Ripple Targeting Broader Developer Adoption with Ethereum Sidechain, CTO States

Ripple has unveiled a fresh initiative designed to broaden its ecosystem by attracting a wider range of developers. This strategy centers around the creation of an Ethereum-compatible sidechain, allowing developers to leverage familiar tools and languages from the Ethereum environment while capitalizing on the advantages of the Ripple network. The company’s CTO stated that this strategic approach will facilitate a smoother transition for developers onto the Ripple platform and enable them to explore its capabilities. He further explained that the sidechain would offer faster transaction speeds and lower costs compared to Ethereum, making it an appealing choice for developers seeking more efficient solutions. Ripple anticipates that this development will lead to a significant increase in the number of decentralized applications built on its network, strengthening its position in the cryptocurrency market. The company aims to provide a comprehensive development environment that supports innovation and encourages collaboration among developers.