- Ripple has announced a strategic partnership with Peersyst to enhance the capabilities of the XRP Ledger (XRPL) EVM sidechain.
- The collaboration will utilize evmOS, a technology stack provided by Evmos, to refine and advance the sidechain, which is currently under development.
- By integrating evmOS, Ripple aims to instill EVM compatibility and enhance customization options within the platform.
Ripple partners with Peersyst to bolster the XRPL EVM sidechain using evmOS, a move that promises to enhance compatibility and customization options within the platform.
Ripple and Peersyst: A Strategic Partnership
Ripple’s strategic alliance with Peersyst is set to bolster the capabilities of the XRPL EVM sidechain. The focus of the collaboration is the harnessing of evmOS, a modular technology stack provided by Evmos. This technology is expected to refine and advance the sidechain, which is currently in its developmental phase.
The Role of evmOS
By incorporating evmOS, Ripple aims to instill EVM compatibility and enhance customization options within the platform. Constructed on the Cosmos SDK, evmOS grants access to a multitude of chains through the Inter-Blockchain Communication Protocol. This integration aligns the XRPL EVM sidechain with industry norms and broadens its connectivity within the wider ecosystem.
Benefits of the Integration
EvmOS offers an array of features and modules tailored for EVM implementation on the Cosmos SDK platform. The XRPL EVM sidechain stands to benefit from seamless interoperability with diverse blockchain networks, facilitating the smooth transfer of assets and information flow. Moreover, the introduction of evmOS Outposts will further enrich the interoperability of the XRPL EVM sidechain. These Outposts function as gateways, linking various blockchain networks and simplifying user interactions by streamlining complex functionalities.
Impact on the XRP Community
Through XRPL’s integration into the interchain ecosystem, users gain access to a network spanning over 90 interconnected chains, thereby amplifying the platform’s versatility and potential applications. As Ripple and Peersyst collaborate to leverage evmOS for the XRPL EVM sidechain, the XRP community eagerly awaits the promising impact of this partnership on their preferred crypto project as a whole.
Conclusion
This strategic partnership between Ripple and Peersyst promises to enhance the capabilities of the XRPL EVM sidechain, offering increased compatibility and customization options. The integration of evmOS will also facilitate seamless interoperability with diverse blockchain networks, enhancing the platform’s versatility and potential applications. The XRP community looks forward to the positive impact this collaboration will have on their preferred crypto project.
