.Ripple is testing a way for developers to deploy smart contracts made for the larger and more popular Ethereum on its XRP Ledger blockchain with little effort. cryptauxmargaux reports $XRP
– a blockchain that runs in parallel with the main XRPL blockchain – is now live on the company’s devnet, which is where developers can test implementations before they go live on the main network.Ripple and XRPL stand to potentially benefit because the work developers have already put into building Ethereum smart contracts could be leveraged in the entirely separate Ripple ecosystem.
The announcement Monday is just the first step of a three-part process. The second phase will go live in early 2023, when the EVM sidechain will become permissionless, meaning anyone can join it. The third phase is slated for the second quarter, when Ripple will fully deploy the software. “Our goal in 2023 is to have an EVM sidechain connected to the XRPL mainnet,” Ripple Chief Technology Officer David Schwartz told CoinDesk. “The bridge in the final solution will be decentralized and all components of the solution will be production ready to handle real world scale and use cases."
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
SEC v. XRP: Ripple Partner TapJets Defends XRP Utility in New Brief to CourtTapJets describes how XRP resolves its 'Friday night problem' in Ripple support brief to court xrparmy xrpsec xrpcommunity ripple ripplexrp $xrp
Read more »
Market Watch: Ripple (XRP) Plummets 12% Weekly While Crypto Market StagnatesRipple was among the best performers lately but has slipped by 13% on a 7-day scale.
Read more »
Arbitrum Builder Offchain Labs Buys Prysmatic Labs, a Core Team Behind Ethereum’s MergeLayer 2 scaling platforms are expanding on the Ethereum ecosystem. OffchainLabs, the firm behind Ethereum layer 2 network Arbitrum, says it is acquiring prylabs, one of the core engineering teams behind the transition to proof-of-stake.
Read more »
Ripple Lawsuit: John Deaton Discusses Key Thing as SEC Fails To Move On Hinman DocumentsXRP vs SEC: John Deaton shares thoughts on Hinman email release RippleXRP XRPCommunity XRPArmy
Read more »
XRP Generates Bullish Divergence as Momentum StallsThe XRP token has seemingly confirmed a bullish divergence, setting the stage for possible recovery
Read more »
Max Keiser Breaks Down Whether He Holds XRP, Aside from BitcoinBitcoin advocate Max Keiser has responded to critics about XRP and whether he holds any altcoins
Read more »