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- XRP developer Wietse Wind has sparked a discussion on the gap between XRPL and Ethereum ecosystems.
- Hooks V3 testnet has already incorporated this technology.
- The XRP community has been discussing token representation and genuine utility.
Renowned XRP Ledger developer and contributor Wietse Wind recently took to Twitter to express his thoughts on the perceived disparity between the XRP Ledger (XRPL) and Ethereum or EVM ecosystems regarding introducing innovative features and concepts.
XRPL Hooks: A Catalyst for Developer Creativity
Wind acknowledged the remarkable talent and creativity possessed by XRPL developers. Yet, he shed light on the obstacles they encountered when implementing core XRPL code and gaining approval for integrating ideas from side developers.
🧵 Why is it always the ETH/EVM ecosystems coming up with new cool features and ideas, and why is the XRPL always playing catch up?
— WietseWind (🛠Xumm @ XRPL Labs) (@WietseWind) June 1, 2023
Because of smart contracts.
You don't have to change the entire blockchain protocol: you get a blank canvas, come up a new feature and build it.
To tackle this issue and ensure that the XRP Ledger remains competitive amidst the rapidly evolving landscape of decentralized technologies, Wind emphasized the significance of Hooks.
According to Wind, Hooks will catalyze developers, giving them a blank canvas to unleash their ideas and creativity. This groundbreaking technology enables developers to imbue their own logic into accounts on XRPL protocol chains.
Wind also informed his audience that Hooks is already available on the Hooks V3 testnet, and a thorough security audit has been completed, with plans to release it soon.
XRP Community Embraces Sidechains
Wind clarified that the side chain would incorporate a representation of XRP, dismissing any notion of issuing a separate token as redundant. He stressed the importance of ensuring genuine utility for any additional tokens that may be introduced.
Other XRPL developers also joined the conversation, with Neil Hartner highlighting the strength of the XRPL ecosystem in avoiding smart contract bugs and subsequent thefts that have plagued Ethereum-based ecosystems.
Same reason ETH/EVM ecosystems have repeatedly had millions stolen due to smart contract bugs but you never hear about that happening in the XRPL ecosystem.
— Neil Hartner (@illneil) June 1, 2023
Another Ripple developer, who goes by the nickname “Bias Goose,” welcomed the emergence of a competing standard within the XRPL ecosystem. Filled with optimism, he expressed his belief in the success of both side chains and pledged his unwavering support to foster their growth.
On the Flipside
- The perceived gap between the XRPL and Ethereum or EVM ecosystems may not be as significant as portrayed, pointing out that both platforms have their own unique strengths and areas of focus.
- While Hooks may offer developers more freedom and flexibility, it could introduce complexities and security risks if not implemented and monitored carefully.
- While commendable, the emphasis on avoiding smart contract bugs and thefts in the XRPL ecosystem should not overshadow the immense innovation and growth witnessed in Ethereum-based ecosystems.
Why This Matters
By providing a blank canvas for ideas and logic, Hooks has the potential to revolutionize the XRPL ecosystem and propel it forward in the ever-evolving world of decentralized technologies.
To learn more about Ripple CTO’s unveiling of an automated market maker network on XRPL, read here:
Ripple CTO Unveils Automated Market Maker Network on XRPL
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