On The Xrpl, Ripple Has Just Launched The Test Phase For Ethereum-based Smart Contracts

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Last Updated on October 18, 2022 by Bitfinsider

David Schwartz, Chief Technology Officer (CTO) of Ripple and one of the original architects of the XRP Ledger, gave a presentation in September on his ideas regarding an Ethereum Virtual Machine (EVM) sidechain. Schwartz is also one of the original architects of the XRP Ledger. His plan was to make it possible to execute Ethereum smart contracts on the XRP Ledger (XRPL), with the goal of making it easier for developers to join the platform.

The XRPL ecosystem is currently one step closer to accomplishing this objective than it was yesterday. Peersyst has now implemented and published the first phase of the EVM sidechain for the XRPL on the XRPL Devnet, as was reported by Mayukha Vadari of RippleX Developers. This news was shared on the XRPL Devnet. This makes it possible for developers to use the programming language Solidity, which is widely used for Ethereum, and bring it to the XRPL.

The completion of the first phase of the project has been announced today, marking the end of the first phase and making the EVM sidechain available for testing on the XRPL devnet. It is planned that the second phase of the project will be released as early as the beginning of 2022. This phase will include a permission-free EVM sidechain as well as a bridge that is suitable for testing on a larger scale. The purpose of this endeavor is to conduct scalability tests in a simulated setting.

There is currently no set date for the release of the final phase of phase three. When that time comes, the implementation on the XRPL mainnet will already have been completed.

The Ethereum Virtual Machine (EVM) sidechain will, throughout all three phases, have block and finality times that are comparable to those of the XRPL mainnet. Additionally, it will support Ethereum smart contracts and applications such as Metamask, Remix, and Truffle.

This indicates that developers are now able to test out the EVM sidechain by connecting to the devnet using either the XRPL native XUMM wallet or an Ethereum-based wallet such as MetaMask. Both of these options are available to them.

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