Ripple officially introduces XRP Ledger’s Ethereum virtual machine (EVM) Sidechain to mainnet to improve ecosystem interoperability and allow developers to deploy their Ethereum-based Distributed application (dapps) Use XRPL.
This development adds EVM compatible Smart contracts while maintaining connection to XRPLRipple said in a blog post that gives developers access to the ecosystem at a low cost. It aims to eliminate the trade-off between EVM compatibility and XRPL’s own strengths, opening the door to DAPPS’s tilt XRP’s payment infrastructure.
“XRPL EVM SideChain provides developers with a flexible environment to deploy EVM-based applications while maintaining connections to XRPL efficiency.” “It extends the capabilities of the ecosystem without changing the fundamentals that make XRPL reliable.”
Sidechain is a parallel, separate blockchain connected to XRP Ledger on Axelar Bridge, an interoperability protocol. Local token for XRPL, XRP
will be used as the local gas token for Sidechain.
Ripple said the chain was designed specifically for developers because they can now build and deploy EVM-based applications while accessing a network of over 6 million wallet holders of XRPL. The Sidechain program will eventually integrate with another interoperability protocol wormhole, allowing more developers to access the XRP ecosystem.
Read more: Ripple integrates wormholes with XRP Ledger into Power Institution Multichain Moves
