- Xahau is a #smart-contract sidechain to the XRPL ecosystem,introducing Hooks to enable smart contract functionality on the XRPL. - These Hooks are small pieces of code that live in Xahau accounts and check transactions against specified rules that Hooks set. - This makes it possible for transactions to be executed safely and automatically.Xahau XRP XAH is the currency of the network. - It is a utility token to purchase network services. - Like the XRPL,transactions on Xahau incur a fee or reserve that is charged in Xahau XRP to protect the Ledger against spam and bloat.In Xahau,transaction fees are calculated dynamically based on how complicated Hook transactions are. - This is because smart contract transactions require more computing power than regular XRPL transactions.The native token,XAH,acts as network gas when executing smart contracts,providing the necessary computational resources to ensure smooth contract execution.Xahaus governance is managed through the Genesis Hook Governance Game,a decentralized mechanism overseeing the emission and management of Xahau XRP XAH,rewarding active network participants,and ensuring a sustainable ecosystem.Xahau XAH extends the XRPL ecosystems functionalities by integrating smart contract capabilities through Hooks,offering a platform for developers to build and interact with smart contracts while maintaining the security and efficiency inherent to the XRPL..
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