Ripple CEO Hints at Smart Contracts on XRP Ledger for 2025

In Brief:

Ripple plans to introduce smart contracts to the XRP Ledger, with XRPL Hooks as a foundation, aiming for a rollout next year.

The development focuses on permissionless access and minimizing infrastructure costs, though details on implementation remain sparse.

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Ripple CEO Hints at Smart Contracts on XRP Ledger for 2025

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Ripple has unveiled plans to enhance the XRP Ledger by introducing smart contracts, potentially rolling out as early as next year. This initiative aims to boost the ledger's programmability and broaden its use within the decentralized finance (DeFi) ecosystem.

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XRPL Hooks: The Foundation for Smart Contracts

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The foundation for this development will be XRPL Hooks, which will pave the way for smart contracts on the mainnet. Ripple's focus is on ensuring permissionless access, ease of learning, and customization while minimizing performance and infrastructure costs. Despite the announcement, the specifics of how Ripple will implement smart contracts remain limited. The XRPL EVM sidechain, announced by the RippleX team, is anticipated to enable developers to create decentralized applications (dApps) that combine XRPL and Ethereum Virtual Machine (EVM) features.

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Ripple's Commitment to Robust Crypto Infrastructure

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Ripple CEO Brad Garlinghouse emphasized the growing robustness of crypto infrastructure serving real-world use cases. Earlier this year, the XRP Ledger introduced Automated Market Maker (AMM) functionality, reinforcing its position in the DeFi space. As the crypto community anticipates these developments, Ripple aims to solidify its role as a key player in blockchain innovation.

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