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Ripple Adds Ethereum-Compatible Smart Contracts

September 3, 2024

Ripple Unicorn News - September 03, 2024

Ripple is set to introduce Ethereum-compatible smart contracts on the XRP Ledger via a new sidechain. This integration aims to expand the functionality of the XRP Ledger, enabling complex applications such as decentralized exchanges and token issuance.

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( 00:00:33 ) Ripple to Introduce Ethereum-Compatible Smart Contracts on XRP Ledger

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Ripple has announced the integration of Ethereum-compatible smart contracts into the XRP Ledger via a new sidechain. This development will leverage the Axelar network for cross-chain token transfers, with Wrapped XRP (eXRP) as the primary token. The XRPL EVM sidechain will bring Ethereum Virtual Machine compatibility to the XRP community, enabling complex applications like decentralized exchanges and token issuance. This move aims to attract a global developer community by allowing the use of familiar Ethereum tools and programming languages, thereby expanding the functionality and appeal of the XRP Ledger.

Sources

1 https://www.coindesk.com/markets/2024/09/03/ripple-will-soon-add-ethereum-compatible-smart-contracts-to-xrp-ledger/

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