Key Takeaways:
- Ripple plans to introduce smart contracts to the XRP Ledger (XRPL), starting with an EVM-compatible sidechain before moving to the mainnet.
- The smart contracts will boost XRPL’s capabilities, particularly in decentralized finance (DeFi), with Ripple seeking input from DeFi developers.
- Ripple aims to enhance XRPL’s programmability and developer appeal, committing to ongoing improvements through 2025.
Ripple is set to integrate smart contracts into the XRP Ledger (XRPL) ecosystem, aiming to expand its capabilities and attract developers.
The smart contracts will initially be launched on the XRPL Ethereum Virtual Machine (EVM) sidechain, with plans to eventually bring them to the XRPL mainnet.
2/ Ripple and the broader XRP community are committed to bringing new programmability, including smart contracts, to the XRPL dev ecosystem in 2025 – through the XRPL EVM sidechain (already in the works) as well as exploring native capabilities on XRPL Mainnet.…
— Ripple (@Ripple) September 3, 2024
Although no specific timeline has been provided, Ripple is in the research phase for mainnet integration.
Smart contracts, which enable decentralized finance (DeFi) and other applications, will enhance the XRPL’s functionality.
Ripple is collaborating with DeFi developers and inviting community input on the design of these contracts.
The sidechain, developed with Peersyst, will bring EVM compatibility to the XRPL, allowing developers to use familiar tools and programming languages like Solidity.
Ripple expects these enhancements to broaden XRPL’s appeal and has committed to further enhancing its programmability through 2025.
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