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Root Network Introduces XRP Rewards and Enables Seamless Token Swaps and Liquidity Between XRP Ledger and Ethereum Virtual Machine

June 21 (Cointime) - Root Network is set to tackle the interoperability issue between the XRP Ledger and the Ethereum Virtual Machine (EVM) by offering XRP rewards to validators and stakers. The network also allows users to pay gas fees in XRP, promoting a seamless token swap experience and facilitating the conversion of other cryptocurrencies into XRP.

Root Network has established a connection to the XRPL decentralized exchange (DEX), providing users with enhanced opportunities for token swaps and trading. The XRP Ledger has demonstrated significant growth in Q1 2021, with an increase in daily active addresses and transactions, as well as the introduction of the XLS-20 standard for non-fungible token (NFT) transactions.

Root Network's innovative solutions and integration with the XRPL DEX are pivotal steps towards bridging the gap between the Ethereum and XRP ecosystems.

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