Odaily News Evernode co-founder Scott Chamberlain recently proposed a new system to introduce programmability to the XRP Ledger (XRPL), sparking debate about potential fee increases. The proposal introduces Hooks, smart contract-like functions, and a new token called Codii to execute these Hooks. Chamberlain explained that Evernode is a decentralized custody platform that already uses four Hooks on the Xahau sidechain to manage reward distribution, custody registration, reputation system, and governance. However, in order to fully bring Evernode to the mainnet of XRPL, Chamberlain suggested that Codii be introduced as a token specifically used to pay Hook-related fees. Codii will be minted by locking XRP and destroying it for executing Hooks, while XRP will continue to process standard transaction fees. However, this proposal was questioned by Ripple CTO David Schwartz. Schwartz believes that the plan is too complicated and has no obvious benefits. He questioned whether a new token like Codii is needed because XRP can be used to pay all fees, simplifying the system. He stressed that adding programmable features such as Hooks will increase demand on XRPL's limited resources, potentially raising transaction fees for all users, not just those using Hooks. (Coin Edition)