TheDinarian
News • Business • Investing & Finance
CCIP Officially Launches on Mainnet
July 17, 2023
post photo preview

July 17, 2023

We are excited to announce that the Chainlink Cross-Chain Interoperability Protocol (CCIP) has entered the Mainnet Early Access phase on the Avalanche, Ethereum, Optimism, and Polygon blockchains. Leading DeFi protocols in derivatives and lending are adopting CCIP, including Synthetix, which is live on CCIP mainnet, as well as Aave, with BGD Labs now integrating CCIP on mainnet into the protocol. 

On July 20, CCIP will become available to all developers across five testnets: Arbitrum Goerli, Avalanche Fuji, Ethereum Sepolia, Optimism Goerli, and Polygon Mumbai.

Connecting a Multi-Chain World

Web3 is now a multi-chain landscape. There are hundreds of blockchains, layer-2 networks, sidechains, subnets, appchains, parachains, and other environments for developers and users to choose from. While the launch of new on-chain ecosystems has driven innovation and adoption, it has also fragmented applications, on-chain assets, and market liquidity across different, disconnected blockchains. Furthermore, existing cross-chain solutions are complex—generally involving a multitude of technology stacks across protocols and chains—and often insecure, with $2B+ stolen due to cross-chain exploits. This lack of interoperability results in slower innovation and is holding back the progress and mass adoption of Web3.

But solving this problem is very hard. It’s not just about building the right product. It’s about building a standard that the whole industry can embrace to interoperate and build on top of each other. Building a cross-chain standard requires security, flexibility, and community. Security because moving value across chains needs to be highly reliable. Flexibility because the standard needs to accommodate all the use cases that developers will come up with and all the chains they want to build on. And finally community, because this standard is only as valuable as the community that adopts it. Chainlink has already built the industry-defining secure standard for Data in Web3, and thanks to all our users and partners, has built an incredible community. For all these reasons, Chainlink is uniquely positioned to extend this standard to solving the cross-chain problem and unlock a new wave of innovation in Web3.

Just like Web2 needed TCP/IP to connect isolated islands of computer networks, Web3 needs an interoperability standard to connect islands of blockchain networks.

CCIP is the most secure, reliable, and easy-to-use interoperability protocol for building cross-chain applications and services. Not only are developers given the flexibility to build their own cross-chain solutions on top of CCIP using Arbitrary Messaging, but CCIP also provides Simplified Token Transfers—which enables protocols to quickly start transferring tokens across chains using audited token pool contracts they control without writing custom code and in a fraction of the time it would take to build on their own.

CCIP is powered by Chainlink decentralized oracle networks, which have a proven track record of securing tens of billions of dollars and enabling over $8 trillion in on-chain transaction value. Since CCIP is built on the same foundation as existing Chainlink services, it requires little-to-no additional trust assumptions. If a dApp already relies on Chainlink for Price Feeds, then relying on CCIP for cross-chain interactions is an obvious choice. CCIP also features additional safety mechanisms that go above and beyond other cross-chain solutions, such as customizable rate limits on token transfers and a separate Active Risk Management (ARM) Network that monitors the validity of all cross-chain transactions.

CCIP Architecture
CCIP connects applications across various public and private blockchains to enable an interconnected Web3.

Developers, applications, and enterprises can use CCIP to unlock a variety of use cases, such as:

  • Cross-chain tokenized assets: Transfer tokens across blockchains from a single interface and without having to build your own bridge solution.
  • Cross-chain collateral: Launch cross-chain lending applications that allow users to deposit collateral on one blockchain and borrow assets on another.
  • Cross-chain liquid staking tokens: Bridge liquid staking tokens across multiple blockchains to increase their utilization in DeFi apps on other chains.
  • Cross-chain NFTs: Give users the ability to mint an NFT on a source blockchain and receive it on a destination blockchain.
  • Cross-chain account abstraction: Build smart contract wallets with native CCIP capabilities to improve the user experience of making cross-chain function calls. For instance, enable users to approve transactions on any chain using a single wallet.
  • Cross-chain gaming: Create blockchain-agnostic gaming experiences that enable players to store high-value items on more secure blockchains while playing on more scalable blockchains.
  • Cross-chain data storage and computation: Employ data storage solutions that enable users to store arbitrary data on a destination chain and execute computations on it using a transaction on a source chain.

Market Leaders Are Using CCIP To Interact Cross-Chain

Cross-Chain Liquidity With Synthetix

Synthetix is a DeFi protocol that acts as a liquidity layer for an ecosystem of on-chain derivatives and financial instruments. One of its recent additions to Synthetix V3, the Synth Teleporter, provides users with a streamlined method for transferring Synth liquidity between chains. This feature operates by burning sUSD (the protocol’s unit of account) on the source chain, then minting an equivalent amount of sUSD on the destination chain.

The Synth Teleporter employs Chainlink CCIP to burn and mint tokens across chains safely and accurately, ensuring security and reliability. This unique burn-and-mint model promotes higher capital efficiency without the need for liquidity pools. In doing so, Synth Teleporters enable Synthetix liquidity to flow toward areas with the highest demand, bypassing constraints associated with traditional token bridges.

Security is critical when dealing with on-chain assets, which is why we leverage Chainlink CCIP for our cross-chain Synths Teleporter. As one of the first users of Chainlink Data Feeds, we’re thrilled to get first access to CCIP and all the functionality it unlocks for Synthetix.”—Kain Warwick, Founder, Synthetix

CCIP Synthetix integration
CCIP enables Synthetix to securely transfer tokens across different blockchains through a burn-and-mint model.

Cross-Chain Governance on Aave

Aave is a non-custodial liquidity protocol that allows users to borrow and lend assets on-chain. Aave previously used several different chain-native bridges to support its multi-chain governance mechanism and used Ethereum as the voting network. This cross-chain architecture made it expensive for participants to vote and created substantial development and maintenance costs. Once Chainlink CCIP became available, the Aave community voted to integrate the protocol because of its gas-efficient design, time-tested infrastructure, scalability to new networks, and ease of integration. Thus, BGD Labs, a Web3 development initiative, is integrating Chainlink CCIP into the Aave Governance V3 to future-proof the cross-chain system.

We’re excited to leverage Chainlink CCIP for secure, reliable, and scalable cross-chain communication on the next iteration of the Aave protocol. With seamless integration into the cross-chain governance mechanism, CCIP is set to save valuable developer time that can be better spent enhancing the core features of Aave.—Ernesto Boado, Co-founder, BGD Labs

CCIP Aave integration
CCIP enables Aave to implement approved governance proposals across different blockchains.

Cross-Chain Connectivity for Capital Markets 

CCIP serves as a blockchain abstraction layer that allows enterprises to connect with and interoperate across any public or private blockchain environment directly from their existing backend systems. Swift and over a dozen financial institutions and financial market infrastructure providers have already begun exploring CCIP for instructing token transfers across public and private chains through existing Swift messaging infrastructure. The blockchain interoperability collaboration includes Australia and New Zealand Banking Group (ANZ), BNP Paribas, BNY Mellon, Citi, Clearstream, Euroclear, Lloyds Banking Group, SIX Digital Exchange (SDX), and The Depository Trust and Clearing Corporation (DTCC).

CCIP Enterprise Abstraction Layer
      A simplified architecture of how banks and FMIs are using CCIP via the Swift network.

Setting a New Standard in Cross-Chain Utility, Security, Reliability, and Developer Experience 

Some of the notable features of CCIP that set it apart from other cross-chain solutions include:

Simplified Token Transfers

CCIP Simplified Token Transfers is a plug-and-play solution consisting of audited token pool contracts that handle the complexity of burning and minting or locking and unlocking tokens across chains while ensuring token sponsors maintain full control over their Token Pool contract. Simplified Token Transfers provide additional security features, such as Rate Limits, and enhance the composability around protocols’ native tokens so ecosystem partners can easily transfer and build new capabilities around a protocol’s token via a single CCIP interface.

Programmable Token Transfers

Token transfers can include additional instructions about their intended use to a receiving smart contract on a different blockchain, such as swapping or staking assets once they arrive at the destination chain. With programmable token transfers, messages (tokens + data) are one atomic cross-chain transaction, and the tokens can always be assumed available when the instructions passed are executed at the destination.

Active Risk Management (ARM) Network

ARM is a separate, independent network that continually monitors and validates the behavior of the primary CCIP network, providing an additional layer of security by independently verifying cross-chain operations for erroneous activity. The ARM Network utilizes a separate, minimal Rust implementation of the Chainlink node software, creating a form of client diversity for increased robustness while also minimizing external dependencies to prevent supply chain attacks.

CCIP powered by Chainlink
                                                 The cross-chain stack of CCIP.

Rate Limits

CCIP supports customizable rate limits on the amount of tokens able to be transferred within a given time period. Rate limits can be configured on a per-token per-lane level, and are set up in alignment with the token issuer. There are also aggregate rate limits across all tokens for a given lane to ensure every token’s rate limit can not be maximally abused. This feature is part of the heavily audited CCIP code base and is only available for CCIP Token Transfers and not arbitrary messaging.

Smart Execution

CCIP utilizes a gas-locked fee payment mechanism, referred to as Smart Execution, to help ensure the reliable execution of cross-chain transactions regardless of destination chain gas spikes. For developers, this means you can simply pay on the source chain and CCIP will take care of execution on the destination chain.

Timelocked Upgradability

All on-chain security-critical configuration changes and upgrades to CCIP must either pass through a timelock smart contract, where proposed changes can be vetoed by a quorum of node operators securing CCIP, or explicitly approved by such a quorum without a timelock. This enables users and protocols depending on CCIP to inspect on-chain changes before they take effect. Any on-chain update that passes the timelock without a veto becomes executable by anyone. The community can run a timelock-worker to process executable upgrades. This approach to on-chain upgrades represents a step forward in the increased decentralization and robustness of the Chainlink Network.

Payment Model

As noted in the recent Chainlink Network in 2023 and Sustainable Oracle Economics blogs, we’re currently in the process of architecting enhanced payment models to support the monetization and long-term sustainability of Chainlink services. One of the primary goals is to reduce payment friction for dApps, enterprises, and end-users using Chainlink services so a greater amount of fees can directly support Chainlink’s various service providers over time.

With CCIP built to be the most secure and easy-to-use cross-chain solution, and the potential for fee payments to eventually originate across a multitude of independent blockchains, a low-friction payments solution for users is necessary for CCIP to quickly scale and support new blockchains. As such, CCIP supports fee payments in LINK and in alternative assets, which currently take the form of native blockchain gas coins and their ERC20 wrapped version. Payments made in alternative assets will be charged at a higher rate versus LINK payments. 

We are working on an automated on-chain conversion mechanism where fee payments made in alternative assets are auto-converted into LINK. Before this conversion mechanism is deployed, payments made in alternative assets will be withdrawn to separate maintenance pools and replaced within the CCIP contracts with LINK based on the exchange rate at the time of payment. LINK will then be paid to service providers (e.g., node operators). After an on-chain conversion mechanism has been deployed, alternative assets residing in maintenance pools can be converted to LINK. 

Fee payment premiums for CCIP Messaging will be a flat fee per message, while fees for using CCIP to enable token transfers will be a percentage of the value transferred. CCIP fees also include gas cost overhead. The premium portion of fees paid in alternative assets will have a surcharge of 10% versus LINK payments. Current CCIP premium fees are in line with industry standards within the cross-chain ecosystem, although these values are subject to change.

As Chainlink Staking expands over time to support more oracle services, such as CCIP, a portion of the user fees paid for those services are planned to be directed to stakers in exchange for increasing the service’s cryptoeconomic security.

CCIP Summer Is Here

We’re kicking off CCIP Summer in the runup to CCIP Mainnet General Availability, which will feature a global series of in-person and virtual CCIP events, workshops, and more. Look out for: 

We are also beginning a phased onboarding process, where users that participated in the testing program are transitioned to Mainnet Early Access. This security-focused approach will enable us to closely monitor all aspects of CCIP and ARM Network and help ensure user success by providing hands-on support. We’ll also continue to work with various token sponsors and dApps to add support for more tokens to CCIP over time. 

Solving the cross-chain connectivity problem will unleash an unprecedented wave of innovation in Web3. We look forward to building this standard with our community. 

To get notified once CCIP is available on testnet on July 20, sign up here. If you want to learn more about CCIP’s underlying architecture and code, check out the CCIP developer documentation.

Link

community logo
Join the TheDinarian Community
To read more articles like this, sign up and join my community today
0
What else you may like…
Videos
Podcasts
Posts
Articles
🚨NEW: Watch @BoHines sit down with @CryptoAmerica_

Watch @BoHines sit down with @CryptoAmerica_ to discuss key details of the White House crypto report including anticipated new DOJ guidance, as well as fresh commentary on the @rstormsf trial, and the nomination of @BrianQuintenz to lead the @CFTC.

00:28:43
Why Invest In XRP?

Because Ripple Is EVERYWHERE!

This is on Wall Street... NY

00:00:06
👉"You're gonna be told that there is a craft on its way to Earth.

"That 100 fxxxing percent is the lie you are going to be told."

Jeremy Corbell in January 2025

00:02:38
👉 Coinbase just launched an AI agent for Crypto Trading

Custom AI assistants that print money in your sleep? 🔜

The future of Crypto x AI is about to go crazy.

👉 Here’s what you need to know:

💠 'Based Agent' enables creation of custom AI agents
💠 Users set up personalized agents in < 3 minutes
💠 Equipped w/ crypto wallet and on-chain functions
💠 Capable of completing trades, swaps, and staking
💠 Integrates with Coinbase’s SDK, OpenAI, & Replit

👉 What this means for the future of Crypto:

1. Open Access: Democratized access to advanced trading
2. Automated Txns: Complex trades + streamlined on-chain activity
3. AI Dominance: Est ~80% of crypto 👉txns done by AI agents by 2025

🚨 I personally wouldn't bet against Brian Armstrong and Jesse Pollak.

👉 Coinbase just launched an AI agent for Crypto Trading

In the latest episode of the XDC MENA Podcast, host Rebecah Dausen is joined by Amir Neghabian, founder of Vital Veda, to explore how blockchain is modernizing the way we approach Fitness.

Why you should tune in:
-Learn how decentralized systems can verify the authenticity of Fitness
-Discover how Web3 opens access to Fitness knowledge
-Understand XDC’s role in enabling trusted, wellness-driven ecosystems

🎥 Watch now:

Still the best infographic about total #XRP circulation, updated. (SBI Holdings fiscal year end report)

~36b left in escrow..

post photo preview

The @WhiteHouse cited Pyth in its latest report on digital financial technology, linking to the network’s research on building perpetual futures.

A small mention, but a meaningful signal that onchain finance is gaining visibility in the broader policy conversation.

As discussions around modernization and regulation continue, one thing is clear: transparent, real-time market data is no longer just a back-office detail. It’s foundational to the next chapter of global finance.

The price of everything, everywhere 🇺🇸

https://whitehouse.gov/wp-content/uploads/2025/07/Digital-Assets-Report-EO14178.pdf

post photo preview
post photo preview
PYTH: We'll Always Have Coldplay

Welcome back to The Epicenter, where crypto chaos meets corporate cringe.

But surprisingly, crypto has not been the most chaotic corner of the internet as of late.

That honor goes to the startup Astronomer, whose CEO’s cheating scandal broke the web in a glorious meme-fueled media frenzy. The company’s damage control? Hiring Gwyneth Paltrow as a “temporary spokesperson.” Do we think they’re grasping at straws or setting a new standard for PR?

Meanwhile, the markets didn’t blink. BTC is still flexing near its all-time highs. Michael Saylor’s bringing a bitcoin-adjacent money-market product to Wall Street. A pharma company just earmarked $700M to stack BNB, and analysts are calling time of death on the four-year crypto cycle. It’s a steady boom now, kittens.

A few things that are also worth noting: Winklevoss vs. JPMorgan, Visa’s take on stablecoins, and Robinhood’s Euro drama that defies the chillness of eurosummer.

Let’s get into it 👇

⛓️ The On-Chain Pulse: What’s Happening on the Front Lines of Finance

This week’s biggest news in crypto and all things digital assets

🗣️ Word on the Street: What the Experts are Saying

Stuff you should repost (or maybe even cough reword and take credit for)

Meme of the Week

🏦 Kiss my SaaS: What’s Changing the Game for Fintech

Things you should care about if you want to impress your coworkers

Closing Thoughts

From meme-fueled PR stunts to Bitcoin-backed money-market funds, this week reminded us that markets move fast—and headlines move faster. With Wall Street automating itself, fintechs beefing with banks, and even your smartphone becoming a miner, anything is possible. Stay curious, stay cynical, and as always—stay sharp and stay liquid. We’ll see you back here in two weeks.

— The Epicenter, powered by Pyth Network

 

🙏 Donations Accepted 🙏

If you find value in my content, consider showing your support via:

💳 PayPal: 
1) Simply scan the QR code below 📲
2) or visit https://www.paypal.me/thedinarian

🔗 Crypto – Support via Coinbase Wallet to: [email protected]

 

Read full Article
post photo preview
4 Fintech Companies 💸& Things To Know About 🤔

The fintech revolution is reshaping the way we manage, invest, and move money, breaking down traditional barriers and empowering individuals worldwide. As financial technology continues to evolve at a rapid pace, a select group of innovative companies are leading the charge by offering groundbreaking solutions that redefine banking, payments, and digital assets. Whether you’re a savvy investor, an industry professional, or simply curious about the future of finance, discovering these trailblazing fintech companies is essential to understanding today’s dynamic financial landscape.

 

  1.  Alina Invest - The AI Wealth Manager for GenZ Women

Alina is aimed at women under 25 who identify as beginner investors. They're an SEC-registered investment advisor that charges $120/year for membership. The service "buys and sells for you" and gives up notification updates of recent transactions like a wealth manager would.

👉 Getting people to invest early is crucial to building long-term wealth. One thing that holds them back is a lack of confidence and experience. Being targetted "for beginners" and people who live on TikTok should appeal. I love the sense of "we're buying and selling for you." Funds always do that, but making it an engagement mechanic is very smart. The risk here is that building a wealth business will take decades for the AUM to compound. But the next generations, Wealthfront or Betterment, will look something like Alina.

2. Blue layer - The Carbon project funding platform

Bluelayer allows Carbon project developers to take from feasibility studies to issuing credits, tracking inventory, and managing orders. Developers of reforestation, conservation, direct air capture, and other projects can also directly report to industry registries. 

👉 Carbon investing and tax credits are heavily incentivized but need transparent data. By focusing on the developers, Bluelayer can ensure the data, reporting, and credits lifecycle is all managed at the source. This is smart.

3. Akirolabs - Modern Procurement for enterprise

Akiro is a "strategic" procurement platform aiming to help enterprise customers identify risks, value drivers, and strategic levers before issuing an RFP. It aims to bring in multiple stakeholders for complex purchasing decisions at multinationals. 

👉 Procurement is a great wedge for multinational corporate transformation. Buying anything in an enterprise that uses large-scale ERPs is a nightmare of committees and spreadsheets. Turning an oil tanker-sized organization around is difficult, but the right suppliers can have a meaningful impact in the short term. That only works if you can buy from them. Getting people on the same page with a single platform is a great start.

4. NeoTax - Automated Tax R&D Credits

NeoTax allows companies to connect their engineering tools to calculate available tax advantages automatically. Once calculated, the tax fillings are clearly labeled with supporting evidence for the IRS.

👉 AWS and GCP log files and data are a goldmine. Last week, I covered Bilanc, which uses log files to figure out per-account unit economics. Now, we calculate R&D tax credits. The unlock here is LLM's ability to understand unstructured data. The hard part is understanding the moat, but time will tell.

In an era where technology and finance are increasingly intertwined, these four fintech companies stand out as catalysts for positive change. By driving progress in digital payments, asset management, lending, and decentralized finance, they are not only making financial services more accessible and efficient—they are also paving the way for a more inclusive and empowered global economy. Staying informed about their innovations can help you seize new opportunities and take part in the future of finance.

 

👀Things to know 👀

 

PayPal issued low guidance and warned of a “transition year.” The stock is down 8% in extended trading despite PayPal reporting a 9% growth in revenue and 23% EBITDA. Gross profit is down 4% YoY. PayPal's total revenues were $29Bn for the year

Adyen reported 22% revenue growth and an EBITDA margin of 46% for the full year. Adyen's total revenues were $1.75bn for the full year. The margin was down from 55% the previous year, impacted by hiring ahead of growth.

🤔 PayPal’s Braintree (unbranded) is losing market share in the US, while Adyen is winning it. eCommerce is growing ~9 to 10% YoY, and PayPal’s transaction revenue grew by 6.7%. The higher interest rate environment meant interest on balances dragged up the total revenue figure. Their core business is losing market share. Adyen is outgrowing the market by ~12%.

🤔 The PayPal button (branded) is losing to SHOP Pay and Apple Pay. The branded experience from Apple and Shopify is delightful for users; it’s fast and helps with small details like delivery tracking. That experience translates to higher conversion (and more revenue) for merchants.

🤔 The lack of a single global platform hurts PayPal, but it helps Adyen. In the earnings call, the new CEO admitted their mix of platforms like Venmo, PayPal, and Braintree are holding them back. They aim to combine and simplify, but that’s easier said than done.

🤔 Making a single platform from PayPal, Venmo, and Braintree won’t be easy. There’s a graveyard of payment company CEOs who tried to make “one platform” from things they acquired years ago. It’s crucial if they’re going to grow that they get their innovation edge back. Adyen has one platform in every market.

🤔 PayPal’s UK and European acquiring business is a bright spot. The UK and EU delivered 20% of overall revenue, growing 11% YoY. Square and Toast don’t have market share here, while iZettle, which PayPal acquired in 2018, is a strong market player. Overall though, it’s yet another tech stack and business that’s not part of a single global platform.

The two banks provided accounts to UK front companies secretly owned by an Iranian petrochemicals company. PCC has used these entities to receive funds from Iranian entities in China, concealed with trustee agreements and nominee directors. 

🤔 This is the headline every bank CEO fears. Oof. Shares of both banks have been down since the news broke, but this will no doubt involve crisis calls, committees, appearing in front of the regulator, and, finally, some sort of fine.

🤔 The "risk-based approach" has been arbitraged. A UK company with relatively low annual revenue would look "low risk" at onboarding. One business the FT covered looked like a small company at a residential address to compliance staff. They'd likely apply branch-level controls instead of the enterprise-grade controls you'd see for a large corporation. 

🤔 Hiring more staff won't fix this problem; it's a mindset and technology challenge. In theory, all of the skill and technology that exists to manage risks with large corporate customers (in the transaction banking divisions) are available to the other parts of a bank. In practice, they're not. Most banks lack a single data set and the ability for compliance officers in one team to see data from another part of the org. Getting the basics right with data and tooling is incredibly hard and will involve a multi-year effort. 

🤔 These things are rarely the failure of an individual or department; the issue is systemic. While two banks are named in this headline, the issue is everywhere. Banks need more data and better data to train better AI and machine learning. That all needs to happen in real-time as a compliment to the human staff. Throwing bodies at this won't solve the visibility issue teams have.

 🙏 Donations Accepted 🙏

If you find value in my content, consider showing your support via:

💳 PayPal: 

1) Simply scan the QR code below 📲
2) or visit https://www.paypal.me/thedinarian

🔗 Crypto – Support via Coinbase Wallet to: [email protected]

Or Buy me a coffee: https://buymeacoffee.com/thedinarian

Your generosity keeps this mission alive, for all! Namasté 🙏 Crypto Michael ⚡  The Dinarian

 

Read full Article
post photo preview
What is XAH and Xahau?

If you're new to XRP, you may have noticed some of us discussing another network named 'Xahau'.

It's Like XRP ... But Different

The Xahau network was created in 2023, and its starting point was the open-source code for the XRP Ledger. A small team of researchers and entrepreneurs decided to add smart contracts to the network code.


The XRP Ledger has no smart contract capabilities, by default.

To integrate smart contracts, the team decided to use an architecture that includes 'WASM' or 'web assembly' code. Each account can have up to 10 'hooks' installed that are triggered for transactions that match specific criteria. They can run before or after a transaction is processed. This enables a variety of use cases that do not involve the need to change the network's core code.

Hooks

A 'hook' is what is known as a smart contract that can be triggered in relation to a specific account and its transactions.

The term arises from the programming world, where it generally means "code that runs based on triggering conditions." In Xahau's case, it indicates code that is run before, or after, a transaction is processed.
 
Each hook must be installed on a specific account by the party that controls the account - i.e., the secret key holder.
 
What Can XAH Do That XRP Cannot?
 
The primary benefit from the use of hooks, is that the core network code does not need to be changed every time a new use case is identified. This means that additional use cases can be addressed immediately, with no requirement for intervening steps, such as:
  • Community review
  • Community approval
  • Amendment voting
All of those steps are eliminated with the use of hooks; new use cases can be addressed as fast as the code can be developed.
 
To read more about how hooks enables Xahau to handle more use cases than even the XRPL, you can read this article:
 
Key Differences From XRP
 
Other unique differences from the XRP Ledger include:
  • Much smaller supply ~612 million coins vs. 100 billion coins
  • XAH hodlers are rewarded at 4% of their account balance. There are no rewards for XRP.
  • Governance participants are incentivized
  • Payment channels available for user-created tokens (IOUs)
  • URI tokens instead of NFT tokens
Who's Who of Xahau?
 
The list of those that are either founders, or closely associated with the founding organizations, is extensive. Here are the names of three organizations mentioned in the whitepaper, or their current moniker:
  • Xaman (a.k.a. XRPL Labs)
  • Gatehub
  • InFTF (Inclusive Financial Technology Foundation)
There exists a long list of impressive developers, architects, and technologists among the Xahau inner circle. But the three names that people associate most prominently with the leadership of the Xahau network are Wietse Wind, Richard Holland, and Denis Angell. The links to their 'X' accounts are:
 
Friend Or Foe?
 
This topic is one of the most contentious.
 
While Ripple, the company with the largest stake of XRP, showed interest in hooks early on, they ultimately decided to advocate for a different approach; the use of an EVM-based solution (Ethereum Virtual Machine) to handle smart contracts on the XRP Ledger. This decision was met with consternation by the Xaman team that had worked with them for several years to advocate for the use of hooks.
 
You can read more about the 'business politics' part of this topic here:
 
So how do Xahau fans view the relationship between XRP and XAH?
 
The Xahau team - and many of its community members - advocate for the use of a 'dual-chain' solution to implement smart contracts. This can be accomplished by the use of 'listener' software, along with native Xahau hooks.
 
A proof of concept, developed by Denis Angell, has demonstrated that bi-lateral communication can work with a simple approach.
 
From an economic standpoint, every chain that has its own digital asset is a competitor; but the simple way to think about Xahau, is that a 'bunch of XRP geeks' decided to implement smart contracts on their own version of the XRP Ledger.
 
The team emphasized transparency along the way, and initially received support from the primary XRP stakeholder, Ripple. They published Xahau as open-source code that could, in theory, be back-engineered and integrated with the XRP Ledger. You can clearly observe the team's idealistic mindset in early marketing mistakes, where they named their digital asset 'XRP Plus' in an effort to emphasize the way that they viewed their creation. While this resulted in confusion - and even suspicion - in its early days, the team quickly pivoted, and named their digital asset 'XAH', which became its ticker symbol.
 
Synergy effects between the two camps speak to a genuine camaraderie, with many Xahau developers being open and willing to help with changes to the core XRP Ledger protocol. You can find many examples of this open dialogue on the 'X' platform.
 
How To Purchase XAH
 
If you wish to speculate by buying XAH directly, it is available in a variety of convenient locations, depending on where you are located. If you're in a country that is supported by Bitrue, you can directly purchase or trade XAH by using that exchange.
 
On January 20th, 2025, Bitmart announced that it supports trading of XAH for customers in their list of supported countries; And in late March, another major exchange announced that they would be supporting XAH trading pairs: Coinex.
 
If you're located in the United States, you can purchase XAH directly from a vendor known as 'C14'. The xApp for C14 is located in the Xaman wallet.
 
XRP Ledger geeks can also purchase XAH IOUs on the XRPL Dex and then convert them to 'real' XAH using a Gatehub bridge. This is available in countries that Gatehub supports.
 
Which XAH Accounts Should I Follow?
 
On the 'X' platform, there exists two major community groups for XAH fans:
In addition to the Xahau notables I've already mentioned in this article, my advice is to take a look at who is posting in the above two communities. There are many impressive leaders and entrepreneurs included. You should be able to find multiple 'X' accounts that reflect your interests.
 
Xahau Development Roadmap
 
Xahau leaders have published a roadmap for 2025 that lists their various goals for the ecosystem:
 
To read a detailed explanation for each item, refer to this: Xahau Roadmap Super Thread
 
One of the most incredible waypoints listed is 'JavaScript Hooks Implementation.' 🤯
JavaScript!
 
With the 'JavaScript Hooks Implementation', Xahau is making history; it will enable anybody that knows JavaScript to easily create and install a smart contract. While networks like Ethereum are impressive early movers, they require developers to learn a new language and syntax.
 
Xahau will soon open 'crypto smart contracts' to a group of developers that number in the tens of millions.
 
Project L-10K
 
Project L-10K is one of the most important items in the pipeline. L-10K refers to the effort to boost the throughput of Xahau consensus to over 10,000 transactions per ledger! This will benefit hosted projects such as Evernode, and future issued assets. Heading up the effort is Richard Holland, who provided a progress update to the community in late May of 2025:
 
To learn more about this ambitious effort, you can watch his full presentation here:
The Future Of Defi And Payments
 
Once you've seen the extensive list of use cases that XAH easily handles, it's truly inspiring. Xahau is everything that you love about XRP, plus a long list of more things to love. ❤️
 
Be an early adopter of XAH and the Xahau network! Join the community groups listed and follow the accounts that seem to reflect your own interest - speculator, developer, or crypto fan. You have a place in our community, no matter what your background or interests are. Welcome to the future of crypto Defi and Payments
 
Sources:
 
 
NOTE: Payment channels for IOUs is currently in amendment status for the XRP Ledger, authored by Denis Angel here:
 
 

🙏 Donations Accepted 🙏

If you find value in my content, consider showing your support via:

💳 PayPal: 

1) Simply scan the QR code below 📲
2) or visit https://www.paypal.me/thedinarian

🔗 Crypto – Support via Coinbase Wallet to: [email protected]

Or Buy me a coffee: https://buymeacoffee.com/thedinarian

Your generosity keeps this mission alive, for all! Namasté 🙏 Crypto Michael ⚡ The Dinarian

 
 
Read full Article
See More
Available on mobile and TV devices
google store google store app store app store
google store google store app tv store app tv store amazon store amazon store roku store roku store
Powered by Locals