XRP Ledger Proposes Cross-Chain Bridge to Increase Network and Token Utilityđź“ť
The proposal defines how changes to an account's transaction sequence can be made on the XRP Ledger to ensure the movement of tokens between XRP Ledger and associated sidechains.
Developers at XRP Ledger (XRPL) and Ripple development lab RippleX have proposed a new XRPL standard for a cross-chain bridge that would enable interoperability between different networks.
The XRPL Standard provides specifications and guidelines for developers to build applications on the XRP Ledger, ensuring compatibility and communication across the network.
As posted on GitHub, the proposed standard would allow tokens from one blockchain to be locked in a smart contract on the XRP Ledger, while an equivalent amount of tokens is issued on another blockchain – increasing the use cases and adoption of the XRP Ledger.
