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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
Apr 8
[1/🧵] Tokenization, Ripple, Hidden Road & XRP!

A lot has happened in the last few days, and I feel like people don't really grasp the magnitude of what this means for the XRP Ledger. 🤨

Let's take a look at some numbers & address the topic from my beloved "1%" perspective. 👇 Source: @Krippenreiter
[2/16] — 1⃣ Status Quo —

The XRP Ledger as it stands now handles around ~100 transactions per ledger.

If we assume a ledger to continuously close and finalize every ~4 seconds, this brings us to ~25 TPS on average. Source: https://xrpscan.com/metrics
[3/16] — 2⃣ Status Quo —

Besides TPS, there is also TVL and $-Volume that we can measure and take a look at.

TVL:
🔸 ~52,000,000 USD

24h USD-Volume (CLOB+AMM):
🔸 ~13,000,000 USD Source: https://metrics.tequ.dev
Read 17 tweets
Krippenreiter Profile picture
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
Krippenreiter Profile picture
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
Krippenreiter Profile picture
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
Krippenreiter Profile picture
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
Krippenreiter Profile picture
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

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