Developers Propose Cross-Chain Bridge for XRPL Network to Enhance Blockchain Interoperability

Software engineers and members of the improvement laboratory Ripplex privation to make a cross-chain span for the XRPL web to bolster cross-chain transfers betwixt antithetic blockchain networks. According to a caller Github draft, the connection outlines however the cross-chain span could relation and suggests ways to forestall transaction replay.

Ripplex Dev Proposes XRPL Cross-Chain Bridge Technology

According to a caller draft submitted to Github, developers privation to make a cross-chain span for the XRP Ledger (XRPL). The exertion would let cross-chain transfers and supply blockchain interoperability betwixt XRPL and assorted networks. “In this proposal, a cross-chain transportation is not a azygous transaction,” the GitHub draught details. “It occurs connected 2 chains, requires aggregate transactions, and involves an further server benignant called a ‘witness.’”

If a cross-chain span is implemented for XRPL, the blockchain volition articulation galore networks that leverage this technology, including Ethereum, Avalanche, Solana, Binance Smart Chain, and others. The projected plan by XRPL developers includes a caller server type, 3 caller ledger objects, and 8 caller transactions. The summary besides describes a method to “prevent the aforesaid assets from being wrapped aggregate times (prevent transaction replay).” Mayukha Vadari, a bundle technologist and Ripplex developer, shared the connection connected societal media.

“We conscionable published an authoritative XRPL Standards spec for cross-chain bridges,” Vadari said. “Check it retired and fto maine cognize if you person immoderate thoughts.”

The cross-chain thought follows the propulsion to make an Ethereum Virtual Machine (EVM) sidechain successful October that is compatible with the XRP Ledger and Ripple transaction protocol (RTXP). Currently, XRP, XRPL’s autochthonal cryptocurrency, is the sixth-largest integer currency by marketplace capitalization. However, implicit the past 7 days, it has mislaid 7.7% against the U.S. dollar.

Ripple Labs is besides dealing with a ineligible conflict with the U.S. Securities and Exchange Commission (SEC), and immoderate suspect a colony betwixt the 2 parties is possible. XRP, a token issued successful 2012, has been accused of being an unregistered information by the SEC. The U.S. regulator charged Ripple Labs successful 2020, accusing the steadfast and executives of selling an unregistered information without support from the SEC.

What are your thoughts connected the imaginable interaction of a cross-chain span for the XRPL web and the wider blockchain ecosystem? Share your thoughts successful the comments conception below.

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