Ripple XRP Labs Launches L1 Smart Contract Functionality on the XRP Ledger.
Ripple’s XRPL Labs, the software development company of the XRP Ledger, noted recently that it has rolled out Hooks Builder, a web-based environment, that will allow developers to test, debug, and deploy Layer-1 smart contracts on XRPL.
Wietse Wind, a leading XRP Ledger developer, also shared the development.
“One of the biggest things for the XRP Ledger (but I’m biased ). Today, the world can build ‘layer 1’ smart contracts on the XRP Ledger, with our now published browser-based ‘Hooks Builder,’ on our live ‘Hooks Testnet.’ All the Hooks source code is now public + PR to rippled,” Wind said in a tweet.
One of the biggest things for the XRP Ledger (but I'm biased ?)
Today the world can build "layer 1" smart contracts on the XRP Ledger, with our now published browser based "Hooks Builder", on our live "Hooks Testnet".
All the Hooks source code is now public + PR to rippled. https://t.co/ypyf4lgIxA
— WietseWind – ? XUMM @ XRPL Labs (@WietseWind) July 8, 2022
Ripple Silently Launches Hook Testnet v2
According to a statement by XRPL Labs, the initiative resulted from efforts that started two years ago. The move is part of Ripple’s plans to enable smart contract functionality on the XRP Ledger.
After publishing a blog post titled “XRPL Labs is working on the HOOKS amendment for the XRP Ledger” on July 30, 2020, the company embarked on a series of activities to ensure the solution was launched successfully.
XRPL Labs’ resilience toward enabling L1 smart contract functionality paid off in early 2021, which led to the silent launch of Hooks Testnet v2.
“We are VERY proud to announce that we have now squashed two years of work into one commit and submitted a Pull Request to the new ‘Hooks’ branch of the `rippled` repository. We’re ready to kick off the discussion testing & audits to turn Hooks into an amendment, ready for prime time,
To allow everyone to get familiar with Hooks, build them, test them, share them, and break them, we also worked with great people at @equilibrium_co. We are also announcing the Hooks Builder. A web-based development environment, allowing devs to build, test, deploy, trigger & debug.” XRPL Labs stated recently.
To allow everyone to get familiar with Hooks, build them, test them, share them, break them, we also worked with great people at @equilibrium_co.
We are also announcing the Hooks Builder. A web based development environment, allowing devs to build, test, deploy, trigger & debug.
— XRPL Labs (@XRPLLabs) July 8, 2022
Currently, the XRPL Foundation currently houses the solution, including Hooks Builder, Hooks source code, and helper libraries.
The @XRPLF now houses the Hooks source code, Hooks Builder & all helper libraries.
You can visit the Hooks landing page (containing docs, explorer, Github links & the Builder) at:https://t.co/dY3IMzCMXI
? One step closer to layer 1 smart contracts for the XRPL. pic.twitter.com/gglWfRAYVk
— XRPL Labs (@XRPLLabs) July 8, 2022
Hooks’ Features
With Hooks, developers can influence transaction behavior and flow using Hooks’ code. The user-developer will need to define the code in the XRPL account. Thus, enabling the transaction logic required.
It is noteworthy that developers can write Hooks code in any programming language. This would establish more flexibility in executing smart contracts on the XRP Ledger.
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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