Building smart contracts on XRP? Perhaps it will be possible soon!
The XRP blockchain, also known as the XRP Ledger (XRPL), is ready for the long-awaited Ethereum Virtual Machine (EVM) sidechain. This should enable XRP to perform everything that Ethereum (ETH) can do.
A promising project for XRP
The goal of this project is to allow developers working with Ethereum to build smart contracts and applications for XRP. However, it seems that the XRP community will have to wait a bit longer. The company behind the sidechain, Peersyst Technologies, still needs to bring together a few components.
This bridge should make it possible to bring any token to the XRP blockchain, XRPL. Peersyst Technologies also claims that the sidechain is "more advanced" than ever before.
Strong points of the EVM sidechain
The implementation of the EVM sidechain is expected to make the XRP blockchain much stronger. It will be able to process 1,000 transactions per second, providing a massive throughput capacity. Transactions will be confirmed much faster after the implementation, and users will be able to connect their wallets and work with smart contracts written in Ethereum's programming language.
These are interesting developments that could potentially elevate XRP to a higher level. However, it remains uncertain how much demand there will be for smart contracts and related applications with XRP.