XRP developers to launch an EVM-compatible sidechain

The Ripple project developers have begun testing EVM-compatible sidechain, designed to extend the XRP Ledger’s functionality with Ethereum smart contracts and to make DeFi applications accessible.

🥁Introducing the first phase of bringing an Ethereum Virtual Machine (EVM) sidechain to the #XRPLedger.

EVM developers, we invite you to experiment with the functionality on Devnet and enjoy the best of Ethereum and XRPL for your #DeFi applications. https://t.co/gdBG8d5Xvl

— RippleX (@RippleXDev) October 17, 2022

The new solution, not yet publicly testable, is being developed by Peersyst. Interaction with the sidechain is currently possible only in the Devnet experimental network.

The second phase of testing is slated to begin in early 2023. Then, according to the developers, the sidechain will become publicly available. It is also expected to include native XRP support.

A mainnet launch is planned for the second quarter of 2023.

Back in March, the company Ripple pledged to allocate 1 billion XRP for the XRP Ledger ecosystem development program.

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