XRPL EVM is a revolutionary solution that combines the power of #Ethereum and the unique advantages of #XRP #Ledger . With this sidechain, developers can utilize smart contracts, create decentralized applications (dApps), and integrate with other blockchains.
Key Features #XRPL EVM
Ethereum Compatibility: Support for the #Solidity language for developing and launching smart contracts.
High performance: Proof of Authority (PoA) ensures block times of 3.5 seconds and up to 1000 transactions per second (TPS).
XRPL EVM Bridge: Axelar enables secure and efficient asset transfers between XRPL and EVM networks.
🚀 Role of Cosmos SDK
Cosmos SDK plays a strategic role in the development of the XRPL EVM sidechain. It provides a powerful set of tools to enhance the flexibility, functionality, and interaction of XRPL with other blockchains:
Creating Sidechains: Cosmos SDK helps develop sidechains like XRPL EVM, increasing the scalability of the ecosystem without overloading the main XRPL ledger.
Interoperability via IBC: The Inter-Blockchain Communication (IBC) protocol allows XRPL to interact with blockchains in the Cosmos ecosystem, ensuring smooth transfer of assets and data between networks.
Support for Ethereum Virtual Machine (EVM): Integration with Cosmos SDK allows the execution of smart contracts and decentralized applications, enhancing the functionality of sidechains.
Connecting Ecosystems: Cosmos SDK enables XRPL to connect to a wide range of decentralized applications (DeFi, NFTs, and other solutions) already built in the Cosmos ecosystem.
Dynamic decentralization: Cosmos SDK supports decentralized mechanisms such as Proof of Stake (PoS) and Proof of Authority (PoA), enhancing security and stability.
🌌 Examples of Applications on XRPL EVM
Multi-Purpose Tokens (MPT): Allow tokenization of real assets such as real estate and bonds.
Sologenic: A tool for tokenizing stocks, ETFs, and fiat currencies.
XRPL EVM Bridge: A bridge for transferring assets between XRPL and other networks.
✨ XRPL EVM and Cosmos SDK — a synergy that opens new horizons for developers and users.
