XRPL Unveils Proposal for Cross-Chain Bridge: Details

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XRPL Unveils Proposal for Cross-Chain Bridge: Details
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XRP native cross-chain bridge proposal published by XRPL $XRP XRPArmy XRPCommunity RippleXRP XRPHolders

Mayukha Vadari shared this on her Twitter page:"We just published an official XRPL Standards spec for cross-chain bridges."

An approach for interoperability is the use of cross-chain bridges, which are protocols that allow communication between blockchains. To facilitate the transfer of value, cross-chains like Allbridge, Multichain and Apex have already integrated with blockchains, including XRPL, Ethereum, Avalanche and others.The bridge, as defined in the XLS-38d proposal, connects two blockchains: a locking chain and an issuing chain .

It proposes two means of building a bridge: first, setting up a new sidechain, which is building an XRP-XRP bridge. The strategy involves using sidechains, a parallel network that gains value from analyzing data from and exchanging assets with the main chain.was hard at work on a production release of sidechains that would run parallel to the XRPL mainnet if adopted by the XRP community.The second way of building the bridge is through an IOU-IOU bridge.

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