Krippenreiter Profile picture
Nov 5, 2022 19 tweets 15 min read Read on X
[1/16] Selbstbestimmt #NFTs auf dem #XRPL auszustellen ist derzeit noch sehr schwierig, weshalb sich sog. "#Launchpads" etabliert haben, die den Prozess über eine Webseite erleichtern

Welche Fallstricke sind auffällig? Richtigstellung zur Reserve und techn. Error Meldungen

🧵👇 Source: https://twitter.com/BCBacker/status/1587783142747869
[2/16] Wer den Ablauf der #BCB NFT-Serie ".702" bei Twitter mitverfolgt hat, hat sicher mitbekommen:

"Outch, da lief einiges schief. 😅"

Aber wer hatte Schuld? Welche Fehler waren die Ursache und war vll. sogar der #XRPLedger schuld?
Spoiler: Dem #XRPL geht's prima. 😉 Source: https://nft.onxrp.com/launchpad/details/blockchain-b
[3/16] Fangen wir bei den Fehlern an.

Wie sich jeder vorstellen kann, gibt es eine Unsumme an #Transaktionscodes, deshalb hier die Grundlagen der Präfixe:

• "#tec" – Die Transaktion hat nicht geklappt, aber die Transaktionskosten (min. 0,00001, aka. 10 #drops) wurden zerstört Source: https://xrpl.org/transaction-cost.html
[4/16] • "#tef" – Die Transaktion ist fehlgeschlagen und kann dem Ledger nicht hinzugefügt werden

• "#tel" – Ein lokaler Fehler ist die Ursache (z.B. hohe Serverauslastung auf dem Node - probiere es später nochmal)

• "#tem" – Die Transaktion ist nicht gültig (falsche Syntax) Source: https://xrpl.org/tem-codes.html
[5/16] • "#ter" – Die Transaktion kann nicht ausgeführt werden, aber könnte in einem späteren Ledger erfolgreich sein

• "#tes" – Tatsächlich kein Fehler, sondern die Rückmeldung, dass die TX erfolgreich war, aber noch in einem finalisierten Ledger validiert werden muss Source: https://xrpl.org/transaction-results.html
[6/16] Die wichtigsten #XRPLedger #NFT-spezifischen Error-Codes wurden von @msvadari schon bereits perfekt zusammengefasst.🙏 Danke dafür ☺️

👇
[7/16] Zum Thema der Reserve, muss ich richtig stellen, was ich in einem früheren Thread missinterpretiert hatte. Fälschlicher Weise hatte ich angenommen, dass sich die #XRPL-Reserve beim ersten #NFToken-Objekt nicht erhöht. Das war falsch! 🫤

Fragen wir lieber den Ledger! 👇 Source: https://xrpl.org/websocket-api-tool.html#account_inf
[8/16] Tatsächlich ist für das erste #NFToken-Objekt auch gleich das #NFTokenPage-Objekt notwendig, welches die Reserve um 2 #XRP erhöht und 32 #NFToken-Objekte beinhalten kann

• Die Rechnung ist: 10 XRP + 2 * "owner count"
--> Also 16 🧐

Die Antwort vom Websocket API tool: 👇 Source: https://xrpl.org/websocket-api-tool.html#account_infSource: https://bithomp.com/explorer/rp6abvbTbjoce8ZDJkT6snv
[9/16] Aber zurück zu den Fehlermeldungen und der Analyse des #XRPL. Folgendes schauen wir uns an:

• Haben sich sei dem 31.10.2022 die Fees erhöht?
• Hat sich die Transaktionsgeschwindigkeit verändert?
• Web-Error 503 (CloudFront)
#NFT Daten & Fakten Übersicht
[10/16] 👉 War der #XRPL überlastet und musste daher die Gebühren erhöhen?

• Nope. Alles wie immer ☺️
• Der Durchschnitt unverändert bei ~0.00007828 #XRP (Siehe unten rechts der Abschnitt im Chart) Source: https://xrpcharts.ripple.com/#/metrics
[11/16] 👉 Haben die #NFT-Prägungen die Geschwindigkeit der #XRPLedger-Finalisierung für Bezahlungen/payments verlangsamt?

• Hat sich auch nichts verändert
• Der Durchschnitt unverändert bei ~3.898 Sekunden Source: https://xrpscan.com/metrics
[12/16] 👉 Web-Error 503 (CloudFront)

Ein Fehler den man zu Gesicht bekommt, wenn das #CDN, also Amazon #Cloudfront die Anfragen an den Webserver nicht mehr weiterleiten kann, weil dieser schlicht & einfach überfordert ist.

--> Also kein #XRPL Problem

[13/16] 👉 #NFT Daten & Fakten Übersicht

Am 5.11.22 um 20:33 Uhr sehen wir:

• 233.451 NFTs erstellt
• 33.378 NFTs wieder zerstört
--> 200.073 NFTs existieren

• 5.088 NFT Besitzer aber nur 1.172 Ersteller
• 18.992 stehen in diverser Form zum Verkauf
• 109.707 Transfers Source: https://bithomp.com/nft-statistics
[14/16] Also was lief schief beim #onXRP #Launchpad und dem Prägen der #BCB #NFT-Serie?

Ganz klar war #onXRP nicht darauf vorbereitet diese Masse an Web-Anfragen zu verarbeiten, weshalb beim ersten Ansturm der Fans die Server zusammen krachten. Quasi ein "ungeplanter" DDoS 😅 Source: https://twitter.com/onXRPdotcom/status/1587786593007
[15/16] Festgehalten werden kann aber, dass der #XRPL wie erwartet nicht das Problem darstellte, sondern die Auslastung am Webserver.

Nach meinem letzten Stand, ist #onXRP aber mit der Skalierung ihrer Hardware beschäftigt! 💪

👇
[16/16] Danke an jeden Leser, der sich die Zeit genommen hat, diesen langen Thread zu lesen. ❤️

Falls er dir gefallen hat, kannst du mich hier unterstützen und mir beim Teilen helfen. 👇
1/ @bartjez_ Hello there, buddy! I just wanted to tag you here because I made a mistake about the #XRP-reserve back then.
2/ In this piece, I delved a bit deeper and just queried the ledger about it. Your initial guess was correct:
Minting an NFT requires the creation of an NFTokenPage object, which implies the use of an additional 2 XRP reserve per NFTokenPage created (32 NFToken max. per page).

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More from @krippenreiter

Mar 29
[1/🧵] Over the last few days, many newcomers have asked me one question, and one question only:

“What do I need to keep in mind if I want to hold my keys in self-custody on the XRP Ledger?”

My Answer?

“It depends...” and here's why. 👇 Source: https://map.xrpl-commons.org
[2/16] — 1⃣ Background —

Self-Custody doesn't simply mean holding your own private keys to control your own account on the XRPL.

There's also the psychological effect that is about personal responsibility for all that happens. Source: https://www.theexceptionalskills.com/take-personal-responsibility/
[3/16] — 2⃣ Background —

If something goes terribly wrong, chances are very low that anyone will be able to help you, at least as things stand today. (I'll try though 🤗)

👉 "Be your own bank" also has its drawbacks. Source: https://www.listenmoneymatters.com/infinite-banking-concept/
Read 17 tweets
Mar 24
[1/🧵] XRP Ledger Vocabulary Overview ‼️

The greater the XRPL becomes and the more features are introduced, the more I feel that a dictionary is needed.

Let's start with 10 words you NEED to know. 👇 Source: https://www.youtube.com/watch?v=sVTybJ3cNyo&t=19s
[2/14] — XRP —

Digital currency that is secured by cryptography and supported by the XRP Ledger.

Also used for:
🔸 Transactions
🔸 Fees
🔸 Reserves
🔸 Bridging trades
🔸 Cross-border (Peer-2-peer) payments Source: https://xrpl.org/docs/introduction/what-is-xrp
[3/14] — XRP Ledger —

A decentralized blockchain that enables fast and cost-efficient transactions for processing and recording financial data.

Most important feature:
🔸 There is no single central authority Source: https://xrpl.org/docs/introduction/what-is-the-xrp-ledger
Read 15 tweets
Mar 16
[1/🧵] The XRP Ledger is particularly superior when it comes to the fundamental task of moving value.

Although there are limits, we are about to overcome them big time! But how? 🤨

Follow me as I show you all the missing blocks 👇 Source: @Krippenreiter
[2/15] — 1⃣ Fundamentals —

What makes the XRP Ledger so great is that "things just work". 😉

To move value from A to B, you don't need a master's degree, because every single imaginable feature is engineered deep into the core. Source: https://xrpl.org
[3/15] — 2⃣ Fundamentals —

No matter if we talk about tokens, the decentralized exchange, escrow, or payment channels.

They are all tiny building blocks that a developer can put together to form the base layer of any solution. Source: https://smallbiztrends.com/businesses-for-sale-nationwide-right-now/
Read 16 tweets
Mar 9
[1/🧵] A paradigm shift for the XRP Ledger is on the horizon ‼️

It's a future that's:
🔸 Programmable
🔸 Automated
🔸 Compliance-first

Let's take a look at some of the fundamental arguments and work out what this will mean for XRP. 👇 Source: @Krippenreiter
[2/18] — 1⃣ Status Quo —

To date, the XRPL is a so-called “fixed-function” blockchain, which only allows new native features to be added to the XRP Ledger if the on-chain governance process votes in favor of it.

If you're a pessimist, you would call this “permissioned”. 😉 Source: https://xrpl.org
[3/18] — 2⃣ Status Quo —

But there are actually many benefits and advantages that support this approach, e.g.:
🔸 Battle-tested (i.e. Escrow, Paychannel)
🔸 Aggregated Liquidity (CLOB+AMM)
🔸 Automatic Version Upgrades
🔸 Higher Standards (More Audits and Performance Tests) Source: https://b2prime.com/mu/news/what-is-liquidity-aggregation-and-how-it-works/
Read 19 tweets
Feb 25
[1/🧵] One of the more fundamental proposals became public today. It's a draft that lays out a path to an inheritance solution for the XRP Ledger. 🧐

In my view, this is so much more than “just” an inheritance solution.

Let me show you what I mean. 👇 Source: https://dailycoin.com/crypto-inheritance-what-happens-to-cryptocurrency-if-i-die/
[2/10] — 1⃣ What's the matter? —

The way I see it, there are some hidden aspects that make this really powerful and a true “Plan B” solution if you lose access to your wallet.

It's much more than a solution to claim the last will and testament. Source: https://eshimony-law.com/inheritance-in-israel/understanding-different-types-of-wills-in-inheritance-law-in-israel/
[3/10] — 2⃣ What's the matter? —

It's the Plan B that could be your lifeline if you voluntarily or involuntarily lose complete access to your funds.

Voluntarily? What? 🤨

Let me give you a few cool examples to clarify this. 👇 Source: https://workalpha.com/productivity-starts-with-having-a-back-up-plan-in-case-disaster-strikes/
Read 14 tweets
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

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