D'CENT Mega Airdrop Spotlight 2: Xahau - The Smarter Blockchain with Account-Based Programmability
Welcome to the D'CENT Mega Airdrop Event! As part of this special initiative, we are excited to bring you a series of in-depth articles showcasing the innovative coins included in this exclusive airdrop.
Xahau Evolving the XRP Ledger with smart contracts and programmable Hooks for seamless blockchain innovation.
What is Xahau Network?
Xahau is a blockchain leveraging proven technology, as it is an evolved iteration of the XRP Ledger code, enhanced with smart contracts, account-based programmability known as Hooks, and equal support for issued currencies in native features such as escrows and payment channels. These innovations enable developers to create and deploy efficient complex and smart processes quickly and efficiently.
Key Features of Xahau
- - Hooks: These are lightweight, efficient smart contracts that interact directly with on-ledger objects, balances, and transactions. Hooks can be simple, such as setting conditions for incoming payments, or more complex, enabling advanced decentralized applications (dApps).
- - XAH: The native token of the Xahau network is XAH. Each account can participate in a monthly balance adjustment, accumulating 4% annually. XAH is primarily used as gas to offset the costs of transacting. Normal transactions cost fractions of an XAH, while the price of transacting increases if interacting with Hooks. It is also required as a locked balance to own an account, own objects, or store data for smart contract consumption.
- - Governance and Rewards: Xahau introduces a governance game to ensure a community-centric approach towards decision-making of the network. To play the game, the members of the tables cast votes, including seats, hooks, and rewards topics. Active users can claim an increase in their account balance, while validators receive corresponding rewards, promoting network engagement and sustainability.
Benefits of Hooks and Their Impact on the XRPL
Hooks are closely integrated with the XRPL and are designed to optimally leverage the unique features and performance of the XRPL platform. Built on the inherent scalability and high performance of WebAssembly, Hooks enhance the XRPL's capabilities and expand its on-ledger functionality.
By adding native smart contract functionality to the XRPL, Hooks enable the development of customized applications tailored to user needs. This not only introduces new functionalities to the XRPL ecosystem but also opens up greater potential for use, laying the foundation for XRPL's adoption across various industries and use cases.
As the XRPL continues to grow, Hooks will play a pivotal role in driving innovation and adoption of the platform. Hooks will serve as an attractive tool not only for retail users but also for enterprise users, significantly expanding the utility and functionality of the XRPL.
The smart contract capabilities provided by Hooks will enhance the growth and usability of the XRPL, acting as a crucial element in attracting new users and developers to the XRPL ecosystem.
Development and Community
Xahau continues to grow daily. Work is being done to make Hooks available in Javascript to open up the technology to thousands of developers. There are multiple explorers and services currently working on Xahau, such as Evernode's DePIN solution. The community is also working on reaching 10K transactions per ledger by optimizing the Xahau core.
In Summary
Xahau Network is a fast, affordable, and reliable layer-1 blockchain, building on the foundations of the XRP Ledger with a powerful upgrade: smart logic functionality, known as Hooks, tailored for advanced enterprise use cases. Designed with compliance in mind, Xahau enables an account-based structure with optional on-chain KYC attestations that meet the needs of regulated industries. Entities using Xahau have attracted commercial banks and intergovernmental organizations. Xahau supports applications like inward remittance, secure donation collection, and cross-border state settlements. Its native token, XAH, powers this robust ecosystem, driving a new standard in blockchain utility and accessibility.
For more details, please visit:
- Website link: https://xahau.network/
- Twitter: https://x.com/xahaunetwork
A Chance to Receive XAH Coins
By participating in the ongoing D'CENT Mega Airdrop Event, you can purchase a biometric wallet at a 44% discount and receive 200 XAH coins as an airdrop.
Don’t miss this opportunity to own the limitless potential of Xahau firsthand—join the event now!
Get it NOW! https://store.dcentwallet.com/pages/2024-mega-airdrop
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