XRP developers will launch an EVM-compatible sides
The developers of the Ripple project began testing the EVM-compatible Sidchane, designed to expand the functionality of the XRP Ledger with Ethereum smart contracts and make it available to Defi applications.
🥁 Introduction The First Phase of Bringing An Ethereum Virtual Machine (EVM) Sidechain to the #xrpledger.
Evm Developers, We Invite You to Experiment with the Functionly on Devnet and Enjoy The Best of Ethereum and Xrpl for Yoor #DEFI Applications. https: // t.Co/GDBG8D5XVL
– Ripplex (@ripplexdev) October 17, 2022
The new solution, still inaccessible to public testing, is being developed by Peersyst. It is possible to interact with the sidechandom only in the experimental network Devnet.
The second stage of product testing will begin in early 2023 The Norwegian Parliament . Then, according to the developers, Sidchan will become a public. It should also support the support of the native asset Ripple – XRP.
The launch of the decision on the main network is scheduled for the second quarter of 2023.
Recall that in March, Ripple promised to allocate 1 billion XRP for the XRP Ledger ecosystem development program.
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