Ripple XRP Ledger to Unlock New Layer-1 Features for NFTs, AMMs, DEXs

Quick Summary:

As the Korean Blockchain Week kickstarts, blockchain startup Ripple takes the opportunity to make some major announcements in regards to improving the crypto infrastructure thereby pushing for blockchain institutional adoption.

Ripple CEO Brad Garlinghouse also appreciated the development adding that the blockchain will continue to find more robust use cases in the future.

The introduction of smart contracts will introduce new Layer-1 features such as NFTs, Escrows, DEXs, AMMs, as well as authorized trustlines payment channels.

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Article Details

Author / Journalist: Bhushan Akolkar

Category: Crypto

Markets: India

Topics: XRPL Ripple (XRP) 24/7 Cryptocurrency News Altcoin News Smart contracts XRP Ledger

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-03 @ 06:27:16 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 448 words

Reading Time: 3 minutes read

Sentences: 38 lines

Sentence Length: 12 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 22342242

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Main Topics: Crypto

Official Website: coingape.com

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News Last Updated: 8 hours ago

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