Discover and read the best of Twitter Threads about #XRPL
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How the $XRP Ledger decentralizes finance and empowers individuals and businesses since 2012🧵1/11
#XRPL is an open-source, decentralized blockchain, with a robust technology that pioneered DeFi by introducing the first DEX, tokenization of assets & more.
#XRPL is an open-source, decentralized blockchain, with a robust technology that pioneered DeFi by introducing the first DEX, tokenization of assets & more.
Since day 1, the main goal of the XRPL has been to empower individuals, give them full control over their assets, and give them access to financial services without the need for banks and centralized entities that have many burdens and disadvantages.
By introducing a DEX, creation of tokens and IOUs, escrows and other amazing features, the XRPL started the DeFi movement without most people realizing it. Individuals and businesses could and can trade and transact in a global marketplace without any banks involved.
The $XRP Pricing Enigma, a 🧵:
First and foremost.. in my opinion XRP isn't crypto. It's something different.
It's Halal compliant. It's Sharia compliant.
XRP is part of the network on which the world's transactions will inter-exchange.
First and foremost.. in my opinion XRP isn't crypto. It's something different.
It's Halal compliant. It's Sharia compliant.
XRP is part of the network on which the world's transactions will inter-exchange.
This means that XRP forms the point of reference for all kinds of exchange swaps: not just currencies but assets, stocks, financial instruments, business governance, etc.. will be interchanged via this base layer aka the #XRPL.
As of August of last year "Money in the form of investments, derivatives, and cryptocurrencies exceeds 1.3 quadrillion."
Regarding XRP, there's only ever going to be 100 billion tokens, and each transaction decreases the total number.
Regarding XRP, there's only ever going to be 100 billion tokens, and each transaction decreases the total number.
🌉 Important announcement to all 🌉
The XRP Ledger ecosystem will have a new, separate ledger that will have $XRP as its native asset.
More on this thread 👇 ...
The XRP Ledger ecosystem will have a new, separate ledger that will have $XRP as its native asset.
More on this thread 👇 ...
The Hooks sidechain is a separate ledger, powered by the XRP Ledger Consensus Protocol with the Hooks amendment enabled.
It will introduce a unique line of features, applications and opportunities to grow that are practically nonexistent on the #XRPL.
It will introduce a unique line of features, applications and opportunities to grow that are practically nonexistent on the #XRPL.
With Hooks, developers are able to build and deploy a variety of products & features without needing to push changes directly on rippled, which may take up months to even show up on the network for voting.
This is AMAZING, the rate of R&D on the XRPL ecosystem will sky rocket.
This is AMAZING, the rate of R&D on the XRPL ecosystem will sky rocket.
Care about #XRP? #XRPL?
There is an important debate about the XLS-38d Cross Chain Bridge amendment you will want to understand. Why?
Centralization and its legal implications. A simple summary of the discussion. 🧵/9
There is an important debate about the XLS-38d Cross Chain Bridge amendment you will want to understand. Why?
Centralization and its legal implications. A simple summary of the discussion. 🧵/9
2. As written, XLS38d Bridges require "witness" servers, a 3rd party server that verifies a chain locks up assets to be represented on another. A witness server testifies Chain A locked up 100 XRP in a "door account" & the the door account on Chain B issued a wrapped 100 eXRP.
3. So how do you "choose" to trust a witness server? Roughly, the door accounts on the chains choose a witness using a multi-signer list. "...the multi-signer's list on the door account are the witness server's signing keys. This is essentially the list of witness servers."
🚨 THE BEST THREAD FOR THE WEEKEND 🚨
1/6 Yesterday I shared a part from a PDF that confirms that Russia central bank did tested #XRP in 2018. Now check this out 🤫
What happened in 2022 ? War between #Russia and #Ukraine what happened after that ?
1/6 Yesterday I shared a part from a PDF that confirms that Russia central bank did tested #XRP in 2018. Now check this out 🤫
What happened in 2022 ? War between #Russia and #Ukraine what happened after that ?
2/6 Sanctions against Russia. One of the sanctions is #SWIFT.
#Blockchain is able to mitigate these disadvantages, and secondly, it can be used as its alternative, in case of disconnection of a country from #SWIFT.
#Blockchain is able to mitigate these disadvantages, and secondly, it can be used as its alternative, in case of disconnection of a country from #SWIFT.
How it will work
Banks will run Private #XRP Ledgers, and will issue their own stablecoins on top of it. They will transact their day to day business privately as usual.
At a point (say daily/weekly/monthly) they will settle out to the PUBLIC ledger through liquidity hubs.
1/#
Banks will run Private #XRP Ledgers, and will issue their own stablecoins on top of it. They will transact their day to day business privately as usual.
At a point (say daily/weekly/monthly) they will settle out to the PUBLIC ledger through liquidity hubs.
1/#
No bank in the world will publicly reveal their transactions / customer accounts to the public.
This is privacy 101, it’s the way it’s always been and will not change due to new technology.
2/#
This is privacy 101, it’s the way it’s always been and will not change due to new technology.
2/#
Once a batch of private transactions are bundled, sent to Liquidity Hub, those bundles will not include ANY customer data, like a stash of blind data with a value.
The Liquidity Hub is a second layer of obscurity where this 3rd Party will trade bundles with other bundles.
3/#
The Liquidity Hub is a second layer of obscurity where this 3rd Party will trade bundles with other bundles.
3/#
[1/🧵] #THREAD — A (very brief) summary of what will change on the #XRPLedger as a result of these amendments (if passed). 👇
#XRPLCommunity #xrpthestandard #xrpholders #XRPArmy #XRPCommunity #XRPL #XRP #Ripple
#XRPLCommunity #xrpthestandard #xrpholders #XRPArmy #XRPCommunity #XRPL #XRP #Ripple
[2/12] — #DisallowIncoming —
ℹ️ Adds 4 additional "settings" (flags) to the #XRPL to better granularly manage the permissions specified on your account.
More Details 👇
ℹ️ Adds 4 additional "settings" (flags) to the #XRPL to better granularly manage the permissions specified on your account.
More Details 👇
[3/12] — #fixNonFungibleTokensV1_2 —
ℹ️ Several bug fixes across the board for #XRPL #NFTs (#NFToken Object).
More Details 👇
ℹ️ Several bug fixes across the board for #XRPL #NFTs (#NFToken Object).
More Details 👇
[1/🧵] You've heard of @XummWallet but aren't sure if you can #trust its #security?
You'll learn about @cossacklabs' most recent security assessment and why the #XUMM #wallet strives to maintain the highest security standards.
Follow along in this "all-in-one security 🧵" 👇
You'll learn about @cossacklabs' most recent security assessment and why the #XUMM #wallet strives to maintain the highest security standards.
Follow along in this "all-in-one security 🧵" 👇
[1/🧵] Ah, #XRPL, the #blockchain of choice for tech-savvy investors looking to make a quick buck in the world of #Web3 domains.
Why bother with @ICANN when you can just get an NFT? Isn't it practically the same?
WRONG! 🧵👇
Why bother with @ICANN when you can just get an NFT? Isn't it practically the same?
WRONG! 🧵👇
[2/22] — Outline —
🔸 Fundamentals and Definitions
🔸 #Web2 vs. #Web3
🔸 "Domain" Projects
🔸 @fynbosdev and #ILP
🔸 A Better Approach (#XRPL)
🔸 Standardization
🔸 Fundamentals and Definitions
🔸 #Web2 vs. #Web3
🔸 "Domain" Projects
🔸 @fynbosdev and #ILP
🔸 A Better Approach (#XRPL)
🔸 Standardization
[3/22] — 1⃣ Fundamentals — Domain —
#Domains are #namespaces that are used for coupling #IP-addresses to human-readable names for ease of use.
They are also organized in a hierarchical structure for governance purposes.
#Domains are #namespaces that are used for coupling #IP-addresses to human-readable names for ease of use.
They are also organized in a hierarchical structure for governance purposes.
1/ To be honest, I'm having a hard time comprehending this one, but I came up with a simple example that could help. 🧵
@woj4ke Please correct me if I am incorrect.
I'll probably delete this later if it doesn't make sense.
@woj4ke Please correct me if I am incorrect.
I'll probably delete this later if it doesn't make sense.
2/ Assume I develop a #decentralized gaming app (L2-Smart Contract) with 10 nodes hosted all over the world to be redundant and reliable while processing #smartcontract data in the #network.
➡️ The purpose of this #game is to walk from the starting point to the finish line.
➡️ The purpose of this #game is to walk from the starting point to the finish line.
3/ On the players route to the finish line, there are rocks to leap over.
After successfully leaping over a rock, a #transaction on the #dApp gets crafted, granting the player 1 issued #Token labeled "JUMP".
After successfully leaping over a rock, a #transaction on the #dApp gets crafted, granting the player 1 issued #Token labeled "JUMP".
FRAMING: In Aug, #Ripple published "Payments by the Numbers Guide." that sets their course very clearly, presenting 3 use cases; remittances, SME payments, & Treasury Flows. Surprised this hasn't generated more discussion as it's illuminating.
1/10, but there are pictures.
1/10, but there are pictures.
2. The doc is straight to the point, using 3 partners to demonstrate 3 use cases for #RippleNet.
REMITTANCES = Tranglo
SME PAYMENTS = Novatti
TREASURY = Pyypl
REMITTANCES = Tranglo
SME PAYMENTS = Novatti
TREASURY = Pyypl
3. This is important framing & clarifying as these are the major partner/investment annc's from the last couple of years that are using #RippleNet with #XRP. There are other partners of course, but these are the XRP users.
[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/🧵] @DigiEuro interviewed @moderndosh and @AntonyWelfare on the @Ripple #CBDC-Manager software.
The underlying private #CBDC-ledger based on #XRPL was also heavily discussed.
I summarized the most of the interview for you, along with my personal comments. 🧵👇
The underlying private #CBDC-ledger based on #XRPL was also heavily discussed.
I summarized the most of the interview for you, along with my personal comments. 🧵👇
[2/19] To begin, if you are completely unfamiliar with #CBDCs and the #Ripple solution, here is a nice place to start:
[3/19] One important reason for using a private version of the public #XRPL is that a central #bank needs to be able to control the #money supply.
Why use a private ledger ❓
▶️ Central banks and #governments must be able to mint and destroy #currencies.
Why use a private ledger ❓
▶️ Central banks and #governments must be able to mint and destroy #currencies.
[1/🧵] Beautifully crafted thread. 👍
Even though I mostly agree with everything expressed, there are some mistakes made based on terminology starting with the word "token".
A thread (🧵) about my opinions, which are hopefully more uplifting. 👇
Even though I mostly agree with everything expressed, there are some mistakes made based on terminology starting with the word "token".
A thread (🧵) about my opinions, which are hopefully more uplifting. 👇
[2/10] Let's start with a definition of "token" and see if we can locate a suitable statement in the #web.
What is a token ❓
❝ A crypto token is a representation of an asset or interest that has been tokenized on an existing cryptocurrency's blockchain. ❞
What is a token ❓
❝ A crypto token is a representation of an asset or interest that has been tokenized on an existing cryptocurrency's blockchain. ❞
I defend secondary market sales of #XRP as well as other tokens sold in the secondary market (ie #LBC), not @Ripple or @LBRYcom.
When I sued the SEC, people immediately called me the #XRP Attorney even though I disclosed up front that I owned more in #BTC & #ETH than #XRP.
When I sued the SEC, people immediately called me the #XRP Attorney even though I disclosed up front that I owned more in #BTC & #ETH than #XRP.
I was shocked that more people didn’t read the Complaint 🆚 Ripple the way I did - b/c it attacked the token itself and didn’t focus on the circumstances surrounding the way Ripple offered and sold #XRP.
Many allegations about #XRP applied to all other tokens.
For example:
Many allegations about #XRP applied to all other tokens.
For example:
“The nature of XRP itself made it the common thread among Ripple, its management, and all other XRP holders.”
The “nature of XRP itself”?
Wtf does that even mean?
The SEC is asserting that by simply owning a token you are in a common enterprise with ALL other token holders!
The “nature of XRP itself”?
Wtf does that even mean?
The SEC is asserting that by simply owning a token you are in a common enterprise with ALL other token holders!
Portfolio: Recently announced #Ripple partner Choice International (UK), is a co that supports money transfer businesses especially with de-risked nations requiring tight AML/KYC; places where liquidity is difficult. So how are they using ODL?
1/5
choicemoney.co.uk/about-us
1/5
choicemoney.co.uk/about-us
2. The main co offers all manner of services including cards and white labeled mobile apps.
choicemoney.co.uk/become-choice-…
choicemoney.co.uk/become-choice-…
3. Choice International also has a forex division, which seems like the most obvious ODL implementation. What is notable about their forex business is that they only facilitate tx's for tangible goods, b2b. -There is an invoice for every tx.
choice-forex.co.uk/about
choice-forex.co.uk/about
I always like to back up anything I say with facts - explaining why I believe the way I do. In the next tweet 👇 of this 🧵, I’m going to quote the @SECGov’s summary judgment argument 🆚 @Ripple. The following quote perfectly summarizes the SEC’s theory in a nutshell:
“Defendants do not dispute that they offered and sold XRP in exchange for ‘money’, which suffices to establish the ‘investment of money’ aspect of the Howey test. Defendants’ statements and efforts as to XRP...establish the other aspects of the Howey test as a matter of law.”
Now that’s an interesting way to approach the Howey Test. I’ve said in the past that the SEC is attempting to apply the functional equivalent of the “BUT FOR” test to securities laws.
During this 🧵, I share the interview I did w/@Jay_SpendDBits well over a year ago when I was researching the #XRPLedger and independent developers who have no connection to @Ripple or its executives.
@Spend_The_Bits is a PERFECT example of what’s wrong w/the SEC lawsuit.
@Spend_The_Bits is a PERFECT example of what’s wrong w/the SEC lawsuit.
In fact, there have been 15 Amicus Briefs filed in the @Ripple case and if Judge Torres were to inform me that she was only going to read one Amicus Brief but was going to allow me to pick the one she reads, I would tell her to carefully read the @Spend_The_Bits Amicus Brief.
The @Spend_The_Bits Brief may be the best at demonstrating how flawed the SEC’s all-encompassing #XRP theory is.
Like most in Crypto, Jay read the #Bitcoin White Paper and bought #BTC
He knew #Bitcoin was going to be part of the future and decided to develop a payments app.
Like most in Crypto, Jay read the #Bitcoin White Paper and bought #BTC
He knew #Bitcoin was going to be part of the future and decided to develop a payments app.
[1/🧵] — #XRPL (#XRP) vs. @Ripple #CBDC —
A short thread comparing and contrasting the #opensource public #decentralized #XRPLedger with #Ripple's private #CBDC Ledger based on XRPL👇
A short thread comparing and contrasting the #opensource public #decentralized #XRPLedger with #Ripple's private #CBDC Ledger based on XRPL👇
[2/6] ▶️ What do central bankers expect?
✅ #Interoperability — ILP
❌ #Security, #Trust & #Speed — Unregulated
⚠️ #OverlayServices — Hooks and @EvernodeXRPL
✅ #Access and #Inclusion — XRPL-DEX & AMM
✅ #Stability & #Resilience — 10+ years old (XRPL)
✅ #Interoperability — ILP
❌ #Security, #Trust & #Speed — Unregulated
⚠️ #OverlayServices — Hooks and @EvernodeXRPL
✅ #Access and #Inclusion — XRPL-DEX & AMM
✅ #Stability & #Resilience — 10+ years old (XRPL)
[1/🧵] With all of the #XRPBuyback debate going on, there is one aspect that frequently gets misrepresented
▶️ People conflating the terms "#price" and "#value"
Because the definitions differ, it is essential to comprehend the distinctions
Let us evaluate it more closely. 👇🧵
▶️ People conflating the terms "#price" and "#value"
Because the definitions differ, it is essential to comprehend the distinctions
Let us evaluate it more closely. 👇🧵
1|
When was the last time you did an analysis of the distribution of #XRP on the #XRPLedger?
How and where can you even do that?
And can you do it yourself at all?
I'm happy to show and I've also worked up the data (visually) directly.
When was the last time you did an analysis of the distribution of #XRP on the #XRPLedger?
How and where can you even do that?
And can you do it yourself at all?
I'm happy to show and I've also worked up the data (visually) directly.
2|
Next, for those who might not know, @xrpscan (xrpscan.com) and @bithomp (bithomp.com) are excellent blockchain explorers (and more) for the #XRPL!
Hearty shout out to the teams of both services whose provided data I used.
Next, for those who might not know, @xrpscan (xrpscan.com) and @bithomp (bithomp.com) are excellent blockchain explorers (and more) for the #XRPL!
Hearty shout out to the teams of both services whose provided data I used.
3|
And also to @WietseWind with whose help the easy creation of the pure data of the #XRPL was possible at all (for me) as well as to @Ripple and its operation of the "S1" server (s1.ripple.com) from which I extracted the data of the XRPLedger for this.
And also to @WietseWind with whose help the easy creation of the pure data of the #XRPL was possible at all (for me) as well as to @Ripple and its operation of the "S1" server (s1.ripple.com) from which I extracted the data of the XRPLedger for this.
[1/🧵] Is this you? 🤨
• Holder of #XRP since December 2020
• Has never heard of $FLR before (Hello, #Spark?)
• Has no idea what the fuss is all about
• Slept under a rock for two years
Allow me to bring you up to speed w/ this crash course on @FlareNetworks and $FLR. 🧵👇
• Holder of #XRP since December 2020
• Has never heard of $FLR before (Hello, #Spark?)
• Has no idea what the fuss is all about
• Slept under a rock for two years
Allow me to bring you up to speed w/ this crash course on @FlareNetworks and $FLR. 🧵👇
[2/20] If you've been following this topic, you'll recall that there was once a #XRPL snapshot:
• 12th December 2020, 00:00 UTC
• #XRP Ledger index 60,155,580
. . .
• 12th December 2020, 00:00 UTC
• #XRP Ledger index 60,155,580
. . .
[3/20] . . .
You may recall that you had to claim your #Spark coins by providing your #EVM-based $FLR address in the message key field of your #XRPL account.
→ claim period expired on #XRPLedger index 64,204,315
→ Message could be changed until 11th June 2021, 23:59 UTC
. . .
You may recall that you had to claim your #Spark coins by providing your #EVM-based $FLR address in the message key field of your #XRPL account.
→ claim period expired on #XRPLedger index 64,204,315
→ Message could be changed until 11th June 2021, 23:59 UTC
. . .
[1/🧵] #XRPLedger's Green ♻️ Agenda 2030 — Part 2/2
#XRPL, the leading and first prominent #DLT to achieve 💚 carbon neutrality 💚
Part 2 of this series will teach you all you need to know about the #eco-friendliness of #XRP, the digital asset. 🧵👇
#XRPL, the leading and first prominent #DLT to achieve 💚 carbon neutrality 💚
Part 2 of this series will teach you all you need to know about the #eco-friendliness of #XRP, the digital asset. 🧵👇
[2/26] ⚠️ IMPORTANT NOTICE!
This is typically a heated topic. That is why I will do my best to be neutral, clear, and factual. Expect no guesstimates or personal opinions on this subject.
Everything is stated exactly as it is!
This is typically a heated topic. That is why I will do my best to be neutral, clear, and factual. Expect no guesstimates or personal opinions on this subject.
Everything is stated exactly as it is!
