Ripple has just taken a big step forward. The network of Xrp It will also work with Ethereum applications, thanks to a special link already available in XRP Ledger.
The new link allows developers to execute Ethereum applications on an independent network connected to XRPL, as well as to use XRP in these applications.
Ethereum applications, but in the big XRP book
This new side chain It is executed in parallel with the XRP network and connects via Axlar, a system that connects the blockchains.
This allows developers to use Ethereum’s existing tools in the XRP ecosystem.
In the new network, transactions are treated within three to five seconds and cost less than $ 0.01. This makes the side chain much faster and cheaper than Ethereum.
The CTO David Schwartz of Ripple said::
“The XRPL EVM Sidechain introduces a flexible environment for developers to add Sidechain -based applications while maintaining a connection with the effectiveness of the XRP network.”
Great potential for challenge and tokenization
The new side chain allows applications such as loan platforms, stablecoins and other decentralized applications to operate with the XRP network.
The side chain is compatible with solidity, the language of intelligent contracts, allowing developers to easily carry their Ethereum applications.
According to the founder of PeersystFerran Prat, that’s about “Day 1 of a much wider trip to collaboration in blockchain, programming and large -scale usefulness.”
Thanks to bridges such as Axlar, XRP can also be deployed in other networks. Compatibility with the Green hole will arrive later, which will allow the large XRP book to communicate with even more blockchains.
This widens the possibilities for developers who wish to create applications in several networks.
Ripple is looking for the scale and adoption
With the introduction of this side chain, Ripple demonstrates that he wants something else with XRP than cross -transactions. Open the door to the Mercado DEFI.
With this expansion, the large XRP book is now connected to the wider Ethereum ecosystem. We will have to see in the future if it is used and how.
In any case, XRP investors seem optimistic about the future. An indicator that preceded a 450% price increase last year He now gives another positive sign …
Do you instantly want the latest cryptographic news? Follow us on Twitter / X