Ripple will add EVM-based smart contracts to its XRPL blockchain
Earlier, the company introduced a new token standard to the blockchain
03.09.2024 - 14:40
92
2 min
0
What’s new? Fintech company Ripple, which developed the payment protocol of the same name and the $32 billion XRP token, will add smart contracts to the XRP Ledger (XRPL) blockchain developer ecosystem. The feature will be launched in the coming months in the XRPL sidechain with support for the Ethereum Virtual Machine (EVM).
What else is known? Smart contracts will also become available on the mainnet, but Ripple has not specified a timeline for implementation.
Smart contracts are programs that process transactions and agreements without the involvement of intermediaries, they are automatically executed when certain conditions are met.
Smart contracts have various use cases and potential applications ranging from decentralized finance (DeFi) to supply chains. They are used to develop decentralized applications (dApps) on popular blockchain platforms such as Ethereum, BNB Chain, Avalanche, and Solana.
Ripple said it is “eager” to collaborate with deFi protocol developers and wants community members to contribute to the development. The organization invited programmers familiar with EVM languages to explore the capabilities of the XRPL sidechain, which Ripple developed with blockchain firm Peersyst.
It was created for developers using Ethereum-based smart contracts. It creates a familiar environment for deploying dApps by allowing the Solidity programming language used to create Ethereum-based smart contracts. This increases the appeal of XRPL to the global developer community.
Earlier, Ripple announced the launch of a new token standard on the XRPL network aimed at tokenized real-world assets (RWAs). MTP tokens will allow metadata to be stored along with the asset, increasing the scalability and flexibility of the network and attracting institutions.
Useful material?
Telegram 
Twitter Mining
Along with this, the company will reduce non-mining business units
Nov 8, 2024
Market
Earlier, Trump promised to include the first cryptocurrency in the country’s reserves if re-elected as president
Nov 7, 2024
Incidents
According to the publication, the platform’s activities fall under the definition of gambling
Nov 7, 2024
Market
According to the founder of TRON, the leading US crypto exchange asked for several hundred million dollars for the listing of TRX
Nov 4, 2024
Incidents
The company conducted fictitious trading for six years to inflate the trading volume of tokens of several companies, receiving payment for these services
Nov 1, 2024
Market
1,5 million addresses have already left applications
Oct 31, 2024
Cryptocurrency rates
-
Bitcoin
$76 134
BTC
-0.03%
-
Ethereum
$3 031.13
ETH
+3.86%
-
BNB Smart Chain
$579.4
BSC
+1.23%
-
Ripple
$0.548692
XRP
-0.1%
-
Dogecoin
$0.204621
DOGE
+5.64%
-
Cardano
$0.439546
ADA
-1%
-
Bitcoin Cash
$381
BCH
+3.48%
-
Polkadot
$4.38
DOT
+1.63%
-
Litecoin
$72.51
LTC
+0.88%
-
Stellar XLM
$0.100408
XLM
-0.83%