Ripple Expands XRP Ledger With Ethereum-Compatible Smart Contracts Via Sidechain
Portfolio Pulse from Murtuza Merchant
Ripple is enhancing the XRP Ledger by introducing Ethereum-compatible smart contracts via a new sidechain, significantly expanding its functionality and utility. This integration, facilitated by the Axelar network, will allow XRP to interact with 55 other blockchains, enhancing interoperability and attracting developers familiar with Ethereum's tools.
September 09, 2024 | 12:21 pm
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The XRP Ledger's new sidechain supports Ethereum-compatible smart contracts, allowing developers familiar with Ethereum's tools to work within the XRP ecosystem. This could increase Ethereum's influence and integration in other blockchain ecosystems.
The compatibility of Ethereum's tools with the XRP Ledger through a new sidechain could enhance Ethereum's influence and integration in other blockchain ecosystems, potentially increasing its utility and demand.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 70
POSITIVE IMPACT
Ripple's introduction of Ethereum-compatible smart contracts via a new sidechain on the XRP Ledger is set to enhance its functionality and utility. This move could increase the demand and value of XRP as it becomes more versatile and attractive to developers.
The integration of Ethereum-compatible smart contracts on the XRP Ledger via a sidechain significantly enhances its functionality, making it more attractive for developers and potentially increasing the demand for XRP. This could lead to a positive impact on XRP's price.
CONFIDENCE 95
IMPORTANCE 85
RELEVANCE 90