- Ripple is working with Peersyst to develop the XRP Ledger sidechain using evmOS. This modular stack of tech was built on Cosmos SDK.
- XRPL joins the interchain, an ecosystem of over 90 interconnected blockchains and gains access to all Cosmos SDK chains, opening up access to hundreds of apps for XRP holders.
It is important to note that interoperability, which will ultimately determine whether a blockchain network succeeds or not, will play a major role in its future success. In this respect, the XRP Ledger has made a big step forward by building the EVM Sidechain with the Cosmos Software Development Kit, thus giving it a link directly to over 100 connected networks, and thousands dApps.
Ripple is partnering with Evmos for the project, and they will build the sidechain in evmOS. This modular and customizable tech stack allows full compatibility between the Cosmos SDK on top of Ethereum Virtual Machine.
Cosmos (Courtesy on X).
Ripple has been working with Cosmos for several months. Crypto News Flash reported Earlier in the year, a Coreum new bridge enabled users to transfer assets between XRPL and Cosmos.
Their collaboration this time is built using the evmOS. It includes features geared to EVM, such as accessing the dApps store, IBC functionalities, EVM Extensions and more.
Built using the Cosmos SDK on top of the CometBFT Consensus Engine, this tool allows developers to create native cross-chain apps. Its developers claim that it will “offer XRPL developers unseen flexibility in expanding the XRPL EVM sidechain on their terms.”
XRP Ledger Implements EVM to Join the Cosmos Interchain
Interchain is a growing ecosystem of interconnected dApps, blockchains and dApps that Cosmos has launched. XRPL will have access to hundreds of thousands of networks and dApps in more than 90 interconnected blockchains. The XRP Ledger will be able to access a broader range of Web3 apps and networks with the implementation. “passport to all Cosmos SDK chains, allowing its users to interact with any applications they need seamlessly.”
Jasmine Cooper of Ripple DeFi Products commented on the integration and described it as “a “significant milestone in expanding the XRPL ecosystem.”
She also added:
Through the evmOS platform, we are able to offer unparalleled customization and flexibility, enabling developers to develop innovative interchain applications and tap into the immense potential of XRPL. We are confident that leveraging evmOS technology will help accelerate the development of the XRPL sidechain EVM and open up new possibilities for users and developers.
evmOS Outposts will provide additional interoperability to the XRPL sidechain. These gateways allow users to easily connect different blockchains. Users of XRPL can, for example, make swaps seamlessly on Osmosis (a DEX on Cosmos) without changing wallets.
Federico Kunze Kullmer commented on his excitement about the Evmos project. “to bring the XRPL ecosystem to Cosmos via this partnership that will benefit the entire ecosystem.”
Cosmos trade at $8.66, Getting 3.7% XRP gained $1.30 in the past 24 hours. 1.3% Trade at $0.5239.
You may also like:
“This article is not financial advice.”
“Always do your own research before making any type of investment.”
“ItsDailyCrypto is not responsible for any activities you perform outside ItsDailyCrypto.”
Source: www.crypto-news-flash.com