Ripple has announced the launch of its long-awaited XRPL EVM Sidechain on the mainnet, presenting new opportunities for developers.
Features of XRPL EVM Sidechain
The XRPL EVM Sidechain offers full EVM compatibility, allowing the use of tools like Solidity, MetaMask, and Hardhat. It operates on PoA consensus with over 25 validators, featuring a block time of 3.4 seconds and over 1,000 TPS. XRP serves as the native gas token, and the sidechain supports smart contracts through the Ethereum Virtual Machine.
Comment from David Schwartz
David Schwartz, CTO of Ripple and co-creator of the XRP Ledger, commented on the launch: CITE_W_A "The XRPL EVM Sidechain introduces a flexible environment for developers to deploy EVM-based applications, while maintaining a connection to the XRPL’s efficiency. It extends the capabilities of the ecosystem without changing the fundamentals that make the XRPL reliable."
Impact on Developers and Ecosystem
The launch of the EVM sidechain is expected to be a significant step in attracting developers to create decentralized applications (dApps). It may also lead to the expansion of projects within the Ripple ecosystem, providing broader opportunities for integrating Ethereum-based technologies alongside the advantages of XRP Ledger.
The launch of the XRPL EVM Sidechain significantly enhances the functional capabilities of the XRP Ledger, offering developers new tools for building applications. This event could play a crucial role in the future development of the Ripple ecosystem.
