How does"Hooks Amendment" change the game for XRPL?
The idea behind"Hooks," described by Wietse Wind, one of the leading XRPL developers, is to add smart contract functionality to the blockchain, where each user-developer can influence transaction behavior and flow by embedding"hooks" - small pieces of code that would be defined in the XRPL account and allow the transaction logic the developer needs on the blockchain.
Hooks can be written in any programming language, have any business logic and imply any smart contract concept. Thus, there is almostof smart contracts on XRPL. Along with the announcement of the public testing of the"Hooks Amendment," the XRPL Labs team also announced the launch of"Hooks Builder," a web framework within which developers can fully test the innovation in all of its forms.