Fast Facts
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Launch: Ripple’s XRPL EVM Sidechain is now live on mainnet, offering a robust platform for EVM-based applications.
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Compatibility: The sidechain supports full EVM compatibility, featuring integration with Solidity, MetaMask, and Hardhat, enhancing developer access.
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Performance: It boasts a rapid block time of 3.4 seconds and over 1,000 TPS, utilizing XRP as its native gas token.
- Network Features: The sidechain focuses on compliance and operates with a network of over 25 validators, primarily from corporate entities, enhancing security and efficiency.
Ripple Launches XRPL EVM Sidechain Mainnet
Ripple announced that the long-awaited XRPL EVM Sidechain is now live on the mainnet. This development marks a significant milestone for the XRP ecosystem.
Firstly, the sidechain features full Ethereum Virtual Machine (EVM) compatibility. Developers can use familiar tools like Solidity, MetaMask, and Hardhat. Consequently, this lowers barriers to entry for many creators in the blockchain space.
Additionally, the sidechain employs a Proof of Authority (PoA) consensus mechanism. It boasts over 25 validators, ensuring security and reliability. With a block time of just 3.4 seconds and over 1,000 transactions per second (TPS), the XRPL EVM Sidechain offers impressive performance.
Importantly, XRP serves as the native gas token for the sidechain. This integration allows users to leverage the benefits of XRP while accessing the sidechain’s features.
David Schwartz, Ripple’s CTO and co-creator of the XRP Ledger, emphasized its advantages. He stated, “The XRPL EVM Sidechain introduces a flexible environment for developers to deploy EVM-based applications, while maintaining a connection to the XRPL’s efficiency.” His comments highlight the sidechain’s potential to enhance the existing ecosystem without sacrificing reliability.
What exactly is the XRPL EVM Sidechain? It is a secure and speedy network connected to the main XRP Ledger via the Axelar bridge. This relationship expands user options. Although it functions as a separate entity, it offers compatibility advantages for native XRPL developers.
Furthermore, the sidechain prioritizes compliance. It features a robust network of validators, mainly from corporate entities, which adds to its stability. Notably, users will find its block times much faster compared to those of Ethereum’s main chain.
Overall, the launch of the XRPL EVM Sidechain signifies a pivotal moment in technology development. It enhances the XRP ecosystem while encouraging innovation and collaboration among developers.
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