Some of the benefits of the XRP Ledger (XRPL) system for users have been disclosed by Peersyst Technology, one of the technology’s main creators.
Peersyst Technology stand
The team detailed the procedure required to get started on its official Twitter account and urged the members of its community to adopt the EVM sidechain. The Twitter conversation that was intended to be instructional devolved into a Q&A.
Then, @dsillionaire, a user, asked Peersyst to list the top two benefits of the XRPL EVM sidechain. The developer accepted the challenge and pointed out that the new sidechain now enables the migration of fundamental Ethereum-based decentralised apps (dApps) like Uniswap and OpenSea to the XRPL for usage by everybody.
As previously reported by U.Today, the XRPL EVM sidechain became live on the testnet back in March. Peersyst Technology asserts that integrating EVM-compatible dApps may be done without difficulty, which is a crucial aspect that will likely encourage people to accept the new invention.
Industry-wide EVM push
Even if the initiative to include an EVM sidechain for the XRP Ledger is significant and warmly welcomed by the community, it is not a novel one as other Layer 1 solutions have been moving in a similar direction over the past few months.
One of the most notable protocols, Filecoin (FIL), also introduced the Filecoin Virtual Machine (FVM), which is an EVM sidechain version of the protocol. In order to take advantage of the substantial liquidity present on the Ethereum blockchain network while they build their own indigenous decentralised finance (DeFi) ecosystem, these protocols are introducing EVM compatibility.
EOS is one of the systems that has recently made this change, along with XRP Ledger and Filecoin.
