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- The lack of programable smart contracts on the XRPL ecosystem has inspired the development of the Xahau network that runs side-by-side with the former but as an independent layer one.
- The Xahau network shares all the base attributes with the XRP Ledger hence enabling seamless interoperability with the Ripple-backed blockchain but cautioned investors that its native token is not for speculation like meme coins.
The mainstream adoption of blockchain technology has been pegged to the simplicity of smart contracts to enable enterprises to build interoperable yet scalable applications. However, due to the complexity of the existing consensus on most blockchains, the Ripple-backed XRP Ledger has not been able to adopt decentralized smart contracts that rely on the hook’s technology. In a bid to make the XRPL more competitive in the blockchain industry, the Xahau network has launched its mainnet.
Notably, the Xahau network runs side-by-side with the XRPL but as an independent layer that widens the latter’s use cases.
On the top list, the Xahau network will introduce native automated market makers (AMM) that have stalled on the XRP Ledger due to a lack of sufficient validator support. As of reporting time, the amendments on XRPL AMM meant to be introduced on the V1.12.0 have not been enabled since 29 validators have voted against the move compared to only six that have supported it. The Xahau developers noted.
Xahau Network is live! AMMs will still be delivered on the XRPL and likely ahead of time. Ripple and Independent Devs know what they are doing. Bear market drama can be entertaining, but it’s time to relax and let the professionals do their thing,
Key Features of the Xahau Network Lacking on the XRPL
According to the Xahau network, some of the key features and components that are lacking on the XRPL including hooks smart contracts will be made available for DeFi developers. As an XRPL fork, the Xahau will use the native token dubbed Xahau XRP (XRP+) with a key use case meant to reward validators and not as a speculative digital asset like meme coins.
According to the Xahau whitepaper, which was released on the commemorative data for the Bitcoin whitepaper, it will be linked to the XRPL via a one-way Burn2Mint liquidity portal that allows users to clone their XRPL account address on Xahau and burn XRP on mainnet in return for a matching number of Xahau XRP.
— 📨 Super-thread on #Xahau —
This thread contains writings on Xahau, a new smart contract-enabled sidechain on the #XRPL ecosystem.
1⃣ What Xahau is.
2⃣ Xahau's features & proposition.
3⃣ Why there is a core need for Xahau. pic.twitter.com/YCltDDsqJa— Xahau Community 🪝 (@XahauCommunity) October 31, 2023
These features allow DeFi developers on the XRPL to continue building with the same quality services on the Xahau network. As of reporting time, the Xahau network validators had already confirmed 32k blocks, thus showing the potential to disrupt smart contracts on the XRP Ledger.
Notably, the development of the Xahau Ledger is special in that it has been driven by the Xahau Launch Alliance, five experienced entities within the XRPL community that have carried the cost and risk of establishing the new network without an initial coin offering (ICO).
