Ripple CTO David Schwartz outlines a cautious, incremental approach to integrating smart contracts on XRPL, aiming to enhance without disrupting existing utilities.
Ripple actively seeks community input to shape the future of programmable features on XRPL, highlighting a user-centric development strategy.
The planned 2025 rollout of the XRPL EVM sidechain demonstrates Ripple’s strategic foresight in expanding blockchain functionalities while minimizing risks.
Ripple's Chief Technology Officer, David Schwartz, recently elaborated on the company's strategic plan to incrementally introduce smart contract capabilities to the XRP Ledger (XRPL). This revelation, made during a series of exchanges on social media platforms, underscores a methodical approach aimed at preserving the ledger's foundational use cases while exploring new programmable potentials.
https://twitter.com/Vet_X0/status/1836447431749222699
Gradual Integration to Foster Confidence
Schwartz, also known by his moniker 'Joel Katz' on social media, discussed how introducing smart contracts to the XRPL is not about making a radical shift but rather about enhancing the ledger's functionality in manageable increments. “Some programmability is better than nothing,” he noted, advocating for small, secure smart contract applications that do not undercut the ledger's existing roles but instead open doors to practical, real-world applications.
Community-Driven Feedback and Development
Mayukha Vadari, a senior software engineer at RippleX, has been at the forefront of gathering community feedback on what features should be prioritized in the XRPL's programmable overhaul. This community-driven approach ensures that the updates align closely with user needs and experiences, potentially leading to more robust and user-oriented enhancements.
Smart Contracts on XRPL: The 2025 Roadmap
Looking ahead, Ripple plans to roll out smart contract functionalities through the XRPL EVM sidechain by 2025. This initiative is expected to position the XRPL as a competitive player in the smart contract platform arena, while mitigating risks associated with direct implementations on the mainnet. The cautious, yet forward-looking roadmap aims to gradually bolster the ecosystem’s capabilities and user confidence.
The strategy to slowly integrate smart contracts reflects Ripple’s commitment to innovation without compromising the trust and stability that the XRP community values. By choosing a measured path to enhancement, Ripple aims to ensure that the XRPL remains a reliable and versatile platform in the evolving landscape of blockchain technologies.
