Ripple Begins Testing XRP Ledger To Access Ethereum Smart Contracts
The Ethereum Virtual Machine (EVM) is the software that powers Ethereum smart contracts.
Ripple announced the launch of an EVM-compatible sidechain – a blockchain that operates in parallel with the main XRPL blockchain – on the company’s devnet, where developers may test solutions before they go live on the main network.
Ripple and XRPL might gain because the work developers have previously put into developing Ethereum smart contracts could be exploited in a wholly distinct environment.
The declaration Monday is only the first of three steps in a three-part procedure.
The second phase will begin in early 2023, when the EVM sidechain becomes permissionless, which means that anybody will be able to join it.
The third phase, when Ripple will completely install the software, is scheduled for the second quarter.
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