According to the WietseWind, a lead developer at the XRPL Labs, who designed Xumm, Ripple’s XRPL Labs, the software development firm behind the XRPL, has lately announced the rollout of Hooks Builder, a web-based development environment that allows developers to test, debug, and deploy Layer-1 smart contracts on the XRPL.
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More also, he stated “One of the biggest things for the XRP Ledger (but I’m biased). Today the world can build “layer 1” smart contracts on the XRP Ledger, with our now published browser-based “Hooks Builder”, on our live “Hooks Testnet”. All the Hooks source code is now public + PR to rippled.”
WietseWind went on to explain as one user was curious to know what this breakthrough is all about; “Company (not Ripple) builds code for the XRP Ledger (source code no longer living at Ripple) to execute smart contracts natively on the XRPL. Validators (not Ripple) execute custom transaction logic & reach consensus”.
The journey to building a smart contract feature on the XRP ledger commenced about a couple of years ago via a blog post titled “XRPL Labs Labs is working on the “HOOKS” amendment for the XRP Ledger. Supporting business logic integration for developers.”
The company reveals that it also working with another development firm named Equilibrium to make everyone familiar with Hooks. XRP Labs also says, “In the past two years, we went through discussing, designing, documenting, building, testing, benchmarking, more building, (etc., many iterations!), resulting in a first public testnet (it worked!) early 2021. A few months ago, we silently launched Hooks Testnet V2.”
The firm added that “The XRP Ledger Foundation now houses the Hooks source code, Hooks Builder & all helper libraries. You can visit the Hooks landing page (containing docs, explorer, Github links & the Builder) at: hooks.xrpl.org.”
As stated by XRP Ledger Labs, With the breakthrough above, the XRPL is now a bit closer to fully accommodating Layer 1 smart contracts.