XRP Ledger design prioritizes performance
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Schwartz replied that the XRPL does not currently support native smart contract functionality, highlighting the XRPL as a fixed-function ledger."There are none today. Today, XRPL is a fixed-function ledger," the Ripple CTOXRP Ledger was initially designed with a focus on speed, efficiency and low-cost transactions, making it particularly well-suited for payments and currency exchange.
According to a recent announcement, Ripple and the broader XRP community are committed to introducing advanced programmability, including smart contracts, to the XRP Ledger developer ecosystem in 2025.XRP Ledger's programmability will improve as a result of two key developments: the introduction of native smart contract capabilities on the XRP Ledger mainnet, which is currently in the research phase, and the XRPL EVM Sidechain, which is expected to go live in the coming months.
Existing smart contract standards, such as Hooks from XRPL Labs, will lay an important foundation that can be counted on to enhance mainnet capabilities.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.
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