365Crypto
Ripple is adding smart contracts to the XRP Ledger (XRPL) to attract developers and expand its ecosystem. The smart contracts feature will launch on the XRPL Ethereum Virtual Machine (EVM) sidechain in the coming months, with future plans for mainnet integration, though no specific timeline was provided.
Smart contracts, which automate agreements on the blockchain without intermediaries, have broad applications in areas like decentralized finance (DeFi) and supply chains. Ripple is keen to collaborate with DeFi developers and invites input from the community, especially those familiar with Ethereum-based smart contracts.
Ripple’s EVM sidechain was developed with blockchain firm Peersyst, enabling developers to use familiar tools and programming languages like Solidity, which is used for Ethereum smart contracts. This move aims to make the XRPL more appealing to global developers by offering compatibility with Ethereum’s ecosystem.
Ripple believes these developments will boost XRPL’s capabilities, positioning it as a strong competitor in the blockchain space. The company expects the momentum around XRPL programmability to accelerate in 2025 as it continues to work toward bringing smart contracts to the mainnet.
