RippleX, the blockchain’s main development team revealed that the XRP Ledger is now testing its Ethereum Virtual Machine (EVM) sidechain, which intends to introduce Ethereum smart contracts to the XRP Ledger.
The sidechain, a secondary blockchain will add Ethereum-based smart contracts to Ripple’s XRP Ledger platform.
According to RippleX, Peersyst has built the sidechain, which is currently in its early stages of development and unavailable for public testing. This implies that it is now only accessible on XRP Ledger’s Devnet, a limited experimental network intended for testing purposes. The public, permissionless EVM sidechain will be introduced in the second phase, which will commence in the early years of 2023.
Smart contracts are natively supported on the XRP Ledger, however, the Ethereum Virtual Machine (EVM), a popular platform for creating Ethereum-based apps is not yet available on the network.
According to RippleX, after the sidechain is launched on mainnet in the second quarter of 2023, developers will be able to use Solidity, Ethereum’s primary programming language, to create applications that are compatible with the XRP Ledger over a bridge.
It will also enable developers to use XRP, the native asset of the XRP Ledger, inside the sidechain ecosystem.
“The release implies that developers no longer need to choose between XRPL and EMV-compatible blockchains; they may have the best of both worlds,” noted RippleX.
Disclaimer: The information provided in this article is for informational purposes only and should not be construed as financial or investment advice. Cryptocurrency investments are subject to market risks, and individuals should seek professional advice before making any investment decisions.