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David Schwartz expressed: ICYMI my keynote (or two) at ApexDevSummit, I want to highlight the exciting updates coming to the XRPL.
Today, XRPL devs can take advantage of the 1st implementation of Federated Sidechains – a toolkit or test lab to build your own blockchain while still enjoying the benefits and functionality of the XRPL Mainnet.
Sidechains make it easy for developers to customize the chain for their use cases, such as private networks, securities trading, DeFi.
Speaking of DeFi, bringing Ethereum smart contracts to the XRPL could lower the barriers to entry for developers to build powerful DeFi apps with cross-chain interoperability.
And, we’re working on an Ethereum Virtual Machine (EVM) sidechain! Between Ethereum smart contracts, Hooks and Smart Transactors, XRPL developers will be able to build whatever they want.
On that note – applications for the second wave of the XRPL Grants program opened today, with a focus on projects that leverage Federated Sidechains.
I also talked about the XRPL’s built-in decentralized exchange (DEX). The XRPL is the OG DEX and could leapfrog other DEXes by offering novel Automated Market Makers (AMMs).
A unique AMM implementation could allow those who provide liquidity for AMMs to take a large share of the profits that are normally taken by arbitrageurs. (While an early idea, bringing this AMM approach to the XRPL could be a game-changer).
Lastly, a few months ago, RippleXDev shared that it’s proposing an NFT standard (xls-20) which would bring native, on-ledger NFTs. Code will be released on devnet soon and, if adopted, xls-20 could make the XRPL an attractive destination for devs to build new NFT apps.
Community response: Easy the XRPL will soon do all the things other ledgers do and do it better by adding another copy ledger or ledgers that run alongside of the XRP ledger. Hope that helps.
So what I am gathering from this is basically, the XRPL will be able to do just about anything that any blockchain offers, and do so on top of one of the longest running, most stable, energy efficient, decentralized, fastest, and cheapest to use blockchains in existence.
I wanted to take a little time to thank you for your work, and your optimism these last few days on the development of the XRPL. It’s exciting. It’s been a long time since we’ve seen you so bullish on FA. Thank you!
Definitely late to the party, but better late than never I suppose. Yes as it powers the blockchain the same way Eth does for Ethereum.
Hub: XRP price, news, and analysis
