The XRP Ledger (XRPL) is almost ready for the launch of its much anticipated Ethereum Virtual Machine (EVM) compatible sidechain, according to developers working on the project.
The project aims to allow Ethereum (ETH) developers, who are used to Solidity, the main programming language for writing smart contracts on Ethereum, to access and build on the XRPL network.
Development firm Peersyst Technologies says on the social media platform X that the new sidechain is waiting for a few components to come together, such as its XChainBridge which is currently being voted on by validators.
The bridge aims to allow users to automatically bridge any token from the sidechain onto the XRPL.
Peersyst also says that the sidechain, which is “more advanced than ever” and has already been audited by security firm Bishop Fox, is going through a second audit with “a recognized supplier” that will be published soon.
The firm also says that a new version of blockchain explorer Blockscout is being built for the sidechain.
According to Ripple, some highlights of the EVM sidechain include:
- Support for 1000 transactions per second, enabling large loads and throughput.
- Low transaction confirmation times, producing a block every 5 seconds.
- 1 block finalization time; once a block is added to the chain and confirmed, it’s considered final.
- Full Ethereum Virtual Machine (EVM) compatibility, enabling you to connect your wallet and interact with or deploy smart contracts written in Solidity.
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Featured Image: Shutterstock/Natalya Yudina/INelson
The post XRP Ledger Now Closer Than Ever To Ethereum Compatibility As Second Audit Nears Completion: Developers appeared first on The Daily Hodl.
