Ripple cooperates with Wormhole, a cross-chain messaging protocol, to offer multichain support to the XRP Ledger (XRPL) and its upcoming Ethereum Virtual Machine (EVM) Sidechain.
According to June 26 rackThe integration introduces advanced functionality in the XRPL and releases assets and data between these and more than 35 other blockchain networks flow.
This step follows a series of recent upgrades to the XRP whides, including the release of version 2.5.0 of its core software. These changes are intended to stimulate performance, to improve support for institutional aids and to ensure that the regulations grow as the acceptance of blockchain grows.
Expand the ability of XRPL
According to the statement, the integration of the Wormgat adds new possibilities to a ledger already established that is known for rapid transactions and indigenous issues of assets.
The relocation would enable developers to send XRP, Ious and new tokentypes such as multifunctional tokens (MPTs) to other supported block chains. They can also activate smart contract functions on external networks using cross-chain data entry.
David Schwartz, Chief Technology Officer at Ripple, said that interoperability is crucial for the evolution of XRPL.
He explained that the creation of bridges between chains enables the blockchain network to expand the range without jeopardizing security or performance. He added that integration will support the wider acceptance by making it easier to move value over networks.
The company emphasized that breaking down the barriers between chains is crucial to make blockchain infrastructure more usable for institutions and application developers. It added that the partnership makes cross-chain messages, token transfers and the launch of digital assets with multiple chain possible.
These functions support emerging use cases that are linked to Defi, institutional blockchain services and Tokenized Real-World assets (RWAS).
In the meantime, Ripple’s broader strategy focuses on positioning XRPL as a flexible and safe alternative to dominant networks such as Ethereum and Solana, in particular for user’s uses, tokenization and cross-chain applications.
