Native smart contracts are self-executing agreements whose terms are directly written into code on a blockchain’s foundational layer. These contracts operate without reliance on external systems or secondary layers for their core functionality. They possess the full security and decentralization properties inherent to the underlying blockchain. This direct integration allows for trustless and transparent execution of predefined rules.
Context
The ongoing discussion surrounding native smart contracts emphasizes their role in establishing foundational trust and automating agreements within decentralized networks. Debates often concern the limitations of L1 programmability and the trade-offs involved in enhancing functionality without compromising security or scalability. Future developments are focused on improving the expressiveness and efficiency of these core smart contract capabilities.
The introduction of native Layer 1 smart contracts on the high-uptime XRP Ledger dramatically expands the design space for composable, low-latency dApps across DeFi and gaming.
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