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'Why Not Just Burn XRP?': Ripple CTO Doubts New XRPL Initiative


Introducing Hooks and Codii
Evernode's proposed solution involves the use of Hooks, which are pieces of code that can be attached to transactions on XRPL. These Hooks would enable the execution of custom code on the XRPL network, expanding its functionality beyond simple payment transactions.
Benefits for Developers and Users
The implementation of Hooks and Codii on XRPL would bring several benefits to both developers and users. With Hooks, developers can create more complex and sophisticated applications on XRPL, opening up new possibilities for decentralized finance (DeFi) and other use cases.
Furthermore, the use of Codii, a new token on the XRPL network, would allow for the payment of transaction fees in different currencies, reducing costs for users and providing more flexibility in payment options. This would also make XRPL more attractive to developers and users alike, potentially leading to increased adoption.
Trending Hashtags and Crypto Tickers
To keep up with the latest developments and discussions surrounding the proposed solution for programmability on XRPL, be sure to follow the hashtags #XRPL #Hooks #Codii on social media platforms such as Twitter and Reddit. You can also track the progress of Evernode and their project by following the crypto ticker for Codii, which is currently listed on several exchanges as CODI. Stay informed and join the conversation about the future of programmability on XRPL!
In Conclusion
The proposal put forth by Evernode presents an exciting opportunity for the XRPL network to evolve and further enhance its capabilities. With the potential implementation of Hooks and Codii, XRPL could become a more versatile and cost-effective platform for developers and users alike. Keep an eye out for updates and developments on this topic as it could have a significant impact on the future of XRPL.


Sentiment Result : Neutral

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