Ripple is set to transform the XRP Ledger with a major enhancement that brings Ethereum-compatible smart contracts into the ecosystem via a new sidechain.
What Happened: This upgrade will allow the ledger, which primarily facilitates simple financial transactions, to now support complex decentralized applications like exchanges and token issuance.
The move promises to significantly expand the XRP Ledger’s functionality, potentially boosting the utility of its native token, (CRYPTO: XRP).
At the heart of this integration is the Axelar network, which enables cross-chain token transfers, making Wrapped XRP (eXRP) the primary asset on this sidechain.
This development will enable XRP to interact with 55 other blockchains, enhancing …
Full story available on Benzinga.com