Thread by @CryptoSeq

1/ A Q I'm often asked is how does Interledger and Overledger compare? Interledger is designed for payments, which it does very well, but in terms of interoperability its scope is limited to the transfer of value of fungible assets. Overledger goes way beyond that
$QNT $XRP

2/ Interledger is made up of a network of connectors, independent operators that will have accounts across multiple ledgers and are able to swap a currency to different currencies via an exchange rate / which will differ depending on the liquidity held in each of these.

3/ Very basic example - Alice wants to send a payment from Ledger 1 to Bob on ledger 3. If there is a connector which has accounts on both Ledger 1 and Ledger 3 then Alice would send payment to that connector's account on Ledger 1 and the connectors account on Ledger 3 would ...

4/ send payment to Bobs account on Ledger 3.

If there isn't a connector that has a direct connection between the two ledgers, then the payment is routed across a number of connectors and exchanged over a variety of assets until it could be converted to the end asset on ledger 3.

5/ Whilst Overledger can also facilitate the transfer of value of fungible assets, it can also do a lot more. Such as the transfer of non-fungible assets and represent them on other blockchains whilst keeping the original ownership.

6/ Non-Fungible assets includes the likes of cryptokitties, but more importantly the tokenisation of real-world assets such as real estate, artwork, oil refineries, cars, identity, software licensing, media etc. Most of the world's assets are unique.

ey.com/en_uk/financia…

7/ Overledger is also not only capable of the transfer of value but also logic and messages between blockchains. Treaty contracts also enable the ability to deploy, query and execute multi-chain smart contracts. Bridge and extend smart contracts across multiple blockchains.

8/ Multi-chain enterprise-grade oracle functionality are also possible with Overledger, connecting any legacy network to any blockchain and smart contract.

medium.com/@CryptoSeq/wha…

9/ Overledger Network is a network of networks, consisting of Overledger gateways which each connect various blockchain nodes (including XRP ledger) as well as legacy networks so value and messages can be routed.

medium.com/@CryptoSeq/the…

10/ Overledger enables interoperability across many blockchains / legacy networks to be processed in parallel rather than being restricted to just 2 connected blockchains. This thread explains how it works in more detail

https://twitter.com/CryptoSeq/status/1312298738891841537

11/ Overledger is a blockchain operating system that enables multi-chain applications to be built, providing a platform for developers to build applications spanning multiple blockchains as well as legacy systems and storing and updating the state across multiple blockchains

12/ Overledger connects to the XRP ledger and enables users and clients from enterprise permissioned blockchains as well as public permissionless blockchains to use the XRP ledger and XRP. Digital Assets can be moved across networks and settlement can then be done with XRP, CBDCs

13/ Quant isn't competing with XRP, it's not a bridge asset, nor is it a blockchain. Overledger provides additional functionality over what Interledger offers, to enable more uses cases for XRP, the XRP ledger and all the other connected blockchains / legacy networks.

14/ For more info on Quant see this 36 tweet thread

https://twitter.com/CryptoSeq/status/1318653571110404097?s=20

15/ And this 50 Tweet thread

https://twitter.com/CryptoSeq/status/1277555274405068801?s=20