This will enable developers to implement new features, such as native smart contracts that interoperate seamlessly with XRP and the XRP Ledger, while also allowing the XRP Ledger to maintain its existing, 'lean and efficient' feature set.įederated Sidechains allow for experimentation and specialization, so developers can enjoy the power of the XRPL on a sidechain that acts as its own blockchain. Today, we are proposing a strategy that enables the best of both worlds: Federated Sidechains for the XRP Ledger. However, we at Ripple have long advocated against features that would compromise the XRP Ledger's highly efficient focus on payments. In fact, the number of DeFi developers has grown 110% since 2019, and that number is projected to grow well beyond 2021. Among the most-requested features we have heard from developers and contributors to the XRP Ledger is smart contract capabilities brought about by the exponential growth in decentralized finance (DeFi).
