A Ripple Insider claims that smart contracts are coming to the XRP blockchain
The former chief developer advocate for San Francisco-based payments company Ripple has revealed that a crucial feature will soon be added to the XRP Ledger (XRPL).
Matt Hamilton, a Ripple insider, reacts to an anonymous Twitter user’s accusation that the XRP payments network has no use case.
According to Hamilton, XRP is routinely utilized for international payments, non-fungible tokens (NFTs), and site monetization, among other applications.
Ripple announced last month that its crypto-based settlement solution, On-Demand Liquidity (ODL), has experienced significant growth this year and is now supported in a growing number of payout markets, including Africa, Israel, Australia, Brazil, Argentina, Belgium, Singapore, the United Arab Emirates, and the United Kingdom.
David Schwartz, chief technical officer of Ripple, said in November that a handful of NFTs had already been issued on the XRPL.
Hamilton adds that the NFT feature of the XRPL is an essential building element for the creation of smart contracts.
“Well, the majority of required functionality (fungible tokens, NFTs, escrows, multisig, decentralized exchanges) is already implemented. However, smart contracts are now being developed.”
In October, a blog post from the XRPL developer community revealed that Ripple was already working to add smart contract functionality to the XRP Ledger.
According to RippleX, Peersyst Technology is testing an Ethereum Virtual Machine (EVM)-compatible sidechain for XRPL. The project seeks to enable Solidity-savvy Ethereum (ETH) developers to access and build on the XRPL network. Solidity is the primary programming language for developing smart contracts on Ethereum.