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Home Journal What Is Xahau & How Does It Work? How To Get Its XRP+ Tokens? What Is Xahau?

According to its whitepaper, Xahau is a new smart contract sidechain for the XRP Ledger (XRPL) ecosystem. It implements a feature called Hooks that allows developers to create decentralized applications (dApps) and smart contracts on top of the XRPL.

Xahau is a fork of the XRPLs open source codebase rippled. It retains core XRPL features like the consensus protocol, decentralized exchange, and burning transaction fees. But it adds the new Hooks functionality for smart contracts.

Xahau works very similarly to the XRPL itself. It uses the same consensus protocol to validate transactions and achieve agreement on the state of the ledger.

The big difference is the addition of Hooks. Hooks are small pieces of code that execute custom logic on transactions before they are finalized. This allows things like enforcing business rules, escrow arrangements, registries, and other smart contract capabilities.

Xahau is meant to run in parallel to the main XRPL as a sidechain. This allows the XRPL ecosystem to start benefiting from smart contract capabilities before they may be added to the main XRPL itself.

XRP+ (pronounced XRP Plus) is the native token of the Xahau network. It serves the same function as XRP does on the main XRPL providing anti-spam protection by charging fees for transactions.

The supply of XRP+ is uncapped. The tokens are acquired in two main ways:

XRP+ has its value anchored to XRP. The Burn2Mint portal allows users to burn XRP on the mainnet in exchange for minting an equal amount of XRP+ on Xahau. This creates a direct valuation link between the two.

The supply of XRP+ is designed to be somewhat proportional to burned XRP. Up to the current XRP circulating supply can be minted via Burn2Mint. After that, monthly emissions are enabled to incentivize network activity.

So while XRP+ is a separate token, its value stems from and is backed by direct convertibility to XRP.

There are two main methods to acquire XRP+:

Xahau launched with some initial distribution to founders and launch partners. But ongoing, XRP+ has to be acquired through burn-and-mint or earning activity rewards.

Xahau is not seen as competitive to XRP or harmful for Ripple. Rather, it is designed to complement the XRPL ecosystem.

It implements smart contract capabilities that may eventually make their way back into the main XRPL. Having a live sidechain to test this is seen as beneficial.

The burn-and-mint process serves as a decentralized bridge between the chains. It does not substantially impact XRP supply unless users highly value the Xahau features.

Ripple is not involved in Xahaus development. But the project utilizes Ripples open source code and is meant to expand the functionality of the XRP Ledger as a whole.

CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com

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What Is Xahau & How Does It Work? How To Get Its XRP+ Tokens? - Captain Altcoin