Let me quickly go through how #XRPL performs and #scales on these metrics:
▶️ Scale up "vertically"
▶️ Scale out "horizontally"
▶️ High volume & High value TX
▶️ High value & Low speed
[2/17] 👉 Asynchronous TX speed—Scale 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 order—one Ledger at a time.
❓ The approach for #DLT/#Blockchain-based systems such as #XRPL:
☑️ "Payment Channels"
🧐 It's a sophisticated feature for transmitting "asynchronous" #XRP#payments that may be broken into extremely small amounts and paid in total order afterwards.
. . .
2⃣ 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 😉" (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.
❓ 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:
▶️ #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] ☑️ 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 ❤️
If you enjoyed the thread, please follow me: @krippenreiter
• Prefunding (nostro/vostro) may only be handled by utilizing a decentralized trustless blockchain such as #XRP (used by Ripple), #XDC (used by XinFin/R3), #ETH (used by ConsenSys), or #XLM (used by Stellar)
. . .
@sentosumosaba 1/🧵 I'm not sure if the news is worrisome in any form.
In fact, you are accurate (as always 😉) that the #XRPL will not possess ALL THE MONEY, but it will be #interoperable with and #interconnected to ALL THE MONEY.
3⃣ Send an e-mail or push notification / messenger app / #dApp notification when the balance is too low to claim, and again when it is refilled
3⃣•1⃣ Provide a time estimate for when the smart-contract balance could be empty again
. . .
3/ . . .
4⃣ Send reminders about the expiration date and the time remaining to claim it (GET via #API)
👉 In conclusion:
• Make it more intuitive (#UX) for individuals to comprehend when to be active and when it's a waste of time
. . .
@Ripple as a significant actor in the achievement of the most critical goal of:
🌱 „Goal 13 Climate Action“
In part 1 of this series, I will break it ALL down for you in regards to #Ripple 🧵👇
[2/33] ⚠️ IMPORTANT NOTICE!
This is typically a heated topic. That is why I will do my best to be neutral, clear, and factual. Expect no guesstimates or personal opinions on this subject.
Everything is stated exactly as it is!
[3/33] Before I get any farther into the intricacies of #Ripple, we must first build the groundwork:
❓ What is the primary goal ❓
The purpose is to combat #climate change by enacting the "Paris Agreement" and meeting the "#UN Sustainable Development Goals [13]."
@bob_way 1/ First and probably most important, I want to express my appreciation.
Talking about #anonymity and #privacy appears to be becoming increasingly frowned upon. Seeing your open and refreshing ideas on the subject definitely helped me open my eyes even further.
. . .
@bob_way 2/ . . .
As you have already indicated, we must first educate people on the distinction between #anonymity and #privacy.
Most individuals do not fully comprehend #cash and the challenges surrounding its "disposal".
. . .
@bob_way 3/ . . .
As you pointed out, we do not have #anonymity when purchasing a beer in a bar, but because the cashier will only print a receipt and will not send any personal informations about my nightly activities back to the government or any other company,
. . .
1 #XRP is represented as 1,000,000 drops in #XRPL terms or technical contexts such as the #rippled#APIs response we received from the reporting server.
[3/7] Think about "drops" in the same manner that you think of #SATs.
It is, in reality, the smallest technical unit utilized for exact measurements.