Launch of XRPL EVM Sidechain Enhances Ethereum Application Deployment on XRP Ledger
Ripple's introduction of the XRPL's EVM sidechain allows for the integration of Ethereum-compatible smart contracts into the XRP ecosystem.
Ripple has officially launched the Ethereum Virtual Machine (EVM) sidechain of the XRP Ledger on the mainnet. This development enhances interoperability within the XRP ecosystem, enabling developers to create decentralized applications (dapps) compatible with Ethereum, but at a significantly reduced cost.
Key Highlights:
- The launch supports smart contracts that function with the EVM, allowing deployment on the XRP Ledger (XRPL).
- By integrating EVM compatibility, this sidechain maintains a connection to the XRPL, enabling developers to leverage XRP’s efficient payments framework.
As David Schwartz, Ripple’s Chief Technology Officer, noted, “The XRPL EVM Sidechain introduces a flexible environment for developers to deploy EVM-based applications, while maintaining a connection to the XRPL’s efficiency.”
This sidechain is designed to be independent while still linked to the XRP Ledger through the Axelar bridge, which is a protocol enabling interoperability. According to Ripple, it serves both to simplify EVM access for developers and provide a connection to over six million XRPL wallet holders.
More detailed information can be found in Ripple’s official blog.
