Ripple continues to innovate in the blockchain world and announced its new sidechain project. This exciting development reinforces Ripple's leadership in payment technologies.
XRPL EVM Sidechain: Name and Partner Platform
Ripple announced the name of the new sidechain developed for the XRP Ledger (XRPL) blockchain network as XRPL EVM sidechain. The protocol that will act as a bridge between this sidechain and XRPL will be Axelar. The Axelar platform will convert users' XRP into wrapped XRP (eXRP) and allow transactions on the sidechain to be used as gas fees.
Partnership and Technology: Peersyst and Evmos
XRPL EVM sidechain is developed in collaboration with Ripple and Peersyst and uses evmOS technology designed by Evmos. This new sidechain aims to provide blockchain users with a simpler and more secure experience.
User Experience and Security
Ripple stated that the Axelar platform will increase the level of security while simplifying the user experience. In addition, Ripple shelved the cross-chain bridge idea called XLS-38 and preferred Axelar. Ripple emphasized that Axelar for XRP is simpler and more user-friendly than XLS-38 in the use of inter-blockchain smart contracts.
Future Plans: Real USD Stablecoin
Ripple also announced that it will launch a stablecoin pegged to the dollar. Ripple CEO Brad Garlinghouse announced that the name of this stablecoin will be “Real USD” (RLUSD) and that it can be used on Ripple and Ethereum networks.
These innovations demonstrate Ripple's commitment to maintaining its leadership in the field of blockchain technology and providing better service to its users. With its XRPL EVM sidechain and Real USD stablecoin, Ripple continues to revolutionize the blockchain world.
PLEASE READ CAREFULLY FOR THE GIFT OF 10 DOLLARS.
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So who will benefit?
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I EXPLAIN IN DETAIL.
My brothers and sisters who have become a Binance member without reference, please listen carefully;
When you do what I say, you will receive 10 USDT.
Enter the Futures Section from your application,
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The first 1,000 brothers to open a 200 USDT transaction by MAY 1 will receive a 10 USDT reward.
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WHEN WILL THE AWARD COME?
Your 10 dollar reward will arrive in the REWARDS section of your Binance application within 30 days, starting from May 1st. By activating it from there, you can use your reward of 10 dollars, or more than 300 liras, in futures transactions.
You can help your friends in need by sharing this post.
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