RippleX and Peersyst Propel XRP Ledger EVM Sidechain Development

XRP Ledger EVM Sidechain Progress

RippleX has unveiled significant progress in the development of the XRP Ledger EVM sidechain, a collaborative project with blockchain firm Peersyst. As the anticipated launch nears, the XChainBridge public amendment has been published and is open for validator voting, with 7 of the 28 needed votes already cast.

Advanced Development and Auditing

Peersyst has reported that the sidechain is reaching advanced stages of development. Following an initial audit by Bishop Fox, a second audit has been conducted, with results to be shared soon. These audits aim to ensure the robustness and security of the sidechain.

Key Upgrades and Integrations

Recent upgrades include a blockchain update via the Cosmos SDK, allowing validators to soon vote on incorporating Cosmos version 0.47 and Ethereum's EIP3855. A new bridge version is also being developed, enabling automatic bridging of tokens from the EVM sidechain to the XRP Ledger, enhancing connectivity and transaction capabilities.

Enhanced Usability and Developer Tools

A new user interface has been launched to streamline dynamic bridging across sidechains, wallets, and tokens. Additionally, a bridge SDK assists developers in building applications that harness the bridge's capabilities for accessing both networks. The ongoing development of the Blockscout Explorer promises improved UX/UI and additional functionalities for smart contract verification and execution, alongside a dynamic display of dApps.

Upcoming Features

With the release of rippled 2.0, the XRP Ledger introduces XLS-38 Cross-Chain Bridge and XLS-40 Decentralized Identity. These enhancements facilitate seamless movement of XRP and issued tokens between XRPL Mainnet and sidechains, as well as the forthcoming EVM sidechain, paving the way for improved blockchain interoperability.