Ripple and Peersyst Forge New Frontiers in Blockchain Interoperability with evmOS
Today, Ripple and Peersyst have joined forces to harness the power of evmOS for the development of the XRP Ledger (XRPL) EVM sidechain. This collaboration signifies a pivotal moment in the evolution of blockchain technology, as two industry leaders combine their expertise to unlock new possibilities for cross-chain compatibility and innovation.
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Central to this collaboration is evmOS, an innovative technology stack fueling the XRPL EVM sidechain, tailored to adaptability and customization.
With its modular design and extensive customization options, evmOS forms the backbone of the XRPL EVM sidechain, seamlessly integrating with the Cosmos SDK and providing access to a vast network of over 60 Cosmos SDK chains through the Inter-Blockchain Communication Protocol (IBC). Through the utilization of evmOS, Ripple and Peersyst are set to forge a more interconnected and interoperable blockchain environment.
Evmos represents a paradigm shift in the world of Web3 businesses, providing a comprehensive suite of features and modules tailored to EVM implementation for Cosmos SDK. From IBC functionality to EVM extensions and access to the dApp Store, evmOS empowers developers to build cross-chain applications with ease.
Powered by the Cosmos SDK and running on the CometBFT consensus engine, evmOS prioritizes native, cross-chain applications, offering XRPL developers unprecedented flexibility and scalability.
By embracing the interchain, the XRPL community gains access to a vast network of interconnected chains, enabling seamless collaboration and information sharing across disparate blockchain platforms.
With evmOS Outposts acting as gateways between different blockchain networks, XRPL users can easily transfer assets and information between chains, further enhancing the interoperability of the XRPL EVM sidechain.
The collaboration between Ripple and Peersyst represents a significant step forward in the journey towards a more interconnected and interoperable blockchain ecosystem.
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About the XRP Ledger (XRPL)
The XRP Ledger (XRPL) is a decentralized layer 1 blockchain renowned for its reliability and stability in tokenizing and exchanging crypto-native and real-world assets. Powered by XRP, a purpose-built cryptocurrency for payments, the XRPL offers institutional-grade functionality and features to support businesses and builders worldwide.
About Peersyst
Peersyst is a blockchain-specialized tech firm with over 8 years of experience in the industry. As one of the key contributors to the XRPL, Peersyst is dedicated to expanding the interoperability of the XRP ledger and its native currency XRP beyond its native network.
About Evmos
Evmos is an interoperable EVM blockchain designed for cross-chain dApp development. With groundbreaking features like Outposts and the Evmos dApp Store, Evmos empowers developers to leverage IBC and connect their smart contracts to the interchain. As the flagship product of evmOS, Evmos represents the future of web3 interoperability and customization.