Ripple (XRP): XRPL EVM Sidechain to Boost Interoperability with Axelar Bridge Integration

XRPL
EVM
Sidechain:
A
Leap
Towards
Interoperability

In
a
significant
development
for
the
blockchain
community,
Ripple
(XRP)
has
announced
the
XRPL
EVM
Sidechain,
which
aims
to
bring
Ethereum
Virtual
Machine
(EVM)
compatibility
to
the
XRP
Ledger
(XRPL).
This
integration
is
poised
to
unlock
new
opportunities
for
XRPL
developers,
especially
in
the
fields
of
decentralized
finance
(DeFi)
and
real-world
asset
(RWA)





tokenization,
according
to

Ripple
blog.

Axelar
Bridge:
The
Backbone
of
XRPL
EVM
Sidechain

The
XRPL
EVM
Sidechain
will
utilize
Axelar
as
the
exclusive
bridge
to
source
the
native
gas
token,
wrapped
XRP
(eXRP),
from
the
XRPL.
Axelar’s
decentralized
bridge,
operated
by
a
network
of
validators,
facilitates
the
seamless
transfer
of
assets
between
XRPL
and
the
EVM
Sidechain,
ensuring
interoperability
and
efficient
transaction
processing.
This
bridge
will
also
support
the
transfer
of
other
fungible
tokens
across
more
than
55
blockchains
within
the
Axelar
network.

Ferran
Prat,
CEO
of
Peersyst,
highlighted
the
robustness
of
Axelar,
describing
it
as
a
“battle-tested,
production-ready,
and
fully
compatible
bridge.”
The
Peersyst
engineering
team
is
actively
working
to
migrate
the
main
bridge
to
Axelar
for
the
devnet,
further
enhancing
the
interoperability
of
XRPL.

Security
and
User
Experience
in
Focus

As
the
launch
of
the
XRPL
EVM
Sidechain
approaches,
Ripple’s
engineering
team
is
prioritizing
the
security
of
the
mainnet
bridge
and
refining
the
user
and
developer
experience.
Axelar’s
validator
network,
consisting
of
75
validators,
employs
key-rotation
policies
to
periodically
rotate
the
keys
used
to
sign
transactions,
thereby
mitigating
the
risk
of
attacks.

Currently,
transferring
new
tokens
via
the
XLS-38
bridge
is
a
complex
process.
By
consolidating
to
a
single
bridge—Axelar—the
process
becomes
more
intuitive
and
user-friendly,
simplifying
the
user
journey
and
enhancing
efficiency.

The
Future
of
XLS-38

XLS-38
offers
XRPL
developers
the
flexibility
to
create
custom
sidechains,
which
can
be
used
for
private
chains
or
XRPL
versions
with
unique
features.
Ripple’s
UNL
validator
will
vote ‘No’
on
the
XLS-38
amendment
until
the
feature
can
be
validated
with
specific
use
cases
and
developer
requests.
Over
the
next
12-15
months,
Ripple
engineers
will
monitor
the
adoption
and
interest
in
XLS-38,
providing
updates
based
on
community
input
and
traction.

Ripple’s
vision
for
institutional
DeFi
on
XRPL
includes
establishing
foundational
building
blocks
and
components
of
a
successful
financial
system.
The
XLS-38
amendment
represents
a
valuable
tool
for
creating
custom
sidechains,
but
its
inclusion
in
the
mainnet
will
depend
on
real-world
validation
and
developer
interest.

Ripple
is
keen
to
receive
feedback
and
collaborate
with
the
community
to
ensure
that
XRPL
continues
to
evolve
in
ways
that
drive
innovation
and
meet
the
needs
of
its
diverse
users.
Developers
are
encouraged
to
share
their
thoughts
and
ideas
on
XLS-38
and
its
future
via
the
developer
Discord
channel.

Image
source:
Shutterstock