2024

David Vance

Read

<ul>
 <li>Ripple community votes 93.6% for smart contracts, propelling XRP Ledger evolution.</li>
 <li>XRPL Labs readies Hooks integration, sparking debates on XRPL’s Ethereum-like transformation.</li>
 <li>XRP Ledger’s Q4 surge: 6th-largest cryptocurrency, legal triumph, and transaction boom.</li>
</ul>
<p>In an overwhelming display of support, the <a href="https://ripple.com/" target="_blank" rel="noopener noreferrer nofollow">Ripple</a> community has voiced its preference for incorporating smart contract functionalities, known as Hooks, into the <a href="https://cryptonewsland.com/ripple-cto-unveils-insights-into-liquidity-pools-ahead-of-xrpl-amm-launch/" target="_blank" rel="noopener noreferrer nofollow">XRP Ledger</a>. With an impressive 93.6% endorsement from over 10,000 votes, this move signals a major stride toward advanced blockchain capabilities.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f680.png" alt="🚀" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f517.png" alt="🔗" class="wp-smiley" style="height: 1em; max-height: 1em;"> Breaking News: The <a href="https://twitter.com/hashtag/Ripple?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Ripple</a> community has spoken! Over 10,000 votes resoundingly back the integration of smart contract functionalities—affectionately known as Hooks—into the <a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#XRP</a> Ledger. <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f389.png" alt="🎉" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4ca.png" alt="📊" class="wp-smiley" style="height: 1em; max-height: 1em;"><br><br><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f310.png" alt="🌐" class="wp-smiley" style="height: 1em; max-height: 1em;"> Hooks, the gateway to native smart contracts on XRPL, received a whopping 93.6%… <a href="https://t.co/nTjEtUTtFJ" rel="noopener noreferrer nofollow">pic.twitter.com/nTjEtUTtFJ</a></p>— Marcel Knobloch aka Collin Brown (@CollinBrownXRP) <a href="https://twitter.com/CollinBrownXRP/status/1757818387055489170?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">February 14, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>XRPL Labs’ CTO, <a href="https://twitter.com/RichardXRPL/status/1754218197228663287" target="_blank" rel="noopener noreferrer nofollow">Richard Holland</a>, gears up to integrate Hooks into the Rippled codebase, paving the way for a formal vote on the fate of smart contracts within XRPL. This significant community backing positions Hooks as a potential game-changer.</p>
<p>While excitement brews within the community, some, including Ripple’s CTO David Schwartz, express concerns. The cautionary note revolves around the fear that Hooks might steer XRPL into an Ethereum-like network, sparking debates about maintaining XRPL’s core function amid innovation.</p>
<p>The XRP Ledger community’s support is not without its skeptics. Despite reservations, Hooks promises to elevate XRPL by introducing smart contract capabilities, essential for decentralized applications and process automation. As the proposal advances, XRPL braces for both possibilities and challenges in this transformative journey.</p>
<p>In the midst of this pivotal decision, the XRP Ledger boasts a robust Q4 2023 performance. Climbing to the sixth-largest cryptocurrency by market capitalization, <a href="https://cryptonewsland.com/xrp-anticipates-surge-after-ripples-us-market-return-with-acquisition/" target="_blank" rel="noopener noreferrer nofollow">XRP demonstrates remarkable</a> year-over-year growth. The strategic distribution of 4 billion XRP and notable price spikes contribute to the dynamic XRPL ecosystem.</p>
<p>Having successfully concluded a prolonged legal battle with the US Securities and Exchange Commission (SEC), XRPL solidifies its market position. Despite fluctuations in active addresses, Q4 witnesses a 22.7% rise in transactions, attributing growth to inscription-related activities. The XRPL community expands with 188,000 new accounts, reaching a total of 5 million by the quarter’s end.</p>
<h4 class="wp-block-heading" id="h-read-also">Read Also</h4>
<ul class="wp-block-yoast-seo-related-links">
 <li><a href="https://cryptonewsland.com/ripples-xrp-poised-for-large-scale-adoption-with-xrpl-evm/" rel="noopener noreferrer nofollow">Ripple’s XRP Poised for Large-Scale Adoption with XRPL EVM</a></li>
 <li><a href="https://cryptonewsland.com/uniswap-vote-to-launch-crypto-project-on-bnb-chain/" rel="noopener noreferrer nofollow">Uniswap Vote to Launch Crypto Project on BNB Chain</a></li>
 <li><a href="https://cryptonewsland.com/uniswaps-shocking-zkevm-launch-ignites-crypto-world/" rel="noopener noreferrer nofollow">Uniswap’s Shocking zkEVM Launch Ignites Crypto World</a></li>
 <li><a href="https://cryptonewsland.com/is-xrpl-gearing-up-for-a-major-shift-ripple-cto-weighs-in/" rel="noopener noreferrer nofollow">Is XRPL Gearing up for a Major Shift? Ripple CTO Weighs In</a></li>
 <li><a href="https://cryptonewsland.com/xrp-ledgers-layer-2-platform-inches-closer-to-launch-with-evernodes-strides/" rel="noopener noreferrer nofollow">XRP Ledger’s Layer 2 Platform Inches Closer to Launch with Evernode’s Strides</a></li>
</ul>
<p>The post <a href="https://cryptonewsland.com/over-10000-ripple-community-vote-smart-contracts-integration-on-xrp-ledger/" rel="noopener noreferrer nofollow">Over 10,000 Ripple Community Vote Smart Contracts Integration on XRP Ledger</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Over 10,000 Ripple Community Vote Smart Contracts Integration on XRP Ledger

Crypto News Land

Other articles published on Feb 15, 2024

From Vision to Reality: Medifakt Illuminates World Blockchain Summit 2024 in Dubai

Minu Price Prediction: MINU Soars 59%, But Analysts Say This Presale With 100X Potential Might Be...

Bonding curves in DeFi, explained

ChatGPT’s Top Three Altcoins To HODL – Uniswap, NuggetRush and Binance Coin

Investment Shift: Outflows from Gold ETFs, Influx to Bitcoin ETFs

European Parliament Committees Greenlight Groundbreaking EU AI Act

Join our free newsletter for daily crypto updates!