There is a blockchain development company Peersyst Technology announcement The testnet version of the Ethereum compatible sidechain of the XRP ledger is now officially live.
The company says the milestone was completed in collaboration with Ripple’s development arm, Ripplex, the Web3 Interoperability Platform Alexar network, and blockchain science company Common Prefix.
The first sidechain aims to unlock the potential of XRPL’s decentralized finance. Use ripple-linked XRP cryptocurrency as a native token.
The Devnet version of Sidechain was originally released in October 2022. New version It was then unfolded in June 2023.
Following the launch of Testnet, Peersyst is currently on track to announce new partners and validators in the coming days. “There’s still a lot to announce, but we’re taking it in stages,” the company said.
Last September, Schwartz said he wanted to make the XRPL EVM Sidechain a success. “We hope that XRPL EVM Sidechain will be a very successful, competitive and another XRP ecosystem as a smart contract platform,” Schwartz I said.
