1/ ICYMI my keynote (or two) at #ApexDevSummit, I want to highlight the exciting updates coming to the #XRPL πŸ‘‡
2/ Today, XRPL devs can take advantage of the 1st implementation of Federated Sidechains – a toolkit or test lab to build your own blockchain while still enjoying the benefits and functionality of the #XRPL Mainnet. @MonkScott dives in here: bit.ly/3AWFVkB
3/ Sidechains make it easy for developers to customize the chain for their use cases, such as private networks, securities trading, DeFi...
4/ Speaking of DeFi, bringing Ethereum smart contracts to the XRPL could lower the barriers to entry for developers to build powerful DeFi apps with cross-chain interoperability.
5/ And we're working on an Ethereum Virtual Machine (EVM) sidechain! Between Ethereum smart contracts, Hooks and Smart Transactors, XRPL developers will be able to build whatever they want.
6/ On that note – applications for the second wave of the XRPL Grants program opened today, with a focus on projects that leverage Federated Sidechains. Apply here: xrplgrants.org
7/ I also talked about the XRPL’s built-in decentralized exchange (DEX). The XRPL is the OG DEX and could leapfrog other DEXes by offering novel Automated Market Makers (AMMs).
8/ A unique AMM implementation could allow those who provide liquidity for AMMs to take a large share of the profits that are normally taken by arbitrageurs. (While an early idea, bringing this AMM approach to the XRPL could be a game-changer).
9/ Lastly, a few months ago, @RippleXDev shared that it’s proposing an NFT standard (xls-20) which would bring native, on-ledger NFTs. Code will be released on devnet soon and, if adopted, xls-20 could make the XRPL an attractive destination for devs to build new NFT apps.

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More from @JoelKatz

7 Jun
Today I introduced my vision for adding federated sidechains to the XRP Ledger which means a lot of things but essentially that anyone who wants to, can run a sidechain to the XRPL. 1/6 dev.to/ripplexdev/a-v…
The β€œfederator” is software that acts as a bridge between at least two instances of the XRP Ledger, i.e. the XRPL mainnet and one or more sidechains. 2/6
This concept would allow each sidechain to have its own ledger and transactions, as well as a federation system that allows XRP and issued tokens (BTC, fiat, anything really) to move from one chain to another. 3/6
Read 6 tweets
24 Feb
Version 1.7.0 introduces key improvements that directly impact the network’s server operators, i.e. slashing memory usage by 50% to reduce server cost and improve server stability. 1/4
Memory is a critical (but scarce) resource (esp. w/ virtualization), short-term usage specifically is a huge pain-point for server operators. By reducing the amount required, small servers and large clusters alike benefit. 2/4 (More on this here: blog.ripplex.io/how-ripples-c-…)
Also newly introduced is forward ledger replay, which helps to save server time and bandwidth by "playing forward" transactions from a previously saved ledger until it catches up to the network, improving network stability. 3/4
Read 4 tweets
29 Jan
Investors in almost everything can reasonably expect their gains to average well above what they could get if they took no risk. A stock portfolio might average 6% or 8% a year, more than bonds or savings accounts. 1/6
But really, no investment can be rationally expected to do significantly better than any other once adjusted for risk. Why? Because if one was, it would get crowded and whatever value it could produce diluted until it was no longer significantly better. 2/6
This is why I opposed bailouts for travel companies throughout the pandemic. Their owners made good money for many years and in exchange they took the risk that a global event would devastate their industry. That's the deal. 3/6
Read 6 tweets
22 Jan
So we know exactly what happened with that bitcoin double spend transaction. It was a weird situation where an attempt was made to raise the fee on a transaction but the original transaction succeeded instead. 1/5
I do consider it a double spend. A valid transaction that someone could have seen as being confirmed was later orphaned by a conflicting transaction. But it's reasonable to not agree that's a double spend. 2/5
It's arguable whether it's an RBF instance or not. Someone could have relied on the first transaction, even if they were aware of RBF. But it was the low fee of the first transaction that allowed the second transaction to be relayed. 3/5
Read 5 tweets
21 Jan
A couple of years ago, my parents were supposed to take a cruise to Alaska. But, sadly, my father became too ill to go. So my wife and I generously offered to take their tickets and go on the cruise for them.
We had to change their excursions to ones more appropriate to our tastes. And one thing we really looked forward to was a helicopter ride to a glacier. But when we got there, the weather was awful.
The helicopter guys told us that they would not fly in that weather and offered us another day. But our ship was only in that port for that day. We were sad, but ...
Read 8 tweets
11 Jan
@VentureCoinist @MycolePawket @Ripple If you don't know which asset you'll need next, it makes sense to hold the bridge asset. If you are just being opportunistic and want to make money, you want to hold the asset people will need when they sell a rare asset cheap and that will be the bridge asset.
@VentureCoinist @MycolePawket @Ripple I don't buy the argument that the performance of the native chain doesn't matter. If that were true, bitcoin wouldn't have been a significant innovation because it's just a better native chain. If it takes hours to set up a pipe or fund a pipe, you need to pre-fund the pipe.
@VentureCoinist @MycolePawket @Ripple XRP has less regulatory clarity in the US than bitcoin. Maybe less than ETH. Everything else, ... Who knows?
Read 11 tweets

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