XRPL Smart Contracts Platform Announces Hooks V3 Release, Teases Airdrop
Are you interested in smart contracts on the XRP Ledger? Do you want to know more about the latest developments and updates from Evernode, a second-layer decentralized platform on top of XRPL? If yes, then you are in the right place! In this article, I will tell you everything you need to know about the Hooks v3 release and the airdrop for XRP holders. 😍
What is Hooks and why is it important for XRPL?
Hooks are small, efficient pieces of code that can be defined on an XRPL account, allowing logic to be executed before and/or after XRPL transactions. Hooks add smart contract functionality to the XRP Ledger, making it a programmatic blockchain that can support various use cases such as DeFi, NFTs, DEXes, escrows, multi-sigs, and more. 🚀
Hooks are a proposal by Wietse Wind, the founder of XRPL Labs and one of the most prominent developers in the XRP community. He has been working on Hooks since 2020, with the help of other developers and supporters. Hooks are designed to be simple, fast, secure, and scalable, without compromising the performance and reliability of XRPL. 🙌
What is Evernode and how does it relate to Hooks?
Evernode is a decentralized platform that leverages Hooks to enable anyone to create and run smart contracts on XRPL. Evernode provides a user-friendly interface and a set of tools for developers and users to interact with Hooks. Evernode also hosts a testnet for Hooks, where anyone can join and experiment with smart contracts on XRPL. 🛠️
Evernode is led by a team of experienced developers who have been involved in the XRP ecosystem for a long time. They aim to make XRPL more accessible and powerful for everyone, by providing a platform that bridges the gap between XRPL and Web3. Evernode also plans to launch its own token (EVR) and governance system in the future. 💯
What is Hooks v3 and what does it mean for XRPL?
Hooks v3 is the latest iteration of XRPL smart contracts beta testing. It is a major milestone for Hooks, as it is set to emulate mainnet performance and prepare for launch. Hooks v3 introduces several improvements and features over Hooks v2, such as:
- Better stability and security
- More efficient resource usage
- New APIs and libraries
- Support for more languages (C++, Rust, Go)
- More examples and documentation
Hooks v3 is expected to be activated on April 8th, 2023. The registration for the testnet will be open until April 15th, 2023. Anyone who wants to participate in the testing can do so by following these steps:
- Install Ubuntu 20.04 64 bit on your computer (or use a virtual machine)
- Download and install the Evernode software from https://github.com/evernode-org/evernode
- Run the software and follow the instructions to create an account and a host
- Register your host on https://hooks.xrpl.org
- Start creating and running smart contracts on XRPL!
By joining the testnet, you will not only help improve Hooks and XRPL, but also have a chance to receive rewards from Evernode. 🎁
What is the airdrop and how can I get it?
The airdrop is a way of rewarding the participants of the previous testnet iteration (Hooks v2) for their contribution and support. Evernode will distribute its native token (EVR) to eligible XRP holders who hosted nodes on Hooks v2. The amount of EVR tokens will depend on the duration and quality of hosting. 🎉
To claim your airdrop, you need to do two things:
- Save your host address and secret from Hooks v2 by activating the
hooks_v2_airdropfile in your Evernode folder
- Wait for the airdrop announcement from Evernode, which will include the details of the distribution and the claim process
The airdrop is expected to happen in Q3-Q4 2023, after the mainnet launch of Hooks and Evernode. The exact date and time will be communicated by Evernode in advance. Make sure to follow their official channels for updates and news. 🔔
The Bottom Line
Hooks v3 is a big step forward for XRPL smart contracts and Evernode platform. It brings XRPL closer to becoming a fully-fledged programmatic blockchain that can compete with other smart contract platforms in terms of functionality, speed, security, and scalability. 💪
If you are an XRP holder, a developer, or a crypto enthusiast, you should not miss this opportunity to join the testnet and get involved in the Hooks and Evernode community. You will not only learn more about smart contracts on XRPL, but also get rewarded for your participation and support. 😊
So what are you waiting for? Register for Hooks v3 testnet today and get ready for the airdrop! You will be amazed by what you can do with smart contracts on XRPL. 🚀