tl;dr

Recent developments in the XRPL ecosystem have sparked excitement in the XRP community, particularly with the integration of the EVM sidechain. Peersyst CEO Ferran Prat Tio revealed that the XRPL EVM validators will be paid in XRP, contrasting it with the mainnet where XRP fees are burned. Additiona...

The recent integration of the EVM sidechain in the XRPL ecosystem has been a point of excitement for the XRP community. Peersyst CEO Ferran Prat Tio shared news that the XRPL EVM validators will be rewarded in XRP, in contrast to the mainnet where XRP fees are burned. Additionally, the team is unconcerned about a potential new name for the sidechain. This development is seen as a significant step forward in blockchain technology, with potential benefits for developers and decentralized finance.


In a recent interview with crypto enthusiast ‘Crypto Eri’ on X, Ferran Prat confirmed that the XRPL EVM validators will collect their rewards in XRP, marking a shift from the mainnet dynamics. Moreover, 'Flip The Chain', a prominent figure in the crypto community, affirmed that the integration would ease the process for developers launching new projects and would benefit decentralized finance (DeFi).

Disclaimer: The opinions expressed by the writers at Grow My Bag are their own and do not reflect the official stance of Grow My Bag. The content provided on our site is not intended as investment advice, and Grow My Bag is not an investment advisor. We do not endorse buying or selling any cryptocurrencies or digital assets mentioned in our articles. High-risk investments in Bitcoin, cryptocurrencies, and digital assets require thorough due diligence, and all transfers and trades made are at your own risk. Grow My Bag is not responsible for any potential losses and participates in affiliate marketing.

Disclaimer

The opinions expressed by the writers at Grow My Bag are their own and do not reflect the official stance of Grow My Bag. The content provided on our site is not intended as investment advice, and Grow My Bag is not an investment advisor. We do not endorse buying or selling any cryptocurrencies or digital assets mentioned in our articles. High-risk investments in Bitcoin, cryptocurrencies, and digital assets require thorough due diligence, and all transfers and trades made are at your own risk. Grow My Bag is not responsible for any potential losses and participates in affiliate marketing.
 19 Sep 24
 19 Sep 24
 19 Sep 24