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21 May 2024
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Ripple Lands New Partner To Build XRP Ledger EVM Sidechain



Renowned crypto payment platform Ripple Labs Inc has signed a partnership deal with Evmos, an  Ethereum Virtual Machine (EVM) chain built with the Cosmos SDK. Per the deal, the duo plans to build an EVM sidechain for XRP Ledger (XRPL).

XRPL Joins Interchain 

According to Cosmos, the sidechain will be built with evmOS, a modular and customizable tech stack designed by Evmos. This alliance to build a sidechain with Evmos is already in Devnet and would involve core developer Peersyst Technology.  Aside from Cosmos SDK, Evmos also utilizes Inter-Blockchain Communication Protocol (IBC), and CometBFT. These advanced protocols are all geared toward bringing EVM compatibility to Web3.0 businesses.

Markedly, evmOS bring access to over 60 Cosmos SDK chains via the IBC. This upcoming XRP Ledger EVM sidechain is very compatible with industry standards.  Additionally, it is joining the Interchain, known to be one of the most versatile in the Web3.0 ecosystem.

This tech stack has other features and modules that are focused on facilitating the implementation of the EVM for Cosmos SDK. Amongst its compatible features are IBC functionality, EVM extensions, access to the dApp Store, and complete customizability. Pulled together, all these presents evmOS as more than just lines of code but rather a ready-to-launch solution  designed to cater to everyone.

“The evmOS stack prioritizes native, cross-chain applications and is built with the Cosmos SDK, running on the CometBFT consensus engine,” Cosmos wrote in a blog post. “The modular nature of evmOS will offer XRPL developers unseen flexibility in expanding the XRPL EVM sidechain on their terms.”

XRP Ledger Pushes For Community Satisfaction 

For XRP Ledger, this marks a significant move towards bringing its community members, Decentralized Applications (dApps), and liquidity to a network of more than 90 interconnected chains. Noteworthy, the interchain now pride itself as a vibrant and dynamic network that fosters synergy among diverse blockchain projects.

Similarly, bringing XRP Ledger to the interchain makes it possible for XRPL community members to gains a passport to all Cosmos SDK chains. Ultimately, this provides users with freedom to interact with any application of their choice.

This EVM push comes only a few months after XRPL welcomes Xahau Ledger, a smart contract sidechain. Like evmOS, the Xahau Ledger also came with some features that allow building things with everyday life utility.

The XRPL ecosystem is keen on improving its platform to cater to its users and compete in the growing DeFi world.

Read More: Ethereum ETFs Risk Denial By SEC, Bloomberg Analyst Warns

 

The post Ripple Lands New Partner To Build XRP Ledger EVM Sidechain appeared first on CoinGape.

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