[2/10] Let's start with a definition of "token" and see if we can locate a suitable statement in the #web.
What is a token โ
โ A crypto token is a representation of an asset or interest that has been tokenized on an existing cryptocurrency's blockchain. โ
[3/10] Even if the distinctions are small, claiming that #XRP is a token is strictly incorrect since #XRP cannot be a token.
Because #XRP has no issuer, it cannot exist as a tokenized representation of anything.
[4/10] The differences on #XRPL are far more fundamental than on other #blockchains.
Have a peek at this comparison chart for a high-level overview:
[5/10] Let's go over the past postings and begin with this statement:
โถ๏ธ Escrow and Payment Channels are exclusive to #XRP, the native cryptocurrency, as long as the Amendment for #XLS34d has not passed.
[7/10] #Pathfinding may, in principle, be utilized to avoid the auto-bridge function, but only with liquid pairings.
. . .
[8/10] . . .
Because #XRP is the ledger's native currency, the #XRPL will always pick the most direct and liquid "route," which is a straight #XRP-to-#XRP payment that does not require any paths, minimizing complexity and processes for leveraging #liquidity.
[9/10] One last distinction between #XRP & a token is that no one can prevent me from sending you XRP by default, whereas transferring me tokens is impossible without first establishing a #trustline.
Because of this, XRP is more "free" and superior than any other token on #XRPL
[10/10] That was fun! ๐
I have nothing further to say because his ๐งต speaks for itself โค๏ธ
You must act if you want the price of #XRP to rise and ...
... โ build projects that use XRP natively, support those projects and add value! โ โ @rippleitinNZ
[1/12] To understand what else is needed to create a financial future based on #blockchain technology, just consider what the #Interledger#Protocol was NOT designed to do. ๐
[2/12] ๐ค What problem does #ILP genuinely address?
Just like the #internet will never agree on a single #protocol to fix everything, the world will never agree on a single #blockchain or ledger [#DLT].
What must be resolved is:
๐น Addressing
๐น Fragmentation
[3/12] โ๏ธ To make it easy and #ELI5-friendly here is everything in one picture:
When Alice wants to send money to @bob_way, #ILP will perform all the heavy lifting so she doesn't have to worry about #wallet addresses (#PubKeys) and the like.
[1/๐งต] A brief #thread on how to properly download and verify your newest #IOTA#Firefly Windows version. ๐
[2/10] You might be wondering why @iota doesn't allow you to download & upgrade the version via the client.
To be honest, this would definitely improve usability (#UX), but it would also need the user to trust the DL content.
That is precisely what we do not want with #crypto.
[3/10] Who knows whether the network path from #github to your PC wasn't intercepted and a man in the middle (#MITM) replaced your downloaded program with a slightly different one.
To ensure that the program you are installing is the one meant for you, verify the #hashes. ๐
[1/๐งต] With all of the #XRPBuyback debate going on, there is one aspect that frequently gets misrepresented
โถ๏ธ People conflating the terms "#price" and "#value"
Because the definitions differ, it is essential to comprehend the distinctions
Let us evaluate it more closely. ๐๐งต
[2/19] To have a better understanding of the subject, we must first define several terms that are crucial to #finance and explain the following in further detail:
๐น "Price"
๐น "Cost"
๐น "Value"
๐น "Store of Value" (#Bitcoin/#BTC)
๐น "Internet of Value" (#Ripple)
[3/19] We will also go through the following scenarios to see whether what we think we are talking about is correct:
1โฃ The chart in reference to the #USD
2โฃ You are about to sell your #property
โข Holder of #XRP since December 2020
โข Has never heard of $FLR before (Hello, #Spark?)
โข Has no idea what the fuss is all about
โข Slept under a rock for two years
Allow me to bring you up to speed w/ this crash course on @FlareNetworks and $FLR. ๐งต๐
[2/20] If you've been following this topic, you'll recall that there was once a #XRPL snapshot:
โข 12th December 2020, 00:00 UTC
โข #XRP Ledger index 60,155,580
. . .
[3/20] . . .
You may recall that you had to claim your #Spark coins by providing your #EVM-based $FLR address in the message key field of your #XRPL account.
โ claim period expired on #XRPLedger index 64,204,315
โ Message could be changed until 11th June 2021, 23:59 UTC
. . .