Ripple is improving the XRP Ledger by adding Ethereum-compatible smart contracts via a new sidechain. This will boost its capabilities beyond simple transactions to accommodate more complicated applications such as decentralized exchanges and token issuance.
This development incorporates the use of the Axelar network for cross-chain token transfers to promote more interoperability and developer involvement. On this sidechain, wrapped XRP, also known as eXRP, acts as the primary currency.
In a move that consolidates the support base of the rather similar XRP coin, Ripple is to introduce sidechain networks that will enable Ethereum-compatible smart contracts on the XRP Ledger.
The CEO discussed the divergence of the reactions of members of the digital asset community regarding Ripple’s statement that it will make another positive change in terms of customization for the ‘builders, entrepreneurs and users’ in the X post by integrating the smart contract capability into
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