The XRP Ledger is gearing up to incorporate Ethereum’s robust smart contract capabilities through a new side blockchain, expected in the second quarter. This strategic move is set to enhance Ripple’s ecosystem by fusing the efficient transaction capabilities of XRP Ledger with the smart contract prowess of Ethereum. Ripple’s Chief Technology Officer David Schwartz revealed these plans during the ongoing Apex 2025 event, signaling a major development for the cryptocurrency industry.
How is the Side Blockchain Being Prepared?
The development of this parallel blockchain employs the evmOS software stack, with significant contributions from Ripple and its partner, Peersyst. Currently operating on the test network, plans are underway to transition to the mainnet after further tests and validator collaborations slated for the upcoming months.
Although the XRP Ledger already accommodates its own version of smart contracts, it lacks the compatibility with Ethereum’s widely-used environment for decentralized applications. The Flare Network, which complements the XRP Ledger, offers similar functionalities through an EVM-compatible layer, citing the demand and growth potential this integration holds.
What Are the Links and Future Prospects for XRP Ledger?
The side blockchain is poised to connect with the XRP Ledger’s mainnet via a bridge mechanism. This bridge, currently operational on the test network, will use Axelar alongside wrapped XRP, facilitating the movement of assets. Wrapped XRP will play a crucial role as the gas currency for transactions on the new blockchain.
The end goal for developers is to significantly widen the application horizons within XRP Ledger through this side blockchain integration. This will offer a broader platform for EVM-based applications, inviting developers and users from both XRPL and Ethereum ecosystems to explore new possibilities.
– Ripple’s new side blockchain will essentially marry the transaction efficiencies of XRPL with Ethereum’s smart contract capacities.
– A test phase is in process, leading to a mainnet launch anticipated in the second quarter.
– Wrapped XRP will be utilized as the transaction currency within this innovative blockchain setup.
This advancement in blockchain integration signifies a significant leap for XRP Ledger, promising to reshape its operational landscape and extend its reach into the EVM domain. As these developments unfold, Ripple places itself at the forefront of evolving blockchain capabilities, setting a precedent for innovative synergy across distinct blockchain technologies.
