RippleX Launches EVM Sidechain on XRP Ledger, Strengthening Integration with Ethereum
RippleX has just announced the official launch of an Ethereum Virtual Machine (EVM) compatible sidechain on the XRP Ledger (XRPL). This innovation allows developers to run Ethereum smart contracts directly on the XRPL network, combining the speed and low costs of XRP with the extensive Ethereum ecosystem.
This sidechain uses XRP as its native gas token, making transactions more efficient and cost-effective compared to the main Ethereum network. Additionally, integration with Axelar Network enables direct and secure bridging between XRPL and Ethereum, opening up significant opportunities for cross-chain operations.
With the capability to process up to 1,000 transactions per second, this sidechain is suitable for various DeFi applications and dApps that require high scalability. This move reinforces XRPL's position as an innovative and interoperable blockchain platform, ready to support the global growth of the Web3 ecosystem.
The launch of this EVM sidechain marks an important milestone for RippleX in expanding the functionality of XRPL and enhancing the experience for developers and users in the blockchain world.