Krippenreiter Profile picture
Nov 1, 2022 14 tweets 9 min read Read on X
[1/13] Einen Tag nach Aktivierung des #XLS20-#Amendments auf dem #XRPL, werden stetig neue #NFTs geminted ohne Stabilitätseinbußen

Worüber noch nicht geredet wurde ist die #NFTokenID. Diese ist tatsächlich gar nicht so schwer zu verstehen

Schnappt euch einen ☕️ und let's go! 🧵 Nbougalis NFT ID without details
[2/13] Zuallererst: Für wen die Begriffe "#NFToken Objekt", "#NFTokenPage Objekt" und der generelle techn. Aufbau eines #XRPLedger NFTs fremd sind, bekommt hier nochmal einen Crashkurs, bevor es dann um die Erklärung und den Aufbau der "NFTokenID" geht

👇
[3/13] Schauen wir uns noch einmal erneut die #NFTokenID vom letzten Beispiel im Detail an

Folgende Abschnitte sind zu erkennen:
• Flags / Eigenschaften
• Übertragungsgebühr
• Account-"#ID" des Ausstellers
• "#NFTokenTaxon"
• Automatisch generierte ansteigende Sequenznummer nbougalis NFT ID with sections
[4/13] Hinzu kommt die "Bit-Größe", mit der die #Hexadezimalen Zahlen der #NFTokenID im "Big-Endian" Format abgespeichert werden.

🧐Big-#Endian ist eine Ordnung, in der der höchste Wert in der Folge zuerst an der niedrigsten Speicheradresse gesichert wird nbougalis NFTokenID Explanations with Bits
[5/13] Klingt kompliziert? Ist es auch 🤓

Nehmen wir als Beispiel die gesetzten Flags (die ersten 4 Hex Zahlen der NFT-ID) 0x0002 (#lsfOnlyXRP) und 0x0008 (#lsfTransferable)

2 + 8 = 10 (Die 10 als Dezimal in Hexadezimal ist = 0A)
Big-#Endian: [00][0A]
Little-#Endian: [0A][00] Nbougalis NFTokenID Big-Endian Format
[6/13] Kurze Verschnaufpause! ☕️

Als nächstes gehen wir im Schnellverfahren durch die Abschnitte der #NFTokenID My cat sleeping and dreaming
[7/13] 👉 Flags (ohne TrustLine o. ReservedFlag)

#lsfBurnable — Der Aussteller (oder eine autorisierte Person) kann das NFT zerstören. (Der derzeitige Besitzer darf das jedoch immer)
#lsfOnlyXRP — Handel nur über XRP möglich
#lsfTransferable — Freies Versenden möglich XRPL NFToken Flags
[8/13] 👉 TransferFee

• Gibt die %-Zahl der Gebühren an, die vom Aussteller beim Weiterverkauf des Tokens erhoben werden (Min. 0% [0x0000] u. Max. 50% [0xC350])
• Die 16 Bits von Hex in Dezimal umgewandelt und dann /1000 gerechnet, ergeben die %-Zahl
🠖 AFC8 = 45000/1000 = 45% XRPL NFT TransferFee definitions
[9/13] 👉 Issuer Identification

• Eine in Hex. Zahlen ausgegebene und in Big-Endian geordnete Representation der öff. (public)-Adresse vom Aussteller des NFT

Does anyone know how to go
from
🠖 rp6abvbTbjoce8ZDJkT6snvxTZSYMBCC9S
to
🠖 128D70D0BD5A4EFC70DEF3D8B0EC29B46FC3BB4B
?
[10/13] 👉 NFTokenTaxon u. Sequenznummer

• Minted NFTs vom selben Aussteller können den selben NFTokenTaxon Wert haben.
• Um mehre NFToken auf mehrere NFTokenPages verteilen zu können, "verwürfelt" man einen ausgewählten chiffrierten Wert mit der Seq.-Nummer (Letzten 32-bit)
[11/13] Die Seq. startet bei 0, erhöht sich um +1 und wird dann als Quelle für den Zufallszahlengenerator [RNG] genommen.

Als nächstes wird der vom Aussteller eingegebene NFTokenTaxon Wert genommen u. eben mit genau diesem RNG chiffriert u. in das 32-bit Feld geschrieben. Nbougalis XRPL NFT scambled values
[12/13] Ich hoffe ich konnte damit etwas Licht in's Dunkel bringen. 💡

Sicher ist die Hälfte davon nur für Entwickler/Devs interessant und wird durch UI/Web in Zukunft "versteckt" werden.

Jedoch bin ich immer wieder überrascht darüber, welch helle Köpfe sich sowas ausdenken 🤯
[13/13] Danke an jeden Leser, der sich die Zeit genommen hat, diesen langen Thread zu lesen, auch wenn es dieses Mal schwierig war. ❤️

Falls er dir gefallen hat, kannst du mich hier unterstützen und mir beim Teilen helfen. 👇

• • •

Missing some Tweet in this thread? You can try to force a refresh
 

Keep Current with Krippenreiter

Krippenreiter Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @krippenreiter

Feb 2
[1/🧵] There are people out there who still believe that there are ways to clawback XRP on the XRPL. 🤨

While this is NOT possible & is written all over the official documentation, there is one more argument that should hit the nail on the coffin.

The ULTIMATE reason why 👇 Source: @Krippenreiter
[2/14] — Tokens —

Whenever you hear “clawback”, you should automatically think of “issued assets”.

They are fungible and come in many forms and structures:
🔸 IOUs
🔸 Stablecoins
🔸 Multi-Purpose (later this year)

Anyone can issue these kinds of tokens on the XRP Ledger. Source: https://xrpl.org/docs/use-cases/tokenization/real-world-assets
[3/14] — Structure —

On the XRPL, all currently issued token holdings exist via so-called “trust lines”, i.e. an accounting relationship between a person holding a token & the issuer.

In other words, something to prevent you from holding a token that you don't want. Source: https://xrpl.org/docs/use-cases/tokenization
Read 15 tweets
Dec 14, 2024
[1/🧵] Roughly 68% of all nodes have already upgraded to the latest version of the XRP Ledger server software.

However I bet you have no idea about all the new features that have been introduced, right? 🧐

Here's everything you need to know, short & simple. 👇 Source: https://xrpscan.com/validators
[2/16] — 1⃣ Background —

Nodes upgrading to the latest rippled version 2.3.0 are not automatically forced to vote "Yeas" on any new amendment.

It's up to each validator in the governance process of the XRP Ledger by voting on proposed amendments that get introduced. Source: https://xrplwin.com/nodes
[3/16] — 2⃣ Background —

The reason why some new features are "special" and proposed as an amendment is because they change or affect transaction processing on the XRP Ledger.

Since the XRPL is decentralized you need validators (>80%) to agree on these drastic changes first. Source: https://xrpl.org/docs/concepts/networks-and-servers/amendments
Read 17 tweets
Dec 7, 2024
[1/🧵] XRP Ledger Crashcourse for Beginners!

The XRPL ecosystem is very unique from what many newcomers are used to, which begs the question, “WHAT THE HECK IS EVEN GOING ON HERE?”

Here's everything you need to know packed into one single thread. 👇 Source: https://ripple.com/xrp/
[2/21] — Outline —
🔸 Who is Who?
🔸 XRP Ledger Consensus Protocol
🔸 XRP the Cryptocurrency
🔸 Servers & UNL
🔸 Ledgers
🔸 Payments
🔸 Tokens
🔸 Decentralized Exchange
🔸 Smart Contracts
🔸 Compliance Source: https://www.gagan.pl/crypto/xrpl-funkcja-sprawdzania-na-horyzoncie/
[3/21] — Who is Who? —

The ecosystem broken down to the basics:
🔸 XRP — The Coin
🔸 XRPL — Layer-1 Blockchain
🔸 XRPL Labs — Organization in The Netherlands
🔸 XRPLF — Non-Profit Association in France
🔸 Ripple — For-Profit Company in USA Source: https://ripple.com/
Read 22 tweets
Nov 16, 2024
[1/🧵] The bull run is here and you're new to XRP and the XRP Ledger and don't know where to start? 🤨

Here's a comprehensive list of websites and the essentials you NEED to know to get started and get the hang of the ecosystem!

Follow me as I go! 👇 Source: https://xrpl.org
[2/23] — Outline —
🔸 Introduction
🔸 The "Core"
🔸 Explorers
🔸 Wallets
🔸 Services
🔸 DeFi Source: https://www.gagan.pl/crypto/xrpl-funkcja-sprawdzania-na-horyzoncie/
[3/23] — 1⃣ Introduction —

The XRPL is a decentralized, immutable, censorship-resistant, permissionless DLT that offers several native Layer-1 functions such as AMM, orderbook & tokenization.

The XRPL is NOT Ripple, as Ripple didn't exist when the XRPL was originally released. Source: https://xrpl.org
Read 24 tweets
Oct 8, 2024
[🧵] Most people lose money to the XRPL-AMM! 😢

The reasons vary, but typical beginner's mistakes are the main reason for drastic (im)permanent losses. (pun intended)

If you are an XRPL-AMM beginner, there are exactly 10 golden rules that I think most people should follow 👇 Source: @krippenreiter
[2/15] — TL;DR —

If you don't like pretty pictures, but would rather have someone explain the details to you, you can find my video version of this thread here. 👇

[3/15] — 1⃣ Golden Rule — Source: @krippenreiter
Read 16 tweets
Sep 12, 2024
[1/🧵] The institutional financial future will be completely on-chain, HOWEVER...

It will be trust-based, gated, and fully compliant with:
🔸 KYC—AML—CTF—APF—OFAC

How do you stay compliant on the decentralized and permissionless XRP Ledger that's neutral to its users? 👇 Source: @krippenreiter
[2/18] — Regulatory Compliance —

Institutions who want to work with Ripple to use their tech stack must be careful not to get into trouble while using blockchain technology.

For this, Ripple has pledged NOT to:
🔸 Launder money
🔸 Finance terrorism
🔸 Evade sanctions Source: https://www.mentu.com.py/blog/1807/implementando-el-compliance
[3/18] — KYC —

For institutions who wish to directly use the XRP Ledger, it's critical to always "[K]now [Y]our [C]ustomer".

Just as when you set up a bank account, an institution will not accept complete anonymity or even pseudonymity and will ask for your identity. Source: https://www.investopedia.com/terms/k/knowyourclient.asp
Read 19 tweets

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/month or $30/year) and get exclusive features!

Become Premium

Don't want to be a Premium member but still want to support us?

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

Donate via Paypal

Or Donate anonymously using crypto!

Ethereum

0xfe58350B80634f60Fa6Dc149a72b4DFbc17D341E copy

Bitcoin

3ATGMxNzCUFzxpMCHL5sWSt4DVtS8UqXpi copy

Thank you for your support!

Follow Us!

:(