Ripple Begins Testing XRP Ledger Sidechain That’s Compatible With Ethereum Smart Contracts

This is the first step in a three-part process to introduce an EVM-compatible sidechain to the XRP Ledger mainnet.

AccessTimeIconOct 17, 2022 at 1:00 p.m. UTC

Margaux Nijkerk reports on blockchain protocols with a focus on the Ethereum ecosystem. A graduate of Johns Hopkins and Emory universities, she has a masters in International Affairs & Economics. She holds a very small amount of ETH and other altcoins.

Ripple is testing a way for developers to deploy smart contracts made for the larger and more popular Ethereum on its XRP Ledger (XRPL) blockchain with little effort.

The Ethereum Virtual Machine (EVM) is the software that runs smart contracts on Ethereum. Ripple said an EVM-compatible sidechain – a blockchain that runs in parallel with the main XRPL blockchain – is now live on the company’s devnet, which is where developers can test implementations before they go live on the main network.

Ripple and XRPL stand to potentially benefit because the work developers have already put into building Ethereum smart contracts could be leveraged in the entirely separate Ripple ecosystem.

The announcement Monday is just the first step of a three-part process. The second phase will go live in early 2023, when the EVM sidechain will become permissionless, meaning anyone can join it. The third phase is slated for the second quarter, when Ripple will fully deploy the software.

“Our goal in 2023 is to have an EVM sidechain connected to the XRPL mainnet,” Ripple Chief Technology Officer David Schwartz told CoinDesk. “The bridge in the final solution will be decentralized and all components of the solution will be production ready to handle real world scale and use cases."

DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

CoinDesk - Unknown

Margaux Nijkerk reports on blockchain protocols with a focus on the Ethereum ecosystem. A graduate of Johns Hopkins and Emory universities, she has a masters in International Affairs & Economics. She holds a very small amount of ETH and other altcoins.

CoinDesk - Unknown

Margaux Nijkerk reports on blockchain protocols with a focus on the Ethereum ecosystem. A graduate of Johns Hopkins and Emory universities, she has a masters in International Affairs & Economics. She holds a very small amount of ETH and other altcoins.