Ripple CTO Announces the Launch of a Federated Sidechain for the XRP Ledger (XRPL)

It’s official, Ripple CTO David Schwartz announced the launch of Federated Sidechains for the XRP Ledger (XRPL), which will enable developers to implement new features such as native smart contracts that interoperate seamlessly with XRP and XRPL, while also allowing XRPL to maintain its existing “lean and efficient” feature set. Federated sidechains allow for experimentation and specialization, and anyone can choose to run XRPL’s sidechains. Developers can enable new use cases such as DeFi functionality and smart contracts on the sidechain, and successful features can even be ported to the XRPL mainnet.
The vision for federated sidechains is that each sidechain will run as its own blockchain, with its own ledger and transactions, just like the XRP ledger. What makes them sidechains is the federated system, which allows XRP and issued tokens to be moved from one chain to another. Federated sidechains can use XRP as their primary asset. In this case, one can use the federated system to move XRP from XRPL to the sidechain.

Previous:

Next: