Discover and read the best of Twitter Threads about #InterLedger
Most recents (12)
[1/🧵] I believe @bob_way has already gone way overboard with #ILP and all the complexities of explaining all that needs to be expressed. ❤️
Still, let me make a few remarks on the following topics 👇
• Infrastructure layers of #ILP
• #XRPL Payment Channels
• "Ledger Graphs"
Still, let me make a few remarks on the following topics 👇
• Infrastructure layers of #ILP
• #XRPL Payment Channels
• "Ledger Graphs"
[2/17] — Infrastructure Layers of #Interledger —
When it comes to the most recent version of the open #ILPv4 suite in universal mode (high volume, low value payments), the layering is as follows:
1⃣ Application
2⃣ Transport
3⃣ Interledger (Core Layer)
4⃣ Link
5⃣ Ledger
When it comes to the most recent version of the open #ILPv4 suite in universal mode (high volume, low value payments), the layering is as follows:
1⃣ Application
2⃣ Transport
3⃣ Interledger (Core Layer)
4⃣ Link
5⃣ Ledger
[3/17] — 1⃣ Application Layer —
This is the suite's first layer, and it contains the following protocol:
➡️ #SPSP (Simple Payment Setup Protocol)
📝 This is for #identifiers, which are comparable to email addresses and are used to make addresses readable.
This is the suite's first layer, and it contains the following protocol:
➡️ #SPSP (Simple Payment Setup Protocol)
📝 This is for #identifiers, which are comparable to email addresses and are used to make addresses readable.
[1/12] To understand what else is needed to create a financial future based on #blockchain technology, just consider what the #Interledger #Protocol was NOT designed to do. 😉
[A #Thread 🧵]
[A #Thread 🧵]
[2/12] 🤔 What problem does #ILP genuinely address?
Just like the #internet will never agree on a single #protocol to fix everything, the world will never agree on a single #blockchain or ledger [#DLT].
What must be resolved is:
🔹 Addressing
🔹 Fragmentation
Just like the #internet will never agree on a single #protocol to fix everything, the world will never agree on a single #blockchain or ledger [#DLT].
What must be resolved is:
🔹 Addressing
🔹 Fragmentation
Looking through my Twitter bookmarks, it dawned on me the threads within are likely very useful as a reference for others, so I've put together the $qnt 🧵of🧵's
Featuring top #qnt alpha: @SanNL11 @JustATechGuy_ @GregLunt27 @Tokenicer @CryptoSeq @philocarrot
1/11
Featuring top #qnt alpha: @SanNL11 @JustATechGuy_ @GregLunt27 @Tokenicer @CryptoSeq @philocarrot
1/11
A thread into $qnt's role in trade finance and the 3 trade and supply chain consortiums that Qnt bagged by @SanNL11
2/11
2/11
An important document👇
Project Stella ECB + Bank of Japan
Synchronized Corssborder payments 2019
@Interledger @Hyperledger
My Theory
#Ripple < #ILP < $XRP pay channels for settlement
--Technical DLT Information--
#Interledger #PoC #Ripple #XRP #DLT
ecb.europa.eu/paym/intro/pub…
Project Stella ECB + Bank of Japan
Synchronized Corssborder payments 2019
@Interledger @Hyperledger
My Theory
#Ripple < #ILP < $XRP pay channels for settlement
--Technical DLT Information--
#Interledger #PoC #Ripple #XRP #DLT
ecb.europa.eu/paym/intro/pub…
Intro.
Warning:
This is very technical information for people interested in DLT and banking payment upgrades.
Not for the faint of heart.
Warning:
This is very technical information for people interested in DLT and banking payment upgrades.
Not for the faint of heart.
Talks about Bank of England synchronized settlement of RTGS
I've seen that before and the common denominator was @Interledger #ILP #fintech #payments #settlement
3rd photo is the Bank of England document I read years ago on the ILP PoC success.
I've seen that before and the common denominator was @Interledger #ILP #fintech #payments #settlement
3rd photo is the Bank of England document I read years ago on the ILP PoC success.
Want to be in the top 1%?
Find the blockchain projects 99% aren't looking at.
I've done 1000s of hours of research on some of the best projects and compiled them into educational threads for other citizens to research
Here are some of my deep dives🌊
--Thread of Threads--
Find the blockchain projects 99% aren't looking at.
I've done 1000s of hours of research on some of the best projects and compiled them into educational threads for other citizens to research
Here are some of my deep dives🌊
--Thread of Threads--
My focus is on long-term utility blockchain/ DLT projects⛓
Not short-term meme coins
These threads will cover:
• CBDC's
• IoT + IoV
• Innovation
• Supply chain
• Data protection
• Paperless trade finance
• Cheap payment infrastructure
• Interoperability of DLT ledgers
Not short-term meme coins
These threads will cover:
• CBDC's
• IoT + IoV
• Innovation
• Supply chain
• Data protection
• Paperless trade finance
• Cheap payment infrastructure
• Interoperability of DLT ledgers
1. A beginner's guide to understanding the difference between the terms cryptocurrencies and blockchain.
#DLT #Blockchain #education #fintech #innovation #tokenization #4th #Industrial #Revolution #4IR #education #Finance #crypto #knowledge
#DLT #Blockchain #education #fintech #innovation #tokenization #4th #Industrial #Revolution #4IR #education #Finance #crypto #knowledge
Everyone knows the term cryptocurrency
But few understand what blockchain technology is and how it's revolutionizing industries across the globe
A list of information on why you should research blockchain technology
--Thread--
But few understand what blockchain technology is and how it's revolutionizing industries across the globe
A list of information on why you should research blockchain technology
--Thread--
1. Blockchain is the underlying technology that cryptocurrencies are built upon.⛓
Yes, it's more than a digital currency.
Blockchain / DLT (distributed ledger technology) provides an immutable, digital ledger that is always updating with transactions happening in real-time. 📖
Yes, it's more than a digital currency.
Blockchain / DLT (distributed ledger technology) provides an immutable, digital ledger that is always updating with transactions happening in real-time. 📖
2. What are the benefits of using Blockchain or DLT?🤔
Check out the pictures below to see how DLT technology will revolutionize industries. 👇
Shout out to @MikeQuindazzi for his awesome benefits infographic
#blockchain #DLT #innovation #financial #cryptocurrency #education
Check out the pictures below to see how DLT technology will revolutionize industries. 👇
Shout out to @MikeQuindazzi for his awesome benefits infographic
#blockchain #DLT #innovation #financial #cryptocurrency #education
95% of people are chasing meme coins
But few are looking at one of the biggest long-term opportunities in crypto...
A deep dive into how $XRP is building a frictionless decentralized liquidity pool for the world 🌍
(Not financial advice)
/THREAD/
But few are looking at one of the biggest long-term opportunities in crypto...
A deep dive into how $XRP is building a frictionless decentralized liquidity pool for the world 🌍
(Not financial advice)
/THREAD/
1/ The problem:
“With today’s internet of information you can’t store, move, transact value without a powerful intermediary. And that’s what blockchains solve”
Quoted by @dontapscott a leader in the decentralized blockchain revolution
“With today’s internet of information you can’t store, move, transact value without a powerful intermediary. And that’s what blockchains solve”
Quoted by @dontapscott a leader in the decentralized blockchain revolution
@dontapscott 2/ Before blockchain
The internet had a problem with transferring $ value peer to peer
The only 2 options for sending money were:
1. Send $ using a cross border payment via bank transfers
2. Use a 3rd party and trust a stranger with private information
Lets dive into those👇
The internet had a problem with transferring $ value peer to peer
The only 2 options for sending money were:
1. Send $ using a cross border payment via bank transfers
2. Use a 3rd party and trust a stranger with private information
Lets dive into those👇
The Gates Foundation New Partnership with EU European Investment Bank
What kind of relationship does the gates foundation have with blockchain technology?
Share your research in the comments!👇
sciencebusiness.net/climate-news/n…
What kind of relationship does the gates foundation have with blockchain technology?
Share your research in the comments!👇
sciencebusiness.net/climate-news/n…
Some partnerships I have seen over the years
Bill & Melinda Gates Foundation Creates Mojaloop foundation and partner with
#Ripple #Interledger #ILP $XRP
Bill & Melinda Gates Foundation Creates Mojaloop foundation and partner with
#Ripple #Interledger #ILP $XRP
Details of the Ripple & Mojaloop Partnership and how it's changing the world of payments in developing countries.
One day this could include a new 1.6 billion people of the unbanked to participate in global trade.
#unbanked #fintech #financialinclusion #XRP #ILP
One day this could include a new 1.6 billion people of the unbanked to participate in global trade.
#unbanked #fintech #financialinclusion #XRP #ILP
Reasons why I believe the legacy cross-border payments system is broken and the future solution to the problem.
For example, if you send $150+ dollars from Canada to Japan
The bank charges you a $50 transaction fee. (which is expensive to third world countries)
For example, if you send $150+ dollars from Canada to Japan
The bank charges you a $50 transaction fee. (which is expensive to third world countries)
Second thing they tell you is money doesn't move on weekends or holidays..
So you ask when will the other side get their money?
Sir, we do not have end-to-end tracking on cross-border payments. It's up to the receiving party to let you know when they get it.
What? It's 2021...
So you ask when will the other side get their money?
Sir, we do not have end-to-end tracking on cross-border payments. It's up to the receiving party to let you know when they get it.
What? It's 2021...
We can send an email across borders instantly why not money?
The answer is legacy swift system uses the correspondent banking system.
Your payment travels through multiple banks ledgers, going through the clearing process which can take days. KYC + AML processes.
The answer is legacy swift system uses the correspondent banking system.
Your payment travels through multiple banks ledgers, going through the clearing process which can take days. KYC + AML processes.
The World Bank recently tested several #blockchain #interoperability methods.
They mention 4 approaches:
1. Oracles and Notaries
2. Sidechains/Relays
3. Time-bound Asset Locking and Release
4. Application Layer Adaptors
They mention 4 approaches:
1. Oracles and Notaries
2. Sidechains/Relays
3. Time-bound Asset Locking and Release
4. Application Layer Adaptors
Mentioned in the approaches:
1. Oracles & Notaries ( $LINK )
2. Sidechains/Relays/Value Transfer ( $DOT and #interledger)
3. Time-bound Asset Locking and Release (HTLC)
4. Application Layer Adaptors/API Approach (DAML smart-contracts & $QNT @Overledger any-to-any blockchain app)
1. Oracles & Notaries ( $LINK )
2. Sidechains/Relays/Value Transfer ( $DOT and #interledger)
3. Time-bound Asset Locking and Release (HTLC)
4. Application Layer Adaptors/API Approach (DAML smart-contracts & $QNT @Overledger any-to-any blockchain app)
The World Bank tested 3 of the 4 approaches:
2⃣- Interledger
3⃣ - HTLC
4⃣ - API approach for a *non-smart contract* Procure-to-Pay resource
It sounds like they used @quant_network @Overledger in test number 4, as a non-smart contract-specific data service was created.
2⃣- Interledger
3⃣ - HTLC
4⃣ - API approach for a *non-smart contract* Procure-to-Pay resource
It sounds like they used @quant_network @Overledger in test number 4, as a non-smart contract-specific data service was created.
You have to think about this. #Ripple has worked with 50 Central Banks. If they launch their CBDCs' on the ledger, that eats through XRP supply, massively, per David Schwartzs' video 9-10 months ago. There would be no reason why he would provide this content if it wasn't coming.
Open your eyes, and keep a myopic view point to a minimal. "When" (Noted in #WEF20: Tharman Shanmugaratnam: "That doesn't necessarily mean the public sector is going to be the provider of the infrastructure OR THE DIGITAL TOKENS."
they launch their #CBDCs' on the #XRP Ledger, they will have "settlement" capabilities of 4 seconds. They will have the ability to settle cross-border payments in 4 seconds, on top of that, they will have the ability for atomic swaps with #InterLedger.
