Ripple enhances XRPL with Evmos for interchain capabilities

Ripple, jointly with Peersyst, will utilize evmOS to improve the XRP Ledger (XRPL) EVM sidechain, which is currently positioned within Devnet. 

The XRPL EVM sidechain will be created using evmOS, a flexible and custom-made tech stack provided by Evmos. evmOS brings about EVM adaptability on the Cosmos SDK and can connect more than sixty SDK chains through the inter-blockchain communication protocol (IBC). 

evmOS has an array of features related to the EVM execution for the Cosmos SDK. These include factors like IBC activity, EVM extensions, and the availability of the dApp Store. The evmOS stack leans towards conventional and cross-chain apps created along with the Cosmos SDK and functioning on the CometBFT consensus engine. The flexibility of evmOS will help in growing the XRPL EVM sidechain.

Introducing XRPL to interchain will be akin to linking its user base, dApps, and liquidity to a network with more than ninety interlinked chains. The XRPL community can access every Cosmos SDK chain, enabling its users to engage with every app they require effortlessly. 

evmOS Outposts will help improve the interoperability of the XRPL EVM sidechain. Outposts link various blockchain networks and initiate asset shifting amongst themselves. XRPL users will be provided the option of carrying out swaps on Osmosis via a single transaction.

The XRP Ledger is a decentralized L1 blockchain engaged in tokenizing and exchanging crypto conventional and real-time assets. It is duly boosted by XRP, a cryptocurrency meant for making payments. 

Peersyst is a blockchain-oriented technology company that offers various industry services. 

Evmos, on the other hand, is an interoperable EVM blockchain meant for cross-chain dApp creation. It comes with revolutionary features like Outposts, the Evmos dApp Store, and more.

David Cox

David is a finance graduate and crypto enthusiast. He projects his expertise in subjects like crypto and Blockchain while writing for CryptoNewsZ. Being from Finance background, he efficiently writes Price Analysis. Apart from writing, he actively nurtures hobbies like sports and movies.

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