According to Foresight News, Ripple has teamed up with Evmos to develop an XRP Ledger EVM sidechain. The sidechain will be built using Evmos' modular and customizable technology stack, evmOS. This technology leverages the Cosmos SDK, IBC, and CometBFT to bring EVM compatibility to Web3 businesses.
The partnership between Ripple and Evmos aims to enhance the functionality and compatibility of the XRP Ledger. By utilizing Evmos' evmOS technology, the sidechain will be able to support a wider range of applications and services. This development is expected to bring significant benefits to Web3 businesses, as it will provide them with a more flexible and adaptable platform for their operations.
The use of the Cosmos SDK, IBC, and CometBFT in the construction of the sidechain further underscores the innovative approach taken by Ripple and Evmos in this project. These technologies are designed to facilitate interoperability and scalability, key features that are crucial for the success of any Web3 business. The XRP Ledger EVM sidechain is set to be a game-changer in the industry, providing a robust and efficient platform for the development and deployment of Web3 applications.