Netherlands-based information technology company XRPL Labs has announced releasing the Hook-Testnet into the public beta after nine months of development throughout 2020.
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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