Ripple XRP Developers have begun testing a new sidechain on the XRP Ledger (XRPL) that will make XRPL compatible with the Ethereum (ETH) blockchain.
In a recent post from RippleX, a community of XRPL developers, the firm says that blockchain development company Peersyst Technology is currently testing an Ethereum Virtual Machine (EVM) compatible sidechain for XRPL. The goal for this project is to allow Ethereum (ETH) developers, who are used to programming smart contracts via the language Solidity, to access and build applications and contracts on the XRPL network compatible with Ethereum.
“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.“
The post continues to say “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.”
The project plans to conclude with a permission-less EVM sidechain and bridge available on the XRPL Main-net slated to follow. The blockchain development company ‘Peersyst‘ also added “The EVM sidechain uses XRP as its native token. You don’t need any other currency to access it. Built with the powerful Tendermint protocol, and carefully customized for the XRP Ledger, it allows to achieve around 1,000 transactions per second using the Ethereum Virtual Machine.”