In its attempts to strengthen XRP Ledger and position it as a potent rival to Ethereum, XPPL Labs has achieved a major victory. The Hooks Amendment’s successful completion of a thorough security audit, a crucial component that will increase the number of services available to consumers, is its most recent achievement.
The innovative framework passed a security assessment by a third party in collaboration with cybersecurity company FYEO. This audit’s main goal was to find any potential risks or vulnerabilities and to gain an unbiased evaluation of the amendment’s overall security state.
The evaluation was carried out remotely between January 31 and March 14, 2023, and the outcomes were quite encouraging. According to XRPL Labs, no serious security flaws were found. Even if a few small and a few moderate problems were found, the development team took care of them right away.
What is the point?
Wietse Wind, a well-known ecosystem developer, claims that Hooks are crucial in bridging the XRPL and Ethereum divide. With the help of this modification, the basic ledger may be automated and customised, giving transactions more intelligence and convenience.
Users may add customised on-ledger capabilities, manage transaction flow, create new transactions, and retrieve data from the ledger by adding the modification. Hooks substantially improves the ecosystem’s inherent potential by adding smart contract capabilities to the basic layer of the XRP Ledger.
