of Evernode’s code, known as “3 hooks,” may enter Xahau’s code audit, indicating that the project was one step closer to launch.
By using the B2M, or Burn2Mint, mechanism, Xahau’s native token, Xahau XRP, which is derived from XRP burnt on the XRPL, may be migrated to the platform.
Following the launch of Evernode, an airdrop to XRP holders is planned, with a sizable number of Evers, the protocol’s proposed native currency, set aside for this reason. Users will be able to apply for the airdrop depending on their XRP balance on the XRPL as of the Sept. 1 snapshot after Xahau is made available.
