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Summary of Xahau
- Xahau is a smart contract sidechain to the XRPL ecosystem, introducing “Hooks” for smart contract functionality.
- Xahau XRP (XAH) is the utility token for purchasing network services.
- Transaction fees are calculated dynamically based on Hook transaction complexity.
- XAH acts as “network gas” for executing smart contracts, providing computational resources.
- Governance is managed through the Genesis Hook Governance Game, a decentralized mechanism.
- Xahau extends XRPL ecosystem functionalities by integrating smart contract capabilities through Hooks.
Numbers and Figures:
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About Xahau
Xahau is a pioneering force in the realm of cryptocurrency and blockchain technology, dedicated to fostering a community that thrives on innovation, collaboration, and mutual growth.
Xahau is a cutting-edge smart contract sidechain integrated with the XRPL ecosystem, pioneering the concept of “Hooks” to unlock smart contract functionality within the XRPL. These Hooks, comprising compact code snippets residing in Xahau accounts, scrutinize transactions against predefined rules, thereby ensuring seamless and secure automated execution.
Xahau XRP (XAH) serves as the native currency of the network, functioning as a utility token that facilitates the purchase of network services. Similar to the XRPL, transactions executed on Xahau incur a fee or reserve, denominated in Xahau XRP, which serves as a safeguard against spam and bloat, thereby protecting the integrity of the Ledger.
In Xahau, transaction fees are dynamically calculated based on the complexity of Hook transactions, which necessitate greater computational power compared to regular XRPL transactions, thereby requiring more substantial resources.
The native token, XAH, serves as the “network gas” that fuels the execution of smart contracts, providing the requisite computational resources to guarantee seamless contract execution.
Xahau’s governance is orchestrated through the Genesis Hook Governance Game, a decentralized mechanism that oversees the emission and management of Xahau XRP (XAH), incentivizing active network participants and fostering a sustainable ecosystem.
Xahau (XAH) revolutionizes the XRPL ecosystem by seamlessly integrating smart contract capabilities via Hooks, thereby providing a robust platform for developers to craft and interact with smart contracts, all while preserving the inherent security and efficiency of the XRPL.