Vet, a prominent validator on the XRP Ledger (XRPL), recently highlighted a user-friendly interface that seamlessly connects XRP to the EVM sidechain on the devnet. This recent development showcases the progress made behind the scenes in launching the XRPL bridge and the EVM sidechain to the public. These products are expected to enhance interoperability within the XRPL ecosystem.
In a recent post, Vet confirmed his intention to bridge XRP tokens to the EVM sidechain on the devnet, praising the convenience of the user interface. He plans to deploy a smart contract on the sidechain once the XRP is successfully bridged to the chain.
The EVM sidechain, when officially launched, will enable developers to build and launch Ethereum-based smart contracts for the XRPL. This functionality will strengthen the XRPL DeFi ecosystem, which is already growing with the introduction of the AMM functionality and the upcoming native lending protocol.
Vet mentioned that deploying a smart contract on the EVM sidechain will be his first attempt. However, these features are currently only available on the devnet and not accessible to the public. Nevertheless, this sneak peek into the functionality has generated excitement among supporters.
Media personality Zach Rector also reacted positively to the preview, expressing optimism about the expansion of the XRPL DeFi ecosystem.
The XRPL EVM sidechain, a collaboration between Ripple and Peersyst Technology, aims to establish a crucial link between the XRP Ledger and the Ethereum decentralized applications (dApps) ecosystem. The sidechain is designed for speed and security, supporting up to 1,000 transactions per second with a quick block finalization time of only 5 seconds. It utilizes CometBFT, a variant of Tendermint.
Currently, the EVM sidechain is not available on the XRPL mainnet but is connected to the XRPL devnet for development purposes. This allows developers and validators within the XRPL community to explore and test its functionalities before its official release. The sidechain has undergone a comprehensive audit by Bishop Fox, confirming its readiness for deployment pending necessary consensus.
To connect the XRPL and the EVM sidechain, Ripple has introduced the XLS-38 amendment, which includes the XChainBridge. However, the amendment has not yet received validator consensus.
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