XRP Ledger Ethereum Sidechain Welcomes Major Release: Details

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As a seasoned researcher who has witnessed the evolution of blockchain technology over the past decade, I am thrilled to see the progress being made with the XRP Ledger (XRPL) Ethereum Virtual Machine (EVM) sidechain. The v4.0.0 Chain Upgrade is a significant leap forward for the XRPL ecosystem, offering enhanced flexibility and compatibility that promises to revolutionize smart contract capabilities.

The latest version 4.0.0 of the sidechain on the XRP Ledger (XRPL) compatible with Ethereum Virtual Machine (EVM) has been launched. This significant update brings crucial modifications, new features, and advancements to facilitate the debut of the XRPL EVM network.

The v4.0.0 update introduces substantial functionalities to the XRPL EVM network, including the ability to issue and retire native XRP tokens via the Axelar bridge through minting and burning processes. This functionality is made possible by utilizing x/erc20 precompiles, enhancing the flexibility in managing tokens.

🚀 Exciting news! The 4.0.0 release of our XRPL EVM sidechain is out now, bringing significant updates, features, and enhancements to facilitate the network’s launch:

— Peersyst Technology (@Peersyst) November 19, 2024

Similarly, the v4.0.0 update incorporates updated libraries. The Cosmos SDK has been advanced to version 0.50.9 for improved speed and reliability, while Evmos has been upgraded to version 20, encompassing the most recent advancements within the Evmos community.

The XRPL EVM Sidechain, a project jointly developed with Peersyst and soon to go live on the development network, is boosting the smart contract functionalities within the XRP Ledger community. Anticipation for this growth continues into early 2025, as it’s predicted that the programmability of the XRP Ledger will see substantial advancements around that time.

XRPL EVM sidechain expected to go live in months

In the time to come, we anticipate enhanced programmability on the XRP Ledger due to two significant developments:

The upcoming XRPL EVM sidechain is anticipated to offer compatibility with the Ethereum Virtual Machine (EVM) to the XRP community, enabling developers to utilize their preferred development tools and coding languages more comfortably.

One way to rephrase this in a natural, easy-to-read manner is:

The version 4.0.0 update is crucially important and vital for the successful deployment of the XRPL Ethereum Virtual Machine (EVM) network.

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2024-11-19 18:30