Ripple Begins Push To Bring Ethereum-Compatible Sidechain to XRP Ledger

Developers have started testing a new sidechain on the XRP Ledger (XRPL) that will make the blockchain compatible with the Ethereum network.

and blog post According to XRPL developer community RippleX, blockchain development firm Peersyst Technology is currently testing an Ethereum Virtual Machine (EVM)-compatible sidechain for XRPL.

This project aims to enable Ethereum (ETH) developers familiar with Solidity, the leading programming language for creating smart contracts on Ethereum, to access and build XRPL networks.

RippleX said:

Today, many cryptocurrency developers prefer Ethereum or EVM-compatible cryptocurrencies due to the popularity of Solidity for programming smart contracts and the robust ecosystem of available developer tools and dApps (decentralized applications). We are choosing to build on the chain, while XRPL appeals to developers due to its speed, low cost, sustainability, and other features.

However, making the XRP Ledger EVM compatible can compromise its efficiency, scalability, and security. So, instead of forcing developers to choose a chain, Peersyst and Ripple partnered to create his EVM sidechain connected to the main her XRPL. “

According to RippleX, the project will end with a permissionless EVM sidechain and a bridge available on the XRPL mainnet.

To tell peer assist,

XRPL can now unlock the full potential of decentralized finance (DeFi). Thanks to sidechains with EVM, a new world of possibilities has opened up for XRP. EVM The sidechain uses XRP as its native token, no other currency is required to access it, built with the powerful Tendermint protocol and carefully customized for the XRP Ledger, using the Ethereum virtual machine We can achieve about 1,000 transactions per second.

According to the company, the sidechain and its bridge will allow seamless movement of crypto assets between XUMM Wallet and MetaMask, benchmark wallets for XRP and Ethereum, respectively.

Sidechains are now XRPL Devnetand developers aim to deploy to mainnet by the second quarter of 2023.

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Ripple Begins Push To Bring Ethereum-Compatible Sidechain to XRP Ledger

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