The launch of the EVM sidechain on the XRP Ledger (XRPL) represents a significant event for the ecosystem. The new platform will enable developers to create decentralized applications (dApps) using XRP as the gas token.
Launch of XRPL EVM Sidechain
The XRPL EVM sidechain has been officially launched on the mainnet, significantly expanding the capabilities of the XRP Ledger. The new sidechain allows developers to create EVM-compatible dApps using XRP as the primary gas token. This functionality has been highly anticipated by many in the XRPL community.
Technical Features and Integration
The sidechain offers a block time of 3.4 seconds and a throughput of 1,000 transactions per second, exceeding Ethereum's average block time of approximately 14 seconds. It operates on a Proof of Authority consensus mechanism and is supported by over 25 validators. Integration with Axelar, Squid, and Wormhole facilitates cross-chain asset movement between XRPL and the EVM sidechain.
Prospects and Opportunities for Developers
The launch of the EVM sidechain reflects the desire for compatibility between the XRP Ledger and the Ethereum ecosystem, opening new horizons for developers. Development tools such as Solidity, MetaMask, and Hardhat are fully supported, simplifying the process of porting and writing smart contracts. Upcoming application partners include Strobe Finance and Securd Labs.
The launch of the EVM sidechain on XRPL marks an important step in the evolution of the XRP ecosystem, providing developers with the ability to leverage the best aspects of both XRPL and Ethereum in their projects.
