XRPL EVMSidechain Upgrades: New Transaction Fees and Cosmos IBC Activated
TL;DR Amendments 33 and 34 have been applied to the XRPL EVMSidechain, implying new transaction costs in XRP and the activation of the Cosmos IBC. Amendment
Ripple is a digital payment protocol and cryptocurrency founded in 2012. Its native cryptocurrency, XRP, is used to facilitate fast and low-cost international money transfers.
Ripple’s network operates on a decentralized blockchain, but unlike Bitcoin and other cryptocurrencies, it does not require mining. Instead, transactions are validated through a consensus algorithm, which allows for faster processing times and lower fees. Ripple’s technology has been adopted by various financial institutions and payment networks, making it a popular choice for cross-border payments and remittances.
TL;DR Amendments 33 and 34 have been applied to the XRPL EVMSidechain, implying new transaction costs in XRP and the activation of the Cosmos IBC. Amendment
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