Ripple officially introduced XRP Ledger’s Ethereum Virtual Machine (Evm) SideChain to Mainnet in an attempt to improve the interoperability of the ecosystem and allow developers to implement their Ethereum-based decentralized applications (DAPPS) With Xrpl.
The development adds EVM compatible smart contracts while maintaining a connection to XRPL, giving developers access to the ecosystem at a low price, Ripple said in a blog post. It is designed to eliminate the exchange between EVM compatibility and XRPL’s own benefits of opening the door to DAPPS to lean into XRP’s paying infrastructure.
“The XRPL EVM SideChain introduces a flexible environment for developers to implement EVM-based applications while maintaining a connection to XRPL’s efficiency,” said David Schwartz, Ripple’s Chief Technology Officer and a Co-Create of XRPL, in the post. “It expands the ecosystem’s capabilities without changing the basic elements that make XRPL reliable.”
SideChain acts as a separate blockchain parallel and connected to the XRP headbox over the Axelar Bridge, an interoperability protocol. Xrpls native token, xrp
will act as the native gas token for the sidekin.
The chain is designed specifically for developers as they can now build and implement their EVM-based applications while accessing XRPL’s network of over 6 million wallet owners, Ripple said. SideChain is scheduled to eventually also integrate with wormhole, another interoperability protocol that gives even more developers access to the XRP Ecosystem.
Read more: Ripple integrates wormhole with XRP -Hovedbok to Power Institutional Multikain -Movements
