BTC PULSE
No Result
View All Result
Play Now
No Result
View All Result
BTC PULSE
No Result
View All Result
Play Now
Home Altcoins

Ripple Ledger Supports Smart Contracts through “Hooks Builder”

by Dalmas Ngetich
Jul 11, 2022 - 12:00 am
in Altcoins
img 20220711 173252 498

On the 10th of July, Ripple announced that its ledger will now have a smart contract functionality. Developers will now be able to build layer one smart contracts on the Ripple ledger.

https://twitter.com/RipplePandaXRP/status/1546041888456617985?s=20&t=i68pZLRbxEadZnAwZaOwYw

The recent development was made possible with the browser-based ‘Hooks Builder’. The Hooks builder is now live on testnet. Additionally, Hooks would be using open-source codes, just like other decentralized projects.

The recent development will strengthen Ripple’s position in the crypto market ranks. The crypto asset has thrived over the years, spending a long period as a top ten crypto asset. In the meantime, Ripple occupies the seventh position in the ranks of the cryptocurrencies by market capitalization.

How the Hooks Builder Fits into the Ripple Ecosystem

Hooks are tiny pieces of code that make the XRP ledger compatible with smart contracts. They influence the behavior and flow of the code. The Hooks builder feature will attract more developers to the ecosystem. 

The XRP ledger is a transparent record for blockchain transactions. XRP is widely used as a payment currency because of the low fees associated with the blockchain. Additionally, transactions are extremely fast on the network, making the network a better alternative to Bitcoin and Ethereum.

Ripple also offers multiple transaction options. Users can use multiple signatures and escrows in their payment options.

Blockchain Projects Keep Building Amidst the Bear Market

The crypto market has been unfavorable for most projects in the last few months. Despite this, crypto protocols keep building. 

Ripple’s development of the Hooks builder is not the only recent innovation among layer one protocols. Cardano recently collaborated with Wanchain to achieve interoperability. Other protocols are also working on improving their existing technological structures. 

Typically, crypto protocols that actively build regardless of crypto market prices perform well in the long term.

Tags: CryptoRippleXRP
Dalmas Ngetich

Dalmas Ngetich

His primary focus is on technical analysis (crypto is, obviously, *not* crypto without the twirls of price action), the magic of DeFi, and NFTs. He is specifically training his eyes and effort on DeFi—and how the tech is changing investment, opening up opportunities for everyone—and the possibilities of NFTs.

Related Posts

Tether's logo with a lock symbolizing frozen addresses linked to Venezuelan oil sanctions.

Tether Acquires Stake in Bit2Me to Expand in EU and Latin America

August 8, 2025

Tether backs Bit2Me with €30M investment to expand across EU and Latin America, despite mounting regulatory challenges in...

Tether and Bit2Me logos symbolizing crypto partnership for EU and Latin American growth

Tether Acquires Stake in Bit2Me to Expand in EU and Latin America

August 7, 2025

Tether backs Bit2Me with €30M investment to expand across EU and Latin America, despite mounting regulatory challenges in...

Tether and Bit2Me logos symbolizing crypto partnership for EU and Latin American growth

Tether Stores $8B Worth of Gold in Secret Swiss Vault, Report Reveals

July 9, 2025

Tether reportedly stores $8B worth of gold in a secret Swiss vault, with almost 80 tons backing its...

mining

From Petty Cash to Big Income: How to Make $1 Million from $100 by 2025

July 8, 2025

Turn $100 into $1M with FIND MINING's trusted cloud mining platform—no skills or gear needed. Join 9.4M+ users...

View All
BTC-Pulse LogoTransparent

© 2024 BTC-PULSE. Disclaimer: The content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.

Info

  • Learn
  • Price Prediction
  • Events
  • Press Releases
  • Sitemap

Company

  • About Us
  • Terms of Service
  • Privacy Policy
  • Contact Us
  • Advertise

News

  • Altcoins
  • Bitcoin
  • Ethereum
  • NFT
  • Regulation
  • WEB 3.0

©2024 BTC-PULSE – All right Reserved.

No Result
View All Result
  • About Us
  • Advertise
  • BTC-PULSE
  • Contact Us
  • Events
  • Privacy Policy
  • Sitemap
  • Terms of Service