XRP Ledger Ethereum Sidechain Welcomes Major Release: Details

A new release has been welcomed by the Ethereum Virtual Machine (EVM) sidechain of the XRP Ledger (XRPL). For the XRPL EVM network launch, the v4.0.0 Chain Upgrade is a significant release that offers significant features, updates, and enhancements.

The XRPL EVM network gains important functionality with the v4.0.0 release, including the ability to issue and burn the native XRP coin via the Axelar bridge. X/erc20 precompiles have been used to offer support for minting and burning, giving token managers more freedom.

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Similarly, updated requirements are introduced in the v4.0.0 release. Evmos has been updated to v20, which brings the most recent enhancements from the Evmos ecosystem, and the Cosmos SDK has been boosted to v0.50.9 for improved performance and stability.

The XRP Ledger ecosystem’s smart contract capabilities are being advanced by the XRPL EVM Sidechain, which was developed in partnership with Peersyst and is almost ready for live deployment on the devnet. Early in 2025, when the XRP Ledger’s programmability is anticipated to be much improved, this momentum is anticipated to grow considerably.

XRPL EVM sidechain expected to go live in months

With the introduction of the XRPL EVM Sidechain, which is anticipated to launch in the upcoming months, and the launch of native smart contract capabilities on the XRP Ledger mainnet, which is presently in the research phase, programmability on the XRP Ledger is anticipated to improve in the days ahead.

The Ethereum Virtual Machine (EVM) compatibility that the XRPL EVM sidechain is anticipated to provide to the XRP community will enable developers to utilise well-known tools and programming languages.

The XRPL EVM Sidechain’s ability to employ Axelar as a bridge to facilitate transactions between the XRP Ledger, the XRPL EVM Sidechain, and more than 55 other blockchains is a critical component. With this setup, dApps would be able to utilise EVM smart contracts and XRP Ledger features at the same time. The native asset and gas token for cross-chain transactions will be wrapped XRP, or eXRP.

The most recent v4.0.0 update is still a crucial and necessary step in the process of launching the XRPL EVM network.