XRP Ledger plans to introduce an Ethereum Virtual Machine (EVM) Sidechain in the second quarter: one step towards Ethereum compatibility

XRP Ledger plans to introduce an Ethereum Virtual Machine (EVM) Sidechain in the second quarter: one step towards Ethereum compatibility
XRP Ledger prepares EVM-SIDECHAIN: A step towards Ethereum compatibility
The XRP Ledger faces significant further development: In the second quarter of 2024, an Ethereum Virtual Machine (EVM) Sidechain is introduced. This innovation is an important step towards improved interoperability with Ethereum.
The introduction of the EVM-Sidechain allows developers, Smart Contracts and dapps programmed for the Ethereum platform, also to use in the XRP Ledger. This compatibility could have the potential to expand access to defi and NFT applications and to make the use of the XRP Ledger more attractive for developers.
The EVM-SIDECHAIN will make it possible to seamlessly integrate the flexibility and functionality of Ethereum into the XRP ecosystem. This is significant progress because the integration of the two platforms could open up many new possibilities for users and developers. It remains to be seen which innovative applications and projects will arise on this new infrastructure.
Overall, the introduction of the EVM-SIDECHAIN is an important development step for the XRP Ledger, which pursues the goal of further promoting blockchain technology and promoting cooperation between different platforms.