[1/π§΅] β #XRPL (#XRP) vs. @Ripple #CBDC β
A short thread comparing and contrasting the #opensource public #decentralized #XRPLedger with #Ripple's private #CBDC Ledger based on XRPLπ
A short thread comparing and contrasting the #opensource public #decentralized #XRPLedger with #Ripple's private #CBDC Ledger based on XRPLπ
[2/6] βΆοΈ What do central bankers expect?
β #Interoperability β ILP
β #Security, #Trust & #Speed β Unregulated
β οΈ #OverlayServices β Hooks and @EvernodeXRPL
β #Access and #Inclusion β XRPL-DEX & AMM
β #Stability & #Resilience β 10+ years old (XRPL)
β #Interoperability β ILP
β #Security, #Trust & #Speed β Unregulated
β οΈ #OverlayServices β Hooks and @EvernodeXRPL
β #Access and #Inclusion β XRPL-DEX & AMM
β #Stability & #Resilience β 10+ years old (XRPL)
[3/6] βΆοΈ Why does it have to be a private solution?
With proven security & all of the #XRPL Tooling at its disposal, the only thing a CB lacks is "control" of the gov. process.
Gov. on the #XRPL is conducted through amendments and voting, which cannot be controlled centrally.
With proven security & all of the #XRPL Tooling at its disposal, the only thing a CB lacks is "control" of the gov. process.
Gov. on the #XRPL is conducted through amendments and voting, which cannot be controlled centrally.
[4/6] βΆοΈ Why is this good for the public #XRPL?
Having a private #CBDC Ledger allows organizations & governments to innovate quickly & safely while still protecting actual value through mainnet collateralization (federated #XRPL sidechain)
π΅ Increased XRPL valuation over time
Having a private #CBDC Ledger allows organizations & governments to innovate quickly & safely while still protecting actual value through mainnet collateralization (federated #XRPL sidechain)
π΅ Increased XRPL valuation over time
[5/6] βΆοΈ How does the #CBDC ecosystem looks like?
1β£ Issuer β @Ripple's no-code #CBDC Manager
2β£ Operator β dApps dev. by 3rd-parties (you & me)
3β£ Wallet β @XummWallet and alike
4β£ Ledger β #XRPLedger Layer-1 #DLT
1β£ Issuer β @Ripple's no-code #CBDC Manager
2β£ Operator β dApps dev. by 3rd-parties (you & me)
3β£ Wallet β @XummWallet and alike
4β£ Ledger β #XRPLedger Layer-1 #DLT
[6/6] Thank you to everyone who took the time to read my 𧡠about the private #CBDC ledger based on #XRPL! β€οΈ
If you enjoyed the thread, please follow me:
@krippenreiter
Please feel free to contribute by sharing here π
If you enjoyed the thread, please follow me:
@krippenreiter
Please feel free to contribute by sharing here π
https://twitter.com/krippenreiter/status/1617291492225171458?s=20&t=ex2TbyMImz9_lFw1TDkglg
@threadreaderapp unroll
@WKahneman @digitalassetbuy @Fame21Moore @sentosumosaba @BCBacker @XRPcryptowolf @X__Anderson @stedas @Kevin_Cage_ @AlexCobb_ @bob_way @IOV_OWL π
β My most recent pieceβwhich contrasts #Ripple's private CBDC solution w/ the public #XRPL β
β€οΈ ThanksΒ to @XRPLF for the content π«Ά
β My most recent pieceβwhich contrasts #Ripple's private CBDC solution w/ the public #XRPL β
β€οΈ ThanksΒ to @XRPLF for the content π«Ά
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