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Krippenreiter Profile picture
@krippenreiter
Nov 24, 2022 • 7 tweets • 8 min read • Read on X
[1/6] Vor einer Woche hat @NFAdotcrypto seinen Song veröffentlicht & stellt folgende Thesen auf:

• #XRP war kein ICO
• 3 Devs haben #XRPL kreiert, bevor @Ripple gegründet wurde
• #Ripple kontrolliert 4% der Nodes
• Der #Escrow Zeitplan ist einsehbar

#FACTCHECK 🧵
[2/6] 👉 #XRP wurde nicht als ICO herausgegeben
✅ Richtig!

Nachdem im Juni 2012 die Entwicklung des Codes durch @JoelKatz, @JedMcCaleb und @ahbritto vervollständigt wurde, wurden 80% der 100 Milliarden "pre-mined" #XRP verschenkt.

xrpl.org/history.html
[3/6] 👉 #XRP wurde kreiert, bevor #Ripple gegründet wurde
✅ Richtig!

💡 Der Gründungsweg:
NewCoin, Inc (2012) → OpenCoin, Inc (2012) → Ripple Labs, Inc. (Rebranded / 2013)

🛠️ Der erste Github commit für "#rippled" von Jed und später von David 👇
(Man beachte das Datum 😉) Jedmccaleb first commit Sou...JoelKatz first commit Sourc...
[4/6] 👉 #Ripple kontrolliert 4% der Nodes
❌ Falsch!

Die Zahlen schwanken natürlich, aber Stand heute (24.11.2022-21:13:00 Uhr) sind 113 Validator-Nodes online, wovon 35 Teil der "vl[.]ripple[.]com" dUNL sind.

2 davon mit der Domain "ripple[.]com"
➡️ 2 / 35 * 100 = ~5,7% ❗️ Validator Nodes Source: htt...
[5/6] 👉 Der #Escrow Zeitplan für die Herausgabe der #XRP ist öffentlich einsehbar
✅ Richtig!

Wenn eine Escrow erstellt wird, ist diese als "Escrow creation" TX-Typ einsehbar. Man weiß somit, wer die Quelle & wer das Ziel ist & wann die Ausschüttung zeitlich geplant ist.
. . . Source: https://bithomp.com...Escrow Wallets Source: http...
[6/6] . . .
Weiterhin sind alle Escrow #Wallets von #Ripple veröffentlicht & bekannt. Diese protokollieren auf dem #XRPLedger nachvollziehbar & transparent die Ein- & Ausgänge der #XRP in die jeweiligen Escrow Konten nach Ablauf der festgelegten Zeiten.

xrparcade.com/escrow/
Banger 🔥 reference:
(Ohrwurmgefahr 😉)

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More from @krippenreiter

Krippenreiter Profile picture
Dec 14
[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
Krippenreiter Profile picture
Dec 7
[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
Krippenreiter Profile picture
Nov 16
[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
Krippenreiter Profile picture
Oct 8
[🧵] 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
Krippenreiter Profile picture
Sep 12
[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
Krippenreiter Profile picture
May 21
[1/🧵] Did you know that there is scientific research on the optimal fees for geometric mean market makers (G3M), one of which is the XRPL-AMM?

💡 We are doing it all wrong, and here's everything you need to know to revive the AMM. 👇 Source: @krippenreiter
[2/20] — Basics —

First of all, among every complaint about the XRPL-AMM, trading fees are something over which we have power.

The voting mechanism of the design passes control to the top eight largest LP-Token holders in each pool, allowing them to regulate trading fees. Source: https://xpmarket.com/amm/pool/USDC-rcEGREd8NmkKRE8GE424sksyt1tJVFZwu/XRP/voting
[3/20] — Facts —

Fees
🔸 Charged for swapping
🔸 Range: 0% - 1%
🔸 Smallest reasonable value: 0.001%

Weight
🔸 Percentage ownership of a pool
🔸 Range: 0% - 100%
🔸 Smallest reasonable value: 0.001%

↪️ The trading fee comes from the weighted mean of the largest 8 active votes Source: https://xpmarket.com/amm/pool/USDC-rcEGREd8NmkKRE8GE424sksyt1tJVFZwu/XRP/voting
Read 21 tweets

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