XRPL Labs Partners With Xahau Ledger
XRPL Labs, the developer of XRP Ledger self-custody wallet Xumm, has announced its participation in introducing a whitepaper for the Xahau Ledger. Xahau is a smart contract sidechain for the XRPL ecosystem.
Key Points:
- XRPL Labs is becoming part of the Xahau Ledger, a smart contract sidechain for the XRP Ledger ecosystem.
- The Xahau Ledger adds multiple features to the XRPL ecosystem and advances the adoption of XRP and XRP Ledger.
- XRPL Labs founder Wietse Wind plans to update the Xumm wallet to support multiple XRPL Protocol networks, including Xahau, to meet the vision of XRP retail adoption.
- Traders reacted positively to the announcement, causing the XRP price to increase by more than 0.50%.
- The overall price action of XRP is currently sideways, and trading volume has decreased in the last week.
Hot Take: XRPL Labs joining the Xahau Ledger is a significant step towards the retail adoption of XRP and the advancement of the XRP Ledger ecosystem. The addition of smart contract functionality and support for multiple chains will open up new possibilities and utility for XRP. Traders’ positive reaction to the announcement indicates growing enthusiasm and interest in XRP.
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