Major Ripple News: XRP Ethereum Sidechain Set to Launch Soon

The post Major Ripple News: XRP Ethereum Sidechain Set to Launch Soon appeared first on Coinpedia Fintech News

In a Twitter thread, Peersyst Technology has shared the latest developments regarding the eagerly anticipated XRP Ledger (XRPL) EVM sidechain. The comprehensive update encompasses significant developments like the XChainBridge public amendment, progress on the XRPL EVM sidechain, and more! 

1. XChainBridge Public Amendment

The XRPL community has reached a landmark moment with the XChainBridge public amendment published by Ripple Developers. Currently waiting for validators’ approvals, this amendment is significant for the launch of the XRPL EVM sidechain.

2. XRPL EVM Sidechain Progress

The XRPL EVM sidechain has undergone substantial development, with audits by Bishopfox and another reputable supplier whose name is yet to be disclosed. Validators will soon vote on an upgrade, including Cosmos v.0.47 and Ethereum’s EIP3855, reflecting the ongoing commitment to innovation within the XRPL ecosystem.

3. XChain Bridge Enhancements

The XChain Bridge is set to introduce a new version that will allow automatic and dynamic bridging of existing tokens between the EVM sidechain and the XRPL Mainnet. This functionality opens new gateways for the XRPL community, facilitating seamless transactions and utilization of XRPL Mainnet functionalities.

4. New UI and Bridge SDK

A user-friendly interface has been implemented to enhance usability and support dynamic bridging between sidechains, wallets, and tokens. For developers, a bridge software development kit (SDK) has been introduced, simplifying application development that leverages the bridge for dual-network benefits.

5. Upgraded Blockscout Explorer

The latest version of the Blockscout Explorer is in development, promising an improved user experience (UX/UI) and additional functionalities for smart contract verification and execution. The explorer will feature a dynamic view of decentralized applications (dApps), fostering a more interactive and engaging XRPL EVM sidechain experience.

6. Community Engagement

Peersyst encourages community engagement, inviting suggestions for projects or dApps to be deployed on the XRPL EVM sidechain. The company also provides regular updates on the XRPL EVM sidechain via its Twitter handle and Discord server.

In summary 

Peersyst Technology, in collaboration with Ripple Developers, continues to bring advanced updates to the XRPL ecosystem, as the XRPL EVM sidechain is a product of their commitment to innovation.