Ethereum Smart Contracts to find shelter in XRP Ledger

Sahana Kiran
Source – Unsplash

The crypto industry is home to a plethora of networks. While most of them coexist in peace, conflict cannot always be avoided. Similarly, the XRP and Ethereum [ETH] communities haven’t gotten along very well. Despite this, Ripple was seen making room for Ethereum on its XRP Ledger or XRPL blockchain.

Ripple revealed that an Ethereum Virtual Machine [EVM] compatible sidechain was out and about on the firm’s devnet. EVM is nothing but software that manages smart contracts on the Ethereum network. The latest sidechain would reportedly run in parallel with the main XRPL blockchain.

Through this, Ripple is expected to garner permits to prominent decentralized protocols like Uniswap. In addition to this, the network would be able to employ Web3 wallets like XUMM wallet and Metamask.

Elaborating on the same, RippleX software engineer Mayukha Vadari said,

“This milestone means more developers can easily access the XRPL’s feature set (such as its speed, sustainability, and low-cost transactions) and bring Solidity-based smart contracts to the XRPL. As part of the phase 1 launch, we’re also introducing a bridge between an EVM-compatible chain and the XRP Ledger Devnet.”

With this launch, the network negated the need for developers to choose between XRPL or EVM-compatible blockchains. This was because they would entail “the best of both worlds” now.

Furthermore, the first phase of the sidechain is out now. The second phase will witness the emergence of a “permissionless” chain from the EVM-compatible sidechain with increased scalability. This is expected to debut in early 2023.

Ripple x Ethereum leaves the community baffled

As mentioned earlier, the XRP and Ethereum communities haven’t always gotten along. The XRP community has worked tirelessly to include Ethereum in the controversy surrounding Ripple and the Securities and Exchange Commission [SEC] throughout the course of the case.

Back in August Ethereum co-founder Vitalik Buterin was seen having a Twitter feud with Ripple chief technology officer David Schwartz. The Ripple community even believes that the SEC case aided Ethereum in overtaking XRP as one of the most prominent cryptocurrencies after Bitcoin.

Considering these jabs over the years between the two communities, crypto Twitter was quite surprised to witness the latest collaboration.