Peersyst and Ripplex Start test network for Ethereum-compatible EVM-SIDECHAIN ​​on XRP Ledger-pioneer for Defi, NFTS and exciting new possibilities in blockchain interperability!

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peerssyst and ripplex bring EVM-SIDECHAIN ​​for XRP Ledger into the test network

The blockchain development company Peersyst Technology has announced the official start of the testnets of the XRPL EVM Sidechain . This project is an important step in the further development of the XRP Ledger. In cooperation with ripplex , axelar network and the blockchain research company Common Prefix , the new Ethereum-compatible side

test network has started - a new era for XRP

peerssyst has announced on social media: "The waiting time is over ... The XRPL EVM SIDECHAIN ​​is now live on the testnet! A huge milestone with which we have laid the basis for the soon to start.

In the coming days, further announcements from Peersyst are expected, including new partners, infrastructure and validators.

Integration of metamask and cross-chain-bridge

developer can integrate the EVM-Testnet directly via the XRPLEVM.ORG metamask . In addition, a faucet is available to get test tokens quickly-further access is possible via the discord community .

An outstanding feature is the cross-chain-bridge , operated by squid router , which enables seamless transmissions between the main chain (XRPL) and the EVM-IDECHAIN. This represents significant progress for defi and NFT applications. Peersyst calls on developers to migrate their projects from Devnet into the test to test them under realistic conditions. The associated documentation is available under docs.xrplevm.org

Ethereum functionality on XRP-based

The XRPL EVM Sidechain uses the Cosmos SDK and supports the Ethereum Virtual Machine (EVM) completely by the EVMOS stack . The proof-of-authority (POA) consensus mechanism ensures low latency and high performance without impairing the safety advantages of the XRP Ledger.

technical highlights:

  • Compatibility with Solidity, Metamask, Truffle, Remix
  • finality under 4 seconds
  • significantly lower fees than on Ethereum
  • full axelar integration for cross-chain communication
  • bft-consensus via Cometbft (formerly tendermint)

Due to these developments, developers can carry out Ethereum-Smart-Contracts on XRP-based, which includes increased speed, lower costs and complete interoperability.

link from tradfi, defi and web3

With the EVM-SIDECHAIN ​​project, a connection between the payment infrastructure and liquidity of the XRP Ledger and the flexibility of Ethereum is established. This enables:

  • cost-efficient dapp development
  • cross-chain-defi protocols
  • NFT platforms with global access
  • automated processes for digital assets

Peersyst stated that the project is in the hot phase before the Mainnet start . More partnerships, new validators and infrastructure integrations will soon be announced.

In summary, the XRPL EVM Sidechain opens the XRP ecosystem Access to Ethereum-compatible smart contracts , dynamic dapp growth and real blockchain interperability . Developers, investors and web3 projects is a unique combination of speed, low fees and global range .