Ripple CTO Questions Evernode’s New Token Plan for XRPL, Warns of Network Fee Hikes
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Sep 29 2024Evernode's Proposal: Evernode has proposed the introduction of Hooks and a new token called Codii to enhance programmability on the XRP Ledger (XRPL), aiming to make executing smart contract-like functions more affordable.
Ripple CTO's Concerns: Ripple's CTO David Schwartz has expressed skepticism about the necessity of Codii, highlighting potential complexities and warning that it could lead to increased transaction fees due to higher resource demands on the network.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
