XRPL has successfully implemented the XLS-20 standard enabling it to create its own non-fungible tokens [NFTs] on top of the ledger, Ripple’s Chief Technology Officer [CTO] David Schwartz announced on Twitter.
“The XLS-20 amendment has been made active on the XRP Ledger mainnet.” For developers and producers, the introduction of the standard is “a crucial milestone,” Schwartz stated.
The countdown on XLS 20 began on Oct. 18, when Ripple’s vice president of corporate strategy and operations, Emi Yoshikawa, notified that at least 80% of validators have to vote in favor of the proposal for it to go into effect.
In order to minimise any negative consequences on the functionality of the XRP Ledger and avoid congestion at scale, the XLS-20 proposal for native NFTs on XRPL aims to make the construction of NFTs concise and efficient.
With integrated features like minting and auctioning, XLS-20 seeks to considerably streamline the creation process for developers.
The concept of bringing native NFT compatibility to XRPL and offer developers access to NFT minting, trading, and burning features, was first proposed by Ripple engineers in Q1, 2022.
Developers further claimed that the XLS-20 will come with cutting-edge features including automated royalties, co-ownership of assets, and more without the usage of smart contracts.
In Ripple version 1.9.4, the XRP Ledger was modified to stop a potential denial-of-service attack against non-fungible token issuers. Ripple quickly set up its four validators to support the activation of the XLS-20 amendment on the XRPL Mainnet.
Recently, another goal was accomplished when ETH based smart contracts were pilot tested on the XRPL.
ETH Smart Contracts On XRPL
Back in September, Schwartz, of blockchain firm Ripple and one of the original designers of the XRP Ledger, discussed his ideas for an EVM sidechain.
His plan was to make it possible for Ethereum smart contracts to be executed on the XRP Ledger lowering the entrance requirements for developers.
As reported by TronWeekly, the XRPL ecosystem subsequently went ahead in reaching this objective by teaming up with blockchain software firm Peersyst Technology which finished implementing and publishing the initial stage of the EVM sidechain on the XRPL Devnet.
This move allowed programmers to port Solidity, a popular Ethereum programming language, to the XRPL.
