As Korean Blockchain Week kicks off, Ripple has unveiled major advancements to enhance its crypto infrastructure and drive institutional adoption.
Key Updates to the XRP Ledger
Smart Contracts Integration: Soon to be deployed on the XRP Ledger mainnet, enabling Layer-1 features like:
- NFTs
- Decentralized Exchanges (DEXs)
- Automated Market Makers (AMMs)
- XRPL EVM Sidechain: Planned for future release, expanding interoperability.
- RLUSD Stablecoin: Ripple’s upcoming stablecoin will launch on the XRP Ledger.
These upgrades aim to create a more versatile ecosystem, supporting diverse applications while maintaining security and scalability.
Enhanced Developer Flexibility
The introduction of smart contracts will:
- Boost network capabilities.
- Enable permissionless development.
- Provide greater flexibility for builders.
Ripple’s Strategic Partnership with Futureverse
Ripple has teamed up with Futureverse, a leader in AI and Metaverse technologies, to:
- Secure digital asset management via Ripple Custody.
- Leverage Ottó blockchain for compliant KYC verification in DeFi.
This collaboration ensures secure, regulated transactions while advancing blockchain innovation.
FAQs
1. What benefits do smart contracts bring to the XRP Ledger?
Smart contracts enable programmable transactions, fostering DeFi, NFTs, and DEXs while maintaining high-speed, low-cost operations.
2. How does Ripple Custody enhance security?
It provides institutional-grade storage with multi-signature approvals and regulatory compliance, ideal for enterprises.
3. Why is the RLUSD stablecoin significant?
It bridges traditional finance and crypto, offering price stability for XRP Ledger users.
👉 Explore Ripple’s latest developments
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