Schwartz is excited to see what people build on the XRPL EVM sidechain.
In a tweet on Monday, Ripple CTO David Schwartz disclosed that he is excited to see what people build on the XRP Ledger (XRPL) Ethereum Virtual Machine (EVM) sidechain.
As per Schwartz’s statements, Ripple and XRPL developers have been working on the sidechain for some time now.
“It’s been some time coming, but we can’t wait to see what dApps you build with an EVM sidechain on XRPL – testing is now live on Devnet! Send us your feedback so we can keep iterating,” Schwartz tweeted.
It’s been some time coming, but we can’t wait to see what dApps you build with an EVM sidechain on XRPL – testing is now live on Devnet! Send us your feedback so we can keep iterating. https://t.co/tHNZWO8K9g
— 𝙳𝚊𝚟𝚒𝚍 𝚂𝚌𝚑𝚠𝚊𝚛𝚝𝚣 (@JoelKatz) October 24, 2022
It is worth noting that Schwartz first disclosed that developers were working on an EVM sidechain in September of last year, summarizing his thoughts in a Twitter thread. At the time, Schwartz believed that bringing Ethereum smart contract capability to the XRPL could lower the barrier of entry for developers looking to build decentralized apps (DApps) with cross-chain interoperability.
— 𝙳𝚊𝚟𝚒𝚍 𝚂𝚌𝚑𝚠𝚊𝚛𝚝𝚣 (@JoelKatz) September 30, 2021
As stated in previous reports, the EVM sidechain promises to combine Ethereum smart contracts with the XRPL’s scalability. Additionally, users stand to access a rich ecosystem of DApps using XRP.
Notably, combined with NFTs, which are also coming to the XRPL via the XLS-20 amendment, the XRPL is quickly becoming a strong Ethereum competitor.
— rü$╫ (@3N0RYM) October 24, 2022
Unsurprisingly, the EVM sidechain development has caught the interest of Gokhstein media founder David Gokhstein, who recently became a firm believer in XRP. In September, the crypto entrepreneur disclosed that he regretted not buying more XRP.
I’m more interested in what Ripple is trying to do with EVM on XRPL.
Smart Contracts. 🤔🍿
— David Gokhshtein (@davidgokhshtein) October 25, 2022
It bears mentioning that the EVM sidechain is currently in the first testing stage. The second stage will see it become a permissionless network, with developers expecting this phase to kick off early next year. Then, notably, the mainnet launch would follow.
Moreover, thanks to the sidechain, users can now hold their XRP on the popular self-custody wallet Metamask.