This addition is aimed at expanding XRPL’s capabilities, making it more attractive to developers, entrepreneurs, and users.
Ripple, a company specializing in international payments, has announced that the XRP Ledger (XRPL) developer environment will soon receive smart contracts. Ripple claimed that the move will make it possible for users, builders and entrepreneurs to take advantage of a variety of use cases.
This is intended to entice developers to make use of XRPL’s extended capabilities. Ripple has announced the implementation of the smart contracts capability in the XRPL Ethereum Virtual Machine (EVM) sidechain “in the coming months”, this information comes from Ripple.
Furthermore, Ripple stated that smart contracts would also be accessible on the XRPL decentralized platform’s mainnet. On the other hand, the company that provides solutions for cross-border issues stated that it is still in the research phase and did not specify a specific time period for implementation.
A smart contract operates autonomously on the blockchain. In the event that certain requirements are satisfied, they will automatically advance. It is possible to conduct transactions and agreements using programs known as smart contracts, which eliminate the need for intermediaries.
Decentralized finance (DeFi) and supply chains are only two examples of the broad range of use cases and possible applications that smart contracts could accommodate. Developers are currently using this technology to create decentralized applications (DApps) on popular blockchain platforms like Ethereum, BNB Chain, Avalanche, and Solana.
Ripple has stated that they are “eager” to collaborate with DeFi developers and encourage community members to contribute to the design details. Ripple invited a group of programmers, already familiar with EVM languages, to explore the potential on the organization’s sidechain.
Additionally, Ripple stated that they developed the sidechain for developers who use Ethereum-based smart contracts. Solidity, a programming language for Ethereum smart contract construction, offers a familiar environment for the deployment of decentralized applications (DApps).
The sidechain that Ripple and the blockchain company Peersyst developed will integrate smart contracts into the XRPL ecosystem. The organization believes that the new development will help to make the blockchain more appealing to a larger number of developers.
“This sidechain will bring Ethereum Virtual Machine (EVM) compatibility to the XRP community, allowing developers to employ familiar tools and programming languages, thereby broadening the XRP Ledger’s appeal to a global developer community.”
The business also mentioned that the impetus for expanding XRPL’s programmability would further accelerate in 2025 as the organization continued to work with its goal of introducing smart contracts to the mainnet. Ripple published a statement confirming this.
