XRPL Finally Integrates With Ethereum?

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Well well well crypto is crazy crypto is crazy there’s facts there’s rumors there’s speculation and all the time they’re mixed all together just gets really hard to decipher what’s true and what’s not well in the last couple of days there’s been a buzz Around The xrp Ledger and the ethereum virtual machine

Coming together to create a smart contract system on the xrpl that’s the news that’s been big so let’s get into it so I first want to explain what evm is the ethereum virtual machine the ethereum virtual machine is basically a I guess code that handles smart contracts on the ethereum network now a

Post came out on Twitter in video form where it was showing an xrp logo or coin and the ethereum virtual machine basically working together now of course this caused Mass hysteria among everyone in xrp going and this is crazy and even like really big accounts posting about

It like this is happening but why is that really important why are people getting excited well I think the main source of the excitement is because well the xrpl The xrp Ledger doesn’t actually have native C capability it can’t do smart contracts on the xrpl the only way

It can do smart contracts is escro based smart contracts and if that’s all way over your head don’t worry it’s just not that important the long and short of it is that The xrp Ledger cannot do smart contracts the way that the etherium virtual machine can and the ethereum

Virtual machine has basically nailed smart contracts everyone in business knows about the ethereum virtual machine and ethereum it is the go-to place for all the world for smart contracts so if this was true that would mean the transmission of value of xrp from The xrp Ledger onto the ethereum virtual

Machine basically bringing in so much more money flow using xrp on The xrp Ledger and everyone’s getting excited because obviously that would increase the price of a single xrp token meaning we all get rich from an actual utility perspective that would mean that there are so much more capability for the

Adoption of crypto and you’re just adding a very powerful blockchain the xrpl to that whole world of smart contracts that would just be really big news but people have been getting the wrong end of the stick and that’s when I saw a tweet from Thomas silj I’m probably butchering that name but let’s

Keep that quiet and he said and I’m going to put that on the screen right here I’m seeing a lot of tweets today with statements such as xr’s upcoming integration of evm programmability be one of the world’s first to deploy a smart contract on the xrpl and xrp Ledger’s all new ethereum virtual

Machine the xrpl is not getting an evm integration a new blockchain with ethereum virtual machine is proposed by Ripple and should be linked to the xrpl main net via a decentralized bridge but that blockchain is not even based on the xrpl protocol in reality the setup is not different from all other ethereum

Virtual machine blockchains that already br Bridges to the xrpl that new blockchain is Nei neither more nor less the xrpl none of them are so that was all very complex talk but what does he mean well it means that Ripple have actually proposed a new blockchain yes

That’s what I just said Ripple have proposed a new blockchain that is separate to the xrpl not the same and only linked by a decentralized bridge that new blockchain would be integrated with the ethereum virtual machine but this new blockchain would not be like the xrpl it would only link to the xrpl

So basically instead of having that connection from the xrpl to the ethereum virtual machine you’ve basically got a middleman and that middleman is a new blockchain and really honestly when we look at this it’s really only a slight difference that slight difference probably is quite a big deal to the

Community but I I’m not saying I know the answer to this and I’m actually extending the question to you to see if you know the answer but I don’t know how how the xrp token now interacts through those multiple layers to the ethereum virtual machine how does now having a

Middleman versus not having a middleman or that that middle blockchain how does that affect the valuation of an xrp or the usage of an xrp these are all questions we really want to know but ultimately from a o overall perspective you know now that we have this connection to the ethereum virtual

Machine via this proposed blockchain not real blockchain proposed blockchain by that could open up a whole Suite of decentralized Finance services that could get xrp used even in gaming or Insurance even voting systems not to mention identity verification real estate purchases tokenization healthc care record management automated subscriptions royalties and IP

Intellectual property and even peer-to-peer transactions so what does it all mean for the the average xrpl user well really not that that much because you’re just connecting to another blockchain that blockchain might be easier to connect than it will be via decentralized Bridge To The xrp Ledger

But ultimately for the valuation of our Assets in this structure I just don’t know how much it impacts it and really this is just another step in the ladder towards complete blockchain interruptibility where all the blockchains are interruptable this is just another blockchain being connected to the ethereum virtual machine this has

Been happening for quite some time it’s just now this is probably the best way that you can the xrpl to ethereum virtual machine and it has to be done by that proposed middleman blockchain so if you’ve enjoyed this video please make sure you hit like and before you leave

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I’ll see you in the next one