Ripple to Introduce Ethereum-Compatible Smart Contracts on XRP Ledger via New Sidechain

Quick Summary:

Ripple Ethereum-compatible smart contracts XRP Ledger integration marks a significant development in the blockchain space as Ripple introduces a new sidechain that enables Ethereum-compatible smart contracts on the XRP Ledger.

Interoperability and Cross-Chain Applications: The use of Axelar for cross-chain token transfers positions the XRP Ledger as a more interoperable network, capable of interacting with other blockchains.

Increased Developer Interest: By making the XRP Ledger compatible with Ethereum, Ripple is likely to attract more developers to its ecosystem.

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Article Details

Author / Journalist: Ishu Aggarwal

Category: Crypto

Markets: India

Topics: Ripple Latest News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-03 @ 14:53:00 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 442 words

Reading Time: 3 minutes read

Sentences: 20 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BitcoinWorld

News ID: 22349300

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About BitcoinWorld

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Official Website: bitcoinworld.co.in

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News Last Updated: 9 hours ago

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