[1/🧵] — #XRPL (#XRP) vs. @Ripple #CBDC —
A short thread comparing and contrasting the #opensource public #decentralized #XRPLedger with #Ripple's private #CBDC Ledger based on XRPL👇
A short thread comparing and contrasting the #opensource public #decentralized #XRPLedger with #Ripple's private #CBDC Ledger based on XRPL👇
[2/6] ▶️ What do central bankers expect?
✅ #Interoperability — ILP
❌ #Security, #Trust & #Speed — Unregulated
⚠️ #OverlayServices — Hooks and @EvernodeXRPL
✅ #Access and #Inclusion — XRPL-DEX & AMM
✅ #Stability & #Resilience — 10+ years old (XRPL)
✅ #Interoperability — ILP
❌ #Security, #Trust & #Speed — Unregulated
⚠️ #OverlayServices — Hooks and @EvernodeXRPL
✅ #Access and #Inclusion — XRPL-DEX & AMM
✅ #Stability & #Resilience — 10+ years old (XRPL)
[3/6] ▶️ 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] ▶️ 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)
🔵 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)
🔵 Increased XRPL valuation over time
[5/6] ▶️ How does the #CBDC ecosystem looks like?
1⃣ Issuer — @Ripple's no-code #CBDC Manager
2⃣ Operator — dApps dev. by 3rd-parties (you & me)
3⃣ Wallet — @XummWallet and alike
4⃣ Ledger — #XRPLedger Layer-1 #DLT
1⃣ Issuer — @Ripple's no-code #CBDC Manager
2⃣ Operator — dApps dev. by 3rd-parties (you & me)
3⃣ Wallet — @XummWallet and alike
4⃣ Ledger — #XRPLedger Layer-1 #DLT
[6/6] Thank you to everyone who took the time to read my 🧵 about the private #CBDC ledger based on #XRPL! ❤️
If you enjoyed the thread, please follow me:
@krippenreiter
Please feel free to contribute by sharing here 👇
If you enjoyed the thread, please follow me:
@krippenreiter
Please feel free to contribute by sharing here 👇
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 👋
— My most recent piece—which contrasts #Ripple's private CBDC solution w/ the public #XRPL —
❤️ Thanks to @XRPLF for the content 🫶
— My most recent piece—which contrasts #Ripple's private CBDC solution w/ the public #XRPL —
❤️ Thanks to @XRPLF for the content 🫶
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