Ripple has announced that it has integrated the Ethereum Virtual Machine (EVM) compatible sidechain of the XRP Ledger into its mainnet.
This sidechain aims to increase the interoperability of the XRP ecosystem and enable developers to easily deploy their Ethereum-based decentralized applications (dapps) on XRPL.
The new EVM sidechain supports EVM-compatible smart contracts while maintaining a connection to the XRP Ledger. According to Ripple’s blog post, this architecture provides developers with access to the XRP ecosystem at a low cost and allows them to combine the benefits of XRPL’s payment infrastructure with Ethereum applications.
“XRPL EVM Sidechain provides a flexible environment for developers to deploy EVM-based applications while maintaining a connection to the efficiency of XRPL,” said David Schwartz, Ripple CTO and co-founder of XRPL. “This solution expands the capabilities of the ecosystem without compromising the reliability of XRPL.”
This sidechain operates as an independent blockchain that runs parallel and in conjunction with the XRP Ledger. The connection is provided via the Axelar protocol. XRP will be used as the native gas token in transactions on the sidechain.
According to Ripple, this development creates an attractive development environment for developers by providing access to the XRPL network, which has over 6 million wallet owners. In the future, the sidechain is also planned to be integrated with another interoperability protocol, Wormhole.
*This is not investment advice.
