XRPL L2 smart contract platform celebrates upscale performance without hitch
evernode, a project bringing “layer 2” smart contracts to the XRP Ledger, is celebrating a new milestone. The Evernode Project says its betanet smoothly moved into its third era. It also notes that the Evernode (Beta) hook delivered 10.2mm (Beta) AVRs without a hitch.
Evers (EVRS) is the native currency of the Evernode Layer 2 networks, which are issued on XRPL as a way to reward node operators and allow for the payment of node hosting services by dApps.
According to its roadmap, Evernode will launch in two beta phases: public beta and private beta, before its official launch, which will depend on the hook revision. Additionally, for Evernode to be included in the XRPL, the hook amendment must pass a governance vote by the nodes and validators of the XRPL. Hooks add smart contract functionality to the XRP Ledger, as they are small pieces of code that allow XRP Ledger accounts to act as “light smart contracts”.
David Schwartz, CTO of Ripple and one of the initial developers of XRP Ledger, discussed his ideas for a sidechain for the Ethereum Virtual Machine (EVM) back in September. He planned to make it possible for Ethereum smart contracts to be executed on the XRP Ledger (XRPL), lowering entry requirements for developers.
Currently, Ripple is testing a method by which programmers can quickly deploy smart contracts built on its XRP Ledger (XRPL) platform for Ethereum.
An EVM-compatible side chain — a blockchain that functions in parallel with the main XRPL blockchain — has now been launched on the devnet, where developers can test implementations before they go live on the main network.
The second phase will begin in early 2023 when the EVM sidechain becomes permissionless. The third phase is slated for the second quarter, when the EVM sidechain will be fully deployed.
