XRP Ledger testing hooks for transaction flow

SN

Sofia Neumayer

23 Apr 2021 / 5 Min Read

According to an XRPL Labs representative, hooks are ‘efficient pieces of code that are defined on an XRPL account’. This allows transactions to be dispersed between two or more parties, depending on their degree of complexity. Hooks can therefore influence the behaviour and flow of transactions. Simple command structures can be mapped, such as ‘payment rejection’ or ‘send to saving account’ instructions. The more parties and transactions, the more complex the processes become.

XRPL Labs plans to have eight months of testing development before hooks can be integrated into the XRP Ledger. In the end, the validator nodes decide the XRP ledger hooks launch since 80% approval is required for integration. If the testnet passes the stress test, the ripple currency could soon be integrated into smart contracts.

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SN

Sofia Neumayer

23 Apr 2021 / 5 Min Read

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