The XRP Ledger ecosystem will have a new, separate ledger that will have $XRP as its native asset.
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The Hooks sidechain is a separate ledger, powered by the XRP Ledger Consensus Protocol with the Hooks amendment enabled.
It will introduce a unique line of features, applications and opportunities to grow that are practically nonexistent on the #XRPL.
With Hooks, developers are able to build and deploy a variety of products & features without needing to push changes directly on rippled, which may take up months to even show up on the network for voting.
This is AMAZING, the rate of R&D on the XRPL ecosystem will sky rocket.
Devs, teams and enterprises are able to jump into the Hooks sidechain and do research & development straight to it as the underlying network is very very similar to the mainnet.
The interface is the same, the ledger framework is the same, the consensus protocol is the same.
Teams are able to leverage Hooks and expand their line of products in a flexible manner; allowing them to introduce new income streams in ways never seen before on the mainnet.
The more good Hooks there are on the network, the better it is for everyone. We will grow.
Of course, users are able to leverage Hooks and expand their application of the XRPL, giving them the opportunity to extract more value from the network in a friendly way.
And in turn, making $XRP more than just an over-marketed gas token.
With Hooks, Evernode and other solutions atop of the Hooks sidechain, the underlying network and its native asset $XRP will have natural demand as the network develops in terms of its applications, userbase and liquidity.
We will see natural adoption and development here. No BS.
While a Hook has its limited capabilities, Evernode will be launching right after the network.
Evernode is a layer-2 smart contract solution that is *super* flexible and powerful. Evernode dApps are able to interact with off-chain systems. It can compute, store, provide anything
With Hooks, Evernode and solutions atop of the Hooks sidechain, each dev/team/enterprise will be able to grow independently.
New apps, new income streams, new protocols, new ways -> honest ways.
This will be written in the books. This is natural evolution, backed by consensus.
To end this thread, I'd like to say that there is always room for improvement, room for collaboration, room for support.
The Hooks sidechain will be maintained and developed in a truly supportive, direct and good-faith manner.
That is my standard.
I'd like to remind everyone that I am open to 1:1 calls to discuss about Hooks, Evernode, ideas, their operations and so forth.
My DMs are open β€οΈ
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A look on how Federated Sidechains (XBridge) by @Ripple could possibly increase the #XRPL ecosystem's chance at global #CBDC adoptionπ§΅(1/8)
Let's clarify this first, it's somewhat clear to the general public that governments want centrally controlled payment networks to act as a medium for their CBDCs, regulatory enforcement and policy making. (2/8)
The key problems with creating a brand new payment network dedicated for your own governmental needs and currency, in a centralized environment is on-boarding users and the necessary liquidity needed to stimulate the payment network with real value. (3/8)