Ripple Begins Testing XRP Ledger To Access Ethereum Smart Contracts
Ripple is exploring a method for developers to easily install smart contracts created for the bigger and more popular Ethereum blockchain on its XRP Ledger (XRPL) network.
The Ethereum Virtual Machine (EVM) is the software that powers Ethereum smart contracts.
Ripple announced the launch of an EVM-compatible sidechain – a blockchain that operates in parallel with the main XRPL blockchain – on the company’s devnet, where developers may test solutions before they go live on the main network.
Ripple and XRPL might gain because the work developers have previously put into developing Ethereum smart contracts could be exploited in a wholly distinct environment.
The declaration Monday is only the first of three steps in a three-part procedure.
The second phase will begin in early 2023, when the EVM sidechain becomes permissionless, which means that anybody will be able to join it.
The third phase, when Ripple will completely install the software, is scheduled for the second quarter.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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Website: coincu.com
Harold
CoinCu News
Author
Blockchain
Ripple Begins Testing XRP Ledger To Access Ethereum Smart Contracts
Ripple is exploring a method for developers to easily install smart contracts created for the bigger and more popular Ethereum blockchain on its XRP Ledger (XRPL) network.
The Ethereum Virtual Machine (EVM) is the software that powers Ethereum smart contracts.
Ripple announced the launch of an EVM-compatible sidechain – a blockchain that operates in parallel with the main XRPL blockchain – on the company’s devnet, where developers may test solutions before they go live on the main network.
Ripple and XRPL might gain because the work developers have previously put into developing Ethereum smart contracts could be exploited in a wholly distinct environment.
The declaration Monday is only the first of three steps in a three-part procedure.
The second phase will begin in early 2023, when the EVM sidechain becomes permissionless, which means that anybody will be able to join it.
The third phase, when Ripple will completely install the software, is scheduled for the second quarter.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Website: coincu.com
Harold
CoinCu News
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