Saturday, February 4

Tag: EVM

Users Can Now Create XRP Account On Metamask: PeerSyst Technology
Ripple News

Users Can Now Create XRP Account On Metamask: PeerSyst Technology

Following the announcement of the EVM-Compatible XRP ledger, PeerSyst Technology asked the XRP holders to create a Metamask account as the guide on how users can do this will be released today to enable users to test the sidechain. PeerSyst Technology Works With Ripple Developers To Roll Out EVM-XRPL Sidechain It is worth noting that PeerSyst Technology is currently working hands with Ripple developers to roll out an Ethereum Virtual Machine (EVM) compatible side chain for the XRP Ledger (XRPL). Read Also: Terra Classic Community To Implement Proposal 5234 That Will Reduce The Tax Burn From 1.2% To 0.2% https://twitter.com/Peersyst/status/1582040480648671232 According to the new development of the EVM-XRPL, Cryptolifedigital reported that its launch of the development wil...
The First Stage Of EVM-Compatible XRP Ledger Goes Live
Blockchain, Ripple News

The First Stage Of EVM-Compatible XRP Ledger Goes Live

In a recent tweet shared by RippleX, Introducing the first phase of bringing an Ethereum Virtual Machine (EVM) sidechain to the XRP Ledger. The XRP ledger seems to have been behind the curve in blockchain interoperability with the EVM, despite seeing massive growth in recent years. The whole thing will enter another level as the launch of the testing phase of XRPL’s EVM-compatible sidechain, as announced by the official Twitter account of XRPL Developers, RippleXDev. Read Also: Binance Exchange Remains Committed To Its Promise To LUNC Network As It Burns Over 2.5 Billion LUNC Tokens https://twitter.com/RippleXDev/status/1581998430246690817 It is worth noting that Ethereum presently holds the position of the most versatile and utilized blockchain in cryptocurrency. As popu...
Ethereum CEO, Buterin Vitalik Suggested solving Efficient Issues With How Memory Consumption Is Limited On The EVM In Order To Adjust Memory Gas Costs
Ethereum

Ethereum CEO, Buterin Vitalik Suggested solving Efficient Issues With How Memory Consumption Is Limited On The EVM In Order To Adjust Memory Gas Costs

Unfortunately, the increased adoption of Ethereum’s network has been seriously endangered due to the unbearable gas fees and scalability concerns. For this reason alone, various DeFi projects consider to launching on the competing Layer 1 blockchain. For instance, Yuga Labs proposed that the ApeCoin DAO consider a migration to another Layer 1 blockchain. The vote was initiated then and the network voted against it narrowly. If not by now the project would have migrated to Avalanche. The Ethereum CEO, Buterin, proposed earlier how the memory gas costs can be adjusted. He suggested solving efficient issues with how memory consumption is limited on the EVM. https://twitter.com/VitalikButerin/status/1550741734082191362 Vitalik stated in the post “Currently, we limit the memory c...
Cardano’s Smart Contracts To Hit 3,000 And The IOG Team Posted A Video That Explains The Essence Of EVM Sidechain On Cardano
Cardano

Cardano’s Smart Contracts To Hit 3,000 And The IOG Team Posted A Video That Explains The Essence Of EVM Sidechain On Cardano

Taking from 12th July, The total number of smart contracts that are based on Plutus, a smart contracts platform that is controlled by Cardano, has reached a new level of 2,900, placing within 100 smart contracts of reaching the 3,000 mark according to Cardano blockchain insight. It is good to know that the development has been surfacing since September 2021 upgrades which include the provision of the capability for smart contracts. Read Also: The largest Layer 2 Network On Ethereum in terms of TVL Is Set To Bring Forth The AnyTrust Technology By Launching Arbitrum Nova Chain The update allowed Cardano to provide a DeFi application platform and programmability to the developer community. On July 7th, the IOHK founder, Charles Hoskinson revealed in a tweet that the network has take...
Cardano Users to Explore Djed Stablecoin Trial on EVM Sidechain: Details
Cryptocurrency

Cardano Users to Explore Djed Stablecoin Trial on EVM Sidechain: Details

According to a recent announcement by the  Milkomeda team, Cardano users might soon be able to test Djed stablecoin on the Milkomeda testnet. The team said it was going to make available a testnet version of Djed on Milkomeda testnet, thus allowing users to explore the algorithmic stablecoin. Milkomeda is an Ethereum Virtual Machine (EVM)-compatible sidechain, letting developers achieve cross-chain interoperability between Cardano and Ethereum. Read Also: Comparing Centralized And Decentralized Crypto Exchanges (Advantages & Disadvantages) https://twitter.com/Milkomeda_com/status/1532780158205173761 The Milkomeda foundation announced the launch of C1, an Ethereum Virtual Machine-compatible sidechain that is directly connected to the Cardano blockchain, in late Mar...
Cardano Focus On Increasing Interoperability To Strengthen The DApp
Blockchain

Cardano Focus On Increasing Interoperability To Strengthen The DApp

Cardano also plans to employ Fourier Labs' interoperability results to strengthen its dApp and stoner relinquishment by lowering sale freights, adding scalability and security, as the rearmost investment intends to develop Fourier Protocol on Cardano, an interoperable, Ethereum Virtual Machine( EVM) compatible result that would accelerate the migration of EVM- grounded systems to the Cardano ecosystem. Defi relinquishment is on the upswing according to the Defi Lima, with roughly$ 200 billion in TVL( Total Value Locked) across all of the main Defi protocols. In just two times, this represents a nearly 240 gain. The main stoner onramp for Defi is decentralized exchanges( DEX), although numerous of them now demand advanced sale freights. drop sale freights as an erected- point of Fourier La...