Ripple Launches Test Phase For Ethereum Based Smart Contracts On The XRPL
Back in September, David Schwartz, the Chief Technology Officer (CTO) of Ripple and one of the original architects of the XRP Ledger, presented his thoughts on an Ethereum Virtual Machine (EVM) sidechain. His idea was to enable the execution of Ethereum smart contracts on the XRP Ledger (XRPL) and thus lower the entry barriers for […]
Related News
The EVM-compatible XRP Ledger sidechain is set to undergo its second phase in early 2023, which will make the chain permissionless and improve scalability. Ripple users may be able to interact with Ethereum-compatible decentralized applications (DApps) in the future following the launch of a test phase of Ripple’s new XRP (XRP) Ledger sidechain.The launch of the sidechain was shared in a Tweet by blockchain development firm Peersyst Technologies on Oct. 17, noting that the new sidechain is compatible with Ethereum Virtual Machine (EVM).This means that Ripple users could eventually have....
In lieu of expanding the main ledger's functionality, Ripple's developers argue that using federated sidechains will help preserve the blockchain's leanness and efficiency for payments. Ripple's developers have been engaging with feedback and suggestions that they expand the XRP Ledger, or XRPL, to integrate functionalities such as smart contracts. The latter have become a major feature of the booming decentralized finance space, but Ripple's creators claim that a different solution is better for the payments-focused XRPL.This solution comes in the form of what they term “federated....
Earlier today, XRPL Labs divulged its latest development: Xahau Ledger, a smart contract sidechain integrated into the XRP Ledger (XRPL) ecosystem. This is said to enhance the capabilities of the XRP Ledger, pushing it a step closer to widespread retail adoption. The announcement by XRPL Labs, the brain behind the XRP Ledger’s self-custody wallet named Xumm, has reignited excitement within the community, pointing toward significant advancements for this altcoin. However, so far, the altcoin remains in red down by 1% in the past 24 hours. Related Reading: Pantera CEO Calls Ripple....
In an effort to advance the growth and adoption of the XRP Ledger (XRPL), Ripple Labs Inc. has partnered with Frankfurt-based Tokentus Investment AG, an investment company specializing in the blockchain sector. As part of Ripple’s XRPL Accelerator Program, the German investment firm will support emerging start-ups by offering mentorship and guidance. The XRPL Accelerator […]
Etherparty, a platform that removes the complexity and management of creating and executing smart contracts on the Ethereum network, is looking for participants to test the beta phase of the software slated for an August release. Non-developers can now create smart contracts. “When there’s coverage about Ethereum and how it can be used for decentralized voting, identity, governance, applications, or gaming, it’s all really fantastic ideas,” said Lisa Cheng, founder and owner of Vanbex Group, the Vancouver-based professional services firm behind Etherparty. “But when it comes down to it,....