The Hooks Amendment refers to a proposed feature on the XRP Ledger to enable smart contract functionality. Hooks are lightweight, efficient, and purpose-built smart contracts designed to expand the capabilities of the XRP Ledger.
The Hooks Amendment aims to add support for native, on-ledger smart contracts that can perform specific functions based on predefined conditions.
Unlike Ethereum, which uses a Turing-complete programming language (Solidity) for its smart contracts, Hooks is designed to be more straightforward, more efficient, and allow for more real life utility supporting use cases.