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RippleX Introduces EVM Side Chain to XRP Ledger

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RippleX Introduces EVM Side Chain to XRP Ledger

On March 15th, RippleX, the open platform of Ripple Network, tweeted yesterday that the EVM side chain was available on the test network and brought various Web3 applications to the XRP Ledger community. Its Ethereum Virtual Machine Sidechain (EVM Sidechain) connects directly to the network through an XRP Ledger (XRPL) bridge, and supports processing up to 1000 transactions per second.

RippleX: EVM compatible XRPL side chain available on test network

Analysis based on this information:


RippleX, the open platform of Ripple Network, introduced the Ethereum Virtual Machine Sidechain (EVM Sidechain) to the XRP Ledger community on March 15th. This introduction will enable the XRP Ledger to support Web3 applications, offering new opportunities and functionality for its users. The EVM Sidechain allows developers to create and launch decentralized applications, such as smart contracts, on the XRP Ledger using the Solidity programming language.

The EVM Sidechain connects to the XRP Ledger through an XRPL bridge, enabling the XRP Ledger to act as a secure and decentralized intermediary between Web3 applications and the Ethereum network. This effectively eliminates the need for traditional intermediaries like central exchanges, reducing fees and increasing efficiency.

Moreover, the EVM Sidechain supports a processing rate of up to 1000 transactions per second, making it much faster than the Ethereum network. This significantly improves the scalability of the XRP Ledger, which was already capable of handling high transaction volumes.

With the integration of the EVM Sidechain, the XRP Ledger becomes a more versatile and robust platform with the potential to expand beyond its primary use case as a digital asset exchange. Indeed, with the support of Web3 applications, the XRP Ledger may soon offer secured and decentralized financial services such as lending, borrowing, and insurance.

In conclusion, RippleX has further improved the XRP Ledger platform by introducing the EVM Sidechain. This advancement offers the XRP Ledger community an expanded range of opportunities and functionality, as well as faster and more efficient transactions. The XRP Ledger may well become a major player in decentralized finance, thanks to these innovations.

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