Best Long-Term Crypto: Examining Ripple Partnership, Optimism (OP) Price, & BlockDAG’s Sustainable Mining with X10 & X30
The post Best Long-Term Crypto: Examining Ripple Partnership, Optimism (OP) Price, & BlockDAG’s Sustainable Mining with X10 & X30 appeared on BitcoinEthereumNews.com.
Ripple Labs has entered into a pivotal partnership with Evmosto, bringing an Ethereum Virtual Machine (EVM) sidechain to the XRPL ecosystem and enhancing interoperability with over 90 blockchain networks. This initiative aims to bolster Web3 business applications and customize blockchain interactions. Meanwhile, Optimism (OP) shows a unique trading pattern, diverging from Bitcoin’s market movements, which could influence its short-term price stability. Turning our focus to innovation in cryptocurrency mining, BlockDAG emerges as a groundbreaking technology, securing $28.5 million in its latest funding round and revolutionizing eco-friendly mining solutions with its advanced X10 and X30 miners. As we explore these developments, we witness the huge evolution of the cryptocurrency landscape. Ripple Partnership Expands XRPL Ecosystem Ripple Labs, a major cryptocurrency payment platform, has partnered with Evmosto, a protocol based on the Ethereum Virtual Machine (EVM) from Cosmos. Their goal is to create an XRP-ledger EVM sidechain. For this project, they are collaborating with Peersyst, a cryptocurrency software company. The sidechain will be developed using evmOS, an adaptable and modular technology stack from Evmos. It focuses on prioritizing Web3 business applications and ensuring their compatibility with EVM. evmOS is constructed using the Cosmos SDK, which enhances standard smart contract platforms. This allows projects to extend capabilities and customize their logic. It offers EVM compatibility and allows for full customization. This technology connects to over 60 chains through the Inter-Blockchain Communication Protocol, enhancing the flexibility of the Web3 ecosystem. This partnership places XRPL in the interchain ecosystem, linking it with more than 90 chains. It fosters collaboration across various blockchain projects and enhances flexibility and cross-chain communication within the XRPL community. Optimism (OP) Price Movements The price of Optimism (OP) currently struggles as it moves inversely to Bitcoin’s price trends. While Bitcoin often boosts altcoin prices during rallies, Optimism defies this pattern due…
Filed under: News - @ May 21, 2024 10:20 am