Ripple Starts Testing A Sidenet To Open Its Doors To Ethereum (ETH) Developers

Ripple is looking for ways to distribute smart contracts from Ethereum (ETH) developers over the XRP Ledger (XRPL) blockchain.

Ripple 17 October In an announcement published on Ethereum Virtual Machine (EVM) currently running parallel to the main Ripple network. in the testnet reported that it is on the air.

In addition, Ripple three gradual of a process first phase declared that. According to the announcement, it is expected to be commissioned in early 2023. second At this stage, the EVM sidechain will become public and third At this stage, Ripple will distribute all the software.

Ripple Chief Technology Officer David Schwartzthe company goal XRPL stated that it is to have an EVM sidechain connected to its mainnet. According to Schwartz’s explanations, in the final version of the network, instead of a central bridge, all components scalable and for different situations can be improved expected to be.

On the other hand, Ripple Labs U.S. Securities and Exchange Commission (SEC) Lawsuit on unauthorized sale of securities with continues.

source site-10