Peersyst Technology recently shared a noteworthy update via Twitter, capturing the attention of Antony Welfare, Digital Currency Advisor at Ripple. The company reported significant progress on its XRPL Ethereum Virtual Machine (EVM) sidechain, building upon the capabilities previously announced in October 2022.
⌛️It gets closer every time!⌛️While you wait for the release of the #XRPL #EVMSidechain, don't miss all the new improvements!🛠️
More and more projects preparing for launch🚀
Get started at @RippleXDev 👉https://t.co/WhBdk4dAx6 pic.twitter.com/zBeXgN6UFo
— Peersyst Technology (@Peersyst) August 24, 2023
The most recent enhancements signal the EVM sidechain’s imminent move towards its mainnet launch. A video accompanying the announcement showcased remarkable strides in the XRPL EVM’s development. Notably, the team achieved a performance boost, reducing block time from 5.4 seconds to a swift 3.5 seconds—akin to XRPL’s block time.
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The advancement also included the integration of a proof-of-authority (PoA) algorithm catering to validators. This innovation serves to mirror the governance framework of the mainnet, enhancing consistency.
Beyond this, the development team upgraded the Tendermint consensus algorithm to the latest Comet BFT version, renowned for its power and efficiency. Impressively, these upgrades are already live, and accessible through MetaMask Wallet by selecting the appropriate network.
In parallel, enhancements were made to the bridge connecting the EVM sidechain and the primary XRP Ledger network. A fully distributed bridge, named Witness Bridge, was introduced, leveraging Ripple’s XLS 38D Amendment. This development ensures seamless interoperability via exchange transactions—a pivotal accomplishment.
The update garnered acclaim from the XRP community, with Ripple CBDC Advisor Antony Welfare applauding Peersyst Technology’s collaboration with the XRP Ledger Foundation (XRPLF). Welfare expressed particular excitement over MetaMask wallets being able to interface with EVM sidechains on XRPL.
Impressive work from @Peersyst , @XRPLF and the rest of the $XRP community 👌👌
To see the #MetaMask wallet connecting to #EVM sidechains on #XRPL is very exciting
I started my #blockchain journey with #Ethereum and love the fact we are bridging to #XRPLedger… https://t.co/oE6K3jTu8j
— Antony Welfare (@AntonyWelfare) August 24, 2023
Welfare, reflecting on his blockchain journey, revealed his initial involvement with Ethereum and praised the bridging of XRPL with Ethereum. For him, interoperability emerges as a pivotal factor propelling the continued advancement and success of blockchain technology. He emphasized, “Interoperability is the key to the continued success and growth of blockchain technology.”
Peersyst Technology’s recent strides, highlighted by these advancements and Welfare’s endorsement, underscore the dynamic evolution of blockchain ecosystems through innovative interoperability solutions. As the XRPL EVM sidechain progresses closer to its mainnet launch, it brings a promising outlook for the broader blockchain landscape.