Ripple officially introduced the Ethereum virtual machine of XRP’s older book (EVM) Sidechain to Mainnet in an attempt to improve the interoperability of the ecosystem and allow developers to implement their decentralized applications based on Ethereum (DAPPS) With the XRPL.
The development adds intelligent contracts compatible with EVM while maintaining a connection with the XRPL, which provides developers accessing the ecosystem to a low cost, Ripple said in a blog post. It is designed to eliminate compensation between EVM compatibility and XRPL’s own advantages, opening the door that DAPPS be tilted in XRP payment infrastructure.
“The XRPL EVM Sidechain introduces a flexible environment for developers to implement EVM -based applications, while maintaining a connection with the efficiency of the XRPL,” said David Schwartz, director of technology at Ripple and an XRPL coupker, in the position. “Extends ecosystem capabilities without changing the foundations that make the XRPR reliable.”
The side chain works as a separate block chain that is parallel and connected to the Book Mayor XRP on the Axlar bridge, an interoperability protocol. Native XRPL token, XRP
It will serve as the native gas tab for the side chain.
The chain is specifically designed for developers, since they can now build and implement their EVM -based applications, while accessing the XRPL network of more than 6 million wallets, Ripple said. It is planned that the lateral chain is also integrated with Wormhole, another interoperability protocol, which allows even more developers to access the XRP ecosystem.
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