RippleX developers currently test an Ethereum-compatible sidechain, and a bridge to connect it with the XRP Ledger’s Mainnet. Peersyst, a blockchain software company, has launched an Ethereum compatible sidechain on the XRP Ledger’s devnet.
RippleX and Peersyst announced Monday. Developer networks are independent from the main blockchain network or mainnet and can be used to troubleshoot and test new technologies.
The Ethereum-compatible sidechain to XRPL has been made available, although it is still in its early stages. The sidechain uses Solidity as its coding language. This code is the same one that is used to program apps and smart contracts on the Ethereum blockchain and other Ethereum Virtual Machines (EVM) like Avalanche. The XRPL sidechain, however, utilizes XRP as its currency.
Mr. Schwartz, the CTO of Ripple stated over a year ago that an EVM-compatible chain for the XRPL was being developed.
“Sidechains allow developers to tailor the chain to their needs,” Schwartz wrote previously on Twitter. He also stated that “Bringing Ethereum smart contract to the XRPL could lower barriers for developers to create powerful DeFi apps with crosschain interoperability.”
Ripple wants to do more than enable an Ethereum-based smart contract. It launched its XLS-20 NFT protocol on its developer network in January. This allows developers to launch NFTs directly onto XRPL’s mainnet. The approval of the XLS-20 technology allowed it to be released on the XRPL mainnet September 13.
There has been created a bridge between the two networks so that those who wish to move assets between XRPL’s EVM sidechain (or its main ledger) can do so. It is still in its early stages.
Why not make XRPL’s mainnet EVM compatible? Ripple Software Engineer Mayukha Vadari wrote Monday that such a move could “undermine its efficiency, security, and scalability.
Vadari also revealed that the second phase in the EVM sidechain project will take place early next year. Phase three will bring EVM chains to the XRPL mainnet at a date yet undetermined. Decrypt did not respond immediately to our request for comment.