seach-icon
  • user-img

    QONEQT in Crypto News

    18-Oct-2022 10:30 AM


    thumbnail

    Ripple wants to bring Ethereum smart contracts to the XRP Ledger

    Ripple users may be able to interact with Ethereum-compatible decentralized applications (DApps) in the future following the launch of a test phase of Ripple’s new XRP Ledger sidechain.

    Tomorrow we will publish a user guide for all #XRPLcommunity to use and test the #EVMsidechain and create their $XRP accounts on @MetaMask — Peersyst Technology (@Peersyst) October 17, 2022 Vadari noted that the first phase of the EVM sidechain is now currently available for testing on the XRPL Devnet.
    Vadari said the aim is to achieve block times similar to that of the XRP Ledger for the second phase, which looks set to roll out in early 2023.

    “The end goal is phase three: a permissionless EVM sidechain and bridge available on the XRPL Mainnet,” she added.
    The latest announcement comes amid a nearly two-year long lawsuit against Ripple by the U.S. Securities Exchange Commission (SEC), which has arguably affected the adoption and development of the global settlement network.
    Ripple also continues to make moves in the Central Bank Digital Currency (CBDC) space since it first piloted a CBDC Private Ledger for banks in Mar. 2021 — having most recently partnered with The Royal Monetary Authority of Bhutan in Sept. 2022.
    Source: Cointelegraph
    #Ripple