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"
[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
[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.
Read 18 tweets
I wanted to thank @bob_way once more for this 4 hour Twitter space marathon.

Today I realized that I am still in the early stages of learning about #ILP and the #XRPL.

In case you missed it today, here are all the sources we discussed: 🧵👇
2⃣ — Local Exchange Trading Systems (#LETS)

investopedia.com/terms/l/local-…
Read 11 tweets
[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 🧵] Source: https://www.w3.org/2016/07/01-ILP-Update-2016-07-01.
[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 The Interledger
[3/12] ❗️ To make it easy and #ELI5-friendly here is everything in one picture:

When Alice wants to send money to @bob_way, #ILP will perform all the heavy lifting so she doesn't have to worry about #wallet addresses (#PubKeys) and the like. Source: https://www.w3.org/2016/07/01-ILP-Update-2016-07-01.
Read 14 tweets
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
A thread into $qnt's role in trade finance and the 3 trade and supply chain consortiums that Qnt bagged by @SanNL11



2/11
A study of some potential connections to #CBDCs between $QNT & $LCX by @Tokenicer



3/11
Read 13 tweets
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…
Intro.

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.
Read 8 tweets
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-- Image
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 Image
Read 18 tweets
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-- Image
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. 📖 ImageImage
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 ImageImage
Read 18 tweets
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/ Image
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 Image
@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👇 Image
Read 33 tweets
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…
Some partnerships I have seen over the years

Bill & Melinda Gates Foundation Creates Mojaloop foundation and partner with

#Ripple #Interledger #ILP $XRP ImageImage
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 ImageImage
Read 12 tweets
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)
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...
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. ImageImage
Read 13 tweets
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 Image
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) ImageImage
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. Image
Read 5 tweets
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.
Read 9 tweets

Related hashtags

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3.00/month or $30.00/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!