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Evernode Releases Hooks V3: The Latest Version of the Decentralized Licensed Smart Contract Platform

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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 platf

Evernode Releases Hooks V3: The Latest Version of the Decentralized Licensed 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, the two-layer decentralized licensed smart contract platform, has recently unveiled Hooks V3, the latest version of its beta testing. The platform has invited relevant users to switch from Hooks v2, and the third iteration registration of the test network will open within the next 7 days. This article will explain Evernode and Hooks V3 in detail and what this means for users moving forward.

Overview of Evernode

Evernode is a smart contract platform based on XRP Ledger, designed to provide a secure and efficient solution for developers and end-users. The platform offers a two-layer approach, which allows developers to create smart contracts using a high-level programming language, while end-users can access these smart contracts through a simple user interface.
Evernode’s consensus mechanism is based on a hybrid of Proof of Stake (PoS) and Byzantine Fault Tolerance (BFT) algorithms. This ensures that the platform can achieve fast and secure transaction processing, as well as network consensus without compromising on decentralization.

What is Hooks V3?

Hooks V3 is the latest version of Evernode’s beta testing, an upgrade from Hooks V2. It has been developed to improve the platform’s performance and security, making it more efficient and user-friendly.
The new Hooks V3 boasts a range of features that offer advantages to developers and end-users. Firstly, the platform’s API is now more stable, with better compatibility with the REST API. It also provides new features that help make the platform more efficient, such as asynchronous request handling, compact headers, and optimized stack allocation.
Hooks V3 has also been designed for better security, with the introduction of the Schnorr signature algorithm, which improves the overall security of transactions on the network. Additionally, there are new features aimed at improving the consensus algorithm and transaction processing.

Release Timeline and Features

The third iteration registration of Evernode’s test network will open within the next 7 days, giving users sufficient time to reinstall the Evernode software and migrate to the new version. It is expected that the main network will be launched between the third quarter and fourth quarter of 2023.
Hooks V3 will offer advanced features such as robust smart contract execution, sharding, and decentralized finance (DeFi) applications, all contributing to the platform’s scalability and security.

Importance of Hooks V3 for Evernode Users

Evernode’s Hooks V3 provides major benefits to both developers and end-users. Developers now have an updated and efficient platform to build smart contracts, while end-users have access to a smooth and user-friendly interface.
Furthermore, the security enhancements provided by Hooks V3 mean that the platform is more secure and resilient against potential cyber-threats. Finally, the upgraded consensus algorithm improves Evernode’s reliability and scalability, benefitting users in the long run.

Conclusion

Evernode’s Hooks V3 release is a significant milestone in the platform’s development journey. The two-layer decentralized licensed smart contract platform based on XRP Ledger now has improved features such as better transaction processing, robust smart contract execution, sharding, and DeFi applications, all aimed at increasing security, efficiency, and scalability.
Users are encouraged to install the latest version of the Evernode software, "Hooks V3," to take advantage of the new features and enhanced security measures. The release of Hooks V3 will have a significant impact on the platform’s growth, helping it to become one of the most reliable and efficient smart contract platforms in the market.

FAQs

1. What is Evernode?

Evernode is a two-layer decentralized licensed smart contract platform based on XRP Ledger that provides a secure and efficient solution for developers and end-users.

2. What are Hooks V3?

Hooks V3 are the latest version of Evernode’s beta testing. They provide improved performance and security features, making the platform more efficient and user-friendly.

3. How can users benefit from Hooks V3?

Users can enjoy improved security and reliability, a smoother and user-friendly interface, and better transaction processing, all contributing to the platform’s scalability and security.

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