What is undoubtedly a major development for the Network, Ripple XRP Ledger is preparing to include Ethereum compatible smart contracts. In fact, smart contracts for XRP will be added as a separate change. The new smart contracts will be a key part of the expansion of functionality for more sophisticated applications, such as decentralized exchanges.
This move has a major impact on the XRP Token. The fundamentals of XRP, the native asset, and Ripple’s network will improve. It could also impact the price. The token’s price has been impacted by the crypto market for much of August.
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The Ripple Blockchain will be integrated with Ethereum smart contracts
XRP was struggling for much of the past month. The asset is not living up to its immense potential. But it looks as though things are beginning to turn around. The token’s price has risen 2.3% in the last day, trading over $0.56. CoinMarketCap.
Ripple’s recent announcements are likely to have influenced this. Ripple announced that Ethereum smart contracts would be added to the XRP Ledger. It is yet another positive step in the development of blockchain technology.
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Smart contracts allow for automated responses, which are essential to any Blockchain transaction. The transactions are enhanced by these contracts. Additionally, they are able to issue tokens, perform a transaction, or formulate their own own DEX Exchange.
“Progress towards smart contract functionality is already underway in the XRP Ledger ecosystem with the XRPL EVM sidechain,” Ripple is a term used to describe a ripple. press release. “This sidechain will bring Ethereum Virtual Machine (EVM) compatibility to the XRP community,” Additions to the list include:
Additionally, it said that the company will provide developers with familiar languages and programming tools. The company is working on a broadening of the scope. “the XRP Ledgers appeal to a global developer community.”
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Source: watcher.guru