Let me quickly go through how #XRPL performs and #scales on these metrics:
βΆοΈ Scale up "vertically"
βΆοΈ Scale out "horizontally"
βΆοΈ High volume & High value TX
βΆοΈ High value & Low speed
[2/17] π Asynchronous TX speedβScale up "vertically"
In contrast to #DAG-based systems, which operate in "chaotic order" and execute transactions in parallel, the #XRPL validates transactions in canonical transaction orderβone Ledger at a time.
β The approach for #DLT/#Blockchain-based systems such as #XRPL:
βοΈ "Payment Channels"
π§ It's a sophisticated feature for transmitting "asynchronous" #XRP#payments that may be broken into extremely small amounts and paid in total order afterwards.
. . .
2β£ With "#PaymentChannels":
Alice is continually wrapping up new toys (#TX) and NOT delivering them over to @bob_way (async. authorized claim with a single validated #TX), while also reminding him:
"They are yours whenever you want them π" (redeem a claim)
. . .
This restriction is mostly determined by the speed of the participants' #hardware and the complexity of the #signature#algorithms.
. . .
[8/17] . . .
In 2011, research proved the capacity to produce over #Ed25519 100,000 #signatures per second and verify over 70,000 per second on commodity #hardware.
If adding #servers isn't enough to #scale out enough to handle all of the #transactions on the #XRPL itself, there's always the possibility of spinning up a new #sidechain with purpose-fit rules if the #mainchain becomes overloaded.
β We've prev. addressed how the #XRPL will manage large volume load, but how will it handle liquidity issues for high value #TX when the trading-pair is not liquid enough?
The solution proposed for this specific problem:
βΆοΈ #AMM
. . .
[14/17] . . .
The [A]utomated[M]arket[M]aker (#XLS30d) liquidity pools enable #liquidity provisioning without the need of smart-contracts, further enhancing the #CLOB-based #XRPL#DEX.
[16/17] βοΈ As you can see, there are numerous methods to scale up and out, including adding #servers, boosting #CPU power, adding #sidechains, or leveraging #XRPL features such as #escrows and #payment-channels to meet transaction demand without overburdening the #XRPLedger.
[17/17] Thank you to everyone who took the time to read this lengthy topic β€οΈ
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Ripple has announced plans to launch an enterprise-grade, compliant, multichain-compatible, 100%-backed USD stablecoin, marking a significant milestone in their expansion into new verticals.