Ripple CTO David Schwartz shared his thoughts on the introduction of smart contracts on the XRP Ledger (XRPL). New features, including smart contracts, are planned for XRPL in 2025, to be implemented through the XRPL EVM sidechain and directly on the XRPL Mainnet.
Ripple CTO's Commentary
Vet, the cofounder of xrpcafe and an XRPL dUNL validator, shared in a recent X post Ripple CTO David Schwartz's perspective on the introduction of smart contracts on the XRP Ledger. According to Schwartz, the implementation of smart contracts should proceed slowly and cautiously. He noted, 'Useful, small, and safe features will allow real-world use of smart contracts without compromising the existing use cases of the XRPL.'
Plans for 2025
In early September, Ripple announced its commitment, along with the broader XRP community, to bring new programmability, including smart contracts, to the XRPL dev ecosystem in 2025. This will be achieved through the XRPL EVM sidechain and by exploring the implementation of these capabilities on the XRPL Mainnet.
XRPL EVM Sidechain Potential
Regarding the XRPL EVM sidechain, the Ripple CTO stated that this platform will be extremely successful and competitive. He expressed hope that the XRPL EVM sidechain will become another part of the XRP ecosystem and emphasized that smart contracts directly on the XRPL Mainnet also have their applications.
Ripple's plans to introduce smart contracts and new capabilities on XRPL reflect its commitment to evolution and adaptation to contemporary demands. The gradual implementation of these functions will ensure their safety and reliability.
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