Ripple has just begun a new push to bring an Ethereum-compatible sidechain to the XRP ledger. Check out the latest reports below.
Ripple kicks off a new push
According to the latest reports, developers have begun testing a new sidechain on the XRP Ledger (XRPL) that makes the blockchain compatible with the Ethereum network.
In a blog post from RippleX, which is a community of XRPL developers, the firm stated the fact that blockchain development company Peersyst Technology is currently testing an Ethereum Virtual Machine (EVM) compatible sidechain for XRPL.
As the online publication the Daily Hodl notes, the project aims to allow Ethereum (ETH) developers, who are used to Solidity, the main programming language for writing smart contracts on Ethereum, to access and build on the XRPL network.
RippleX stated the following:
“Many crypto developers today choose to build on Ethereum or EVM-compatible chains because of the popularity of Solidity for programming smart contracts and a robust ecosystem of available developer tools and dApps (decentralized applications). On the other hand, the XRPL appeals to developers because of its speed, low cost, sustainability and other features.”
They continued and said this:
“However, making the XRP Ledger EVM-compatible could undermine its efficiency, scalability, and security. So, instead of forcing developers to choose between chains, Peersyst and Ripple partnered to create an EVM sidechain connected to the main XRPL.”
We suggest that you check out more details about the issue in the original article that was posted by the same online publication mentioned above.
Ripple remittances partner addresses SEC lawsuit
A partner company of payments platform Ripple says the U.S. Securities and Exchange Commission’s (SEC) claims that XRP is an investment contract are not true.
As you know, the SEC and Ripple are not on the best terms these days and this has been going on for a while now,
Check out our previous article for more reports.