Ripple CTO affirms planned launch of Ethereum Virtual Machine (ESV) sidechain on XRP Ledger in Q2.
Laying the Groundwork:
Get ready for some serious blockchain action! The visionary brains behind Ripple, led by CTO David Schwartz, have set the launch date for their highly anticipated Ethereum Virtual Machine (EVM) compatible sidechain for the XRP Ledger (XRPL). You heard that right, without any obstructions, this sidechain is scheduled to drop in the second quarter of the coming year!
At Apex 2025, an exclusive gathering for the XRP community, Schwartz broke the news about the EVM sidechain's debut in the second quarter. More excitingly, he hinted that numerous DeFi platforms such as Strobe Finance, Vertex Protocol, Secured Labs, and Squid Router are jumping on the bandwagon, prepping their apps for this long-awaited launch.
Curious what the buzz is all about? That's where Peersyst Technology comes into play—the innovative developers behind this game-changing sidechain. They dropped the announcement in their latest X post, raising anticipation levels among XRP enthusiasts.
Tracing back to its origin, the EVM sidechain was first announced by Peersyst with a devnet release in October 2022. After a successful run and a stretch of dedicated development, they unveiled the testnet in June 2023.
As for the sidechain's operation, it'll be chugging away right alongside the XRPL, striking a balance between low-cost transaction capabilities and Ethereum's smart contract functionality. This unique blend promises to widen the market spectrum significantly. The sidechain employs Cosmos's evmOS stack, all set to merge Ethereum's smart contracts into XRPL's ecosystem.
Come see the evolution of cryptocurrency up close as the XRPL sidechain prepares to bridge the gap between Ethereum's smart contract ecosystem and XRPL's speedy transaction processing.
For more insights on XRP's role in the U.S. recession and soaring debt, check out: Can XRP Steer the Ship Amid US Recession Amid Rising Debt, CPI Surge Fears?
- The sidechain developed by Peersyst Technology, which is compatible with Ethereum Virtual Machine (EVM) and will be launched on the XRP Ledger (XRPL) in the second quarter of the coming year, is anticipated to attract various DeFi platforms such as Strobe Finance, Vertex Protocol, Secured Labs, and Squid Router, as they prepare their apps for this launch.
- The unique blend of the XRPL sidechain, with its low-cost transaction capabilities and Ethereum's smart contract functionality, is expected to widen the market spectrum significantly, as it employs Cosmos's evmOS stack to merge Ethereum's smart contracts into XRPL's ecosystem.
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