This article first appeared in CryptoNews.
Root Network is looking to foster the XRP ledger-EVM interoperability issue while also rewarding validators and stakers with XRP.
According to reports, Root Network, a cross-chain platform, will soon offer XRP rewards to its validators and stakers. XRP is the native token of the XRP Ledger.
Community supporter Dip Collector made this claim in response to a discussion regarding the possibility of XRP Ledger side chains.
The Root Network aims to resolve interoperability issues between the XRP Ledger and the Ethereum Virtual Machine (EVM) ecosystem.
By aligning incentives with network participation, both Root Network and ACTS Token create a mutually beneficial ecosystem where users are motivated to actively contribute their resources and expertise. This approach not only enhances the overall network performance but also encourages broader adoption and engagement from the community.
The network, built on Polkadot’s Substrate technology, intends to promote improved tokenomics and compatibility, while ROOT and XRP act as assets users can explore.
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Users will pay gas fees in XRP while other coin owners will be free to swap their coins into XRP.
To promote the liquidity ecosystem of the XRP Ledger, Root Network will be connected to the XRPL decentralized exchange (DEX).
The Root Network mainnet beta is operational, enabling users to explore the system and test the Ethereum-to-XRPL non-custodial token bridge.
Read More Root Network is looking to foster the XRP ledger-EVM interoperability issue while also rewarding validators and stakers with XRP