As an experienced analyst, I see this partnership between Ripple Labs and Evmos as a significant step forward for both XRP Ledger (XRPL) and the broader web3 ecosystem. The creation of an XRP-ledger EVM sidechain using evmOS is a production-ready, modular solution that brings numerous benefits to XRPL developers and the wider community.
Ripple Labs, the recognized leader in cryptocurrency payments, has teamed up with Evmosto, an Ethereum Virtual Machine (EVM) protocol from Cosmos, to develop an XRP-ledger sidechain that is compatible with the Ethereum Virtual Machine.
Ripple and Evmos Organization have teamed up to construct an XRP Ledger sidechain utilizing Evmos – a robust, modular EVM-enabled platform. Evmos, which operates on Cosmos SDK, IBC, and CometBFT, will offer EVM compatibility to businesses in the Web3 sector for the XRPL ecosystem. In essence, the future of XRP Ledger lies within interconnected blockchains.— Cosmos – The Interchain ⚛️ (@cosmos) May 14, 2024
As a analyst, I would describe evmOS as a flexible and fully-featured platform, specifically designed for enterprise-grade Web3 applications and built upon Ethereum Virtual Machine (EVM). By leveraging the Cosmos SDK as its foundation, evmOS empowers projects to expand the functionalities of traditional smart contract systems and tailor their unique logic.
As a researcher exploring the blockchain landscape, I’d describe evmOS as follows: This innovative solution ensures Ethereum Virtual Machine (EVM) compatibility and customizability atop Cosmos SDK. It grants access to Inter-Blockchain Communication Protocol (IBC), enabling connection with over 60 Cosmos SDK chains. Additionally, the XRPL EVM sidechain adheres to industry standards, expanding the interoperable web3 ecosystem by joining forces with it.
As a researcher studying the tech stack for Cosmos SDK’s Ethereum Virtual Machine (EVM) implementation, I can share that this setup offers additional conveniences to facilitate a smoother experience. Among its compatible features are:
According to the article, the evmOS focuses on developing native, cross-chain apps and employs the CometBFT consensus mechanism for its construction. This design offers XRPL developers a level of adaptability that goes beyond the ordinary.
As a member of the interconnected chain network, XRPL is able to function on over 90 interlinked blocks chains. This collaboration fosters harmony and reciprocal gain among different blockchain projects.
Just as the XRP Ledger’s interlinking functionality allows XRPL community members special access to all Cosmos SDK chains, it’s equivalent to obtaining a passport that grants freedom to interact with any chosen application.
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2024-05-16 11:00