Evernode Releases Hooks V3, the Latest Version of Its Two-Layer Decentralized Smart Contract Platform

It is reported that Evernode, a two-layer decentralized licensed smart contract platform based on XRP Ledger, has announced the release of Hooks V3, the latest version of the platform’s beta testing. Relevant users will be invited to switch from Hooks v2. It is reported that the third iteration registration of the test network will be open within the next 7 days, so users have sufficient time to reinstall the Evernode software and migrate to the new version. It is expected that the main network will be launched as soon as the third quarter to the fourth quarter of 2023. （U.today）

The XRPL two-layer smart contract platform Evernode releases Hooks V3, and the main network may be launched in Q3 and Q4

Introduction

Evernode, a two-layer decentralized licensed smart contract platform based on XRP Ledger, has announced the release of Hooks V3, the latest version of the platform’s beta testing. Relevant users will be invited to switch from Hooks v2. In this article, we will discuss the new features of Hooks V3, how users can easily migrate to the new version, and the expected release of the main network.

Overview of Hooks V3

Previously, Hooks V2 allowed different types of smart contract deployments, such as both public and private smart contracts. However, Hooks V3 has gone a step further with the implementation of state channels. State channels provide a two-layer architecture for smart contracts, which allow for more complex applications on the blockchain. The two layers allow for transactions to be processed off-chain, which reduces the network congestion and increases the scalability of the platform.

Migrating to Hooks V3

The announcement of Hooks V3 is great news for users of Evernode’s platform, and for those who are interested in decentralized smart contracts. To migrate to the new version, users simply need to reinstall the Evernode software and upgrade to Hooks V3. Relevant users will be invited by the team to switch from Hooks V2.

Expected Release of the Main Network

The third iteration registration of the test network will open within the next 7 days, so users have sufficient time to reinstall the Evernode software and migrate to Hooks V3. It is expected that the main network will be launched as soon as the third quarter to the fourth quarter of 2023. This means that we have two more years before we can fully utilize the benefits of Hooks V3 and the two-layer architecture for smart contracts.

Conclusion

Evernode’s Hooks V3 is an exciting development in the world of blockchain, and it shows the potential for decentralized smart contract platforms to have a bigger impact on various industries. We now have state channels that can provide a two-layer architecture for smart contracts, which increases scalability and reduces network congestion. Users can easily migrate to Hooks V3 by reinstalling the Evernode software and upgrading to the latest version.

FAQs

1. What is Hooks V3?
Hooks V3 is the latest version of Evernode’s beta testing platform for decentralized smart contracts. It is based on XRP Ledger and provides a two-layer architecture for smart contracts, which allows for more complex applications on the blockchain.
2. How do I migrate to Hooks V3?
To migrate to the new version, users simply need to reinstall the Evernode software and upgrade to Hooks V3. Relevant users will be invited by the team to switch from Hooks V2.
3. When can we expect the release of the main network?
It is expected that the main network will be launched as soon as the third quarter to the fourth quarter of 2023.