U.Today - Peersyst Technology, one of the core developers of the XRP Ledger (XRPL) protocol, has some of the perks associated with the protocol for end users.
Peersyst Technology stand
Taking to its official Twitter account, the team encouraged the members of its community to embrace the EVM sidechain and shared the process needed in order to get started. The Twitter thread that was designed to be educational turned into a question and answer session.One user, then asked Peersyst to state two major reasons why the XRPL EVM sidechain is an awesome one. Taking up the challenge, the developer noted that the new sidechain now makes it possible for core Ethereum-based decentralized applications (dApps) like Uniswap and OpenSea to make their way to the XRPL for everyone's use.
The XRPL EVM sidechain went live on the testnet back in March, as earlier by U.Today. According to Peersyst Technology, the integration of EVM-compatible dApps can also be done with no hassle, a very important feature that can generally drive the adoption of the new innovation.
Industry-wide EVM push
While the move to integrate an EVM sidechain for the XRP Ledger is important and highly welcome by the community, it is not a unique push as more Layer 1 solutions have been making related moves in the past few months.Filecoin (FIL) is one of the most remarkable protocols that has also the Filecoin Virtual Machine (FVM), its EVM sidechain equivalent. The idea behind these protocols launching EVM compatibility is so that they can tap into the deep liquidity resident on the Ethereum blockchain network as they develop their own native decentralized finance (DeFi) ecosystem.
Besides XRP Ledger and Filecoin, EOS is also one of the protocols that has made this move in recent times.