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May 24, 2023 β€’ 13 tweets β€’ 11 min read β€’ Read on X
[1/🧡] #THREAD β€” A (very brief) summary of what will change on the #XRPLedger as a result of these amendments (if passed). πŸ‘‡

#XRPLCommunity #xrpthestandard #xrpholders #XRPArmy #XRPCommunity #XRPL #XRP #Ripple
[2/12] β€” #DisallowIncoming β€”

ℹ️ Adds 4 additional "settings" (flags) to the #XRPL to better granularly manage the permissions specified on your account.

More Details πŸ‘‡ Source: https://xrpl.org/kn...
[3/12] β€” #fixNonFungibleTokensV1_2 β€”

ℹ️ Several bug fixes across the board for #XRPL #NFTs (#NFToken Object).

More Details πŸ‘‡ Source: https://xrpl.org/kn...
[4/12] β€” #fixTrustLinesToSelf β€”

ℹ️ Deletes exactly 2 #XRPL trust lines with very specific IDs that exist solely due to an old bug from 2013, and then does nothing else afterwards.

More Details πŸ‘‡ Source: https://xrpl.org/kn...
[5/12] β€” #fixUniversalNumber β€”

ℹ️ Simplifies and unifies specific math-related code to provide somewhat higher accuracy in exact calculations.

More Details πŸ‘‡ Source: https://xrpl.org/kn...
[6/12] β€” #ImmediateOfferKilled β€”

ℹ️ Changes the so-called "OfferCreate" #XRPL transactions so that when no funds were really moved while canceling the "Offer," the outcome should not be "success," but rather "killed."

More Details πŸ‘‡ Source: https://xrpl.org/kn...
[7/12] β€” #XRPFees β€”

ℹ️ Transaction cost calculations will be simplified since "fee units" will be replaced withΒ #XRP drops, removing the requirement to convert the results of those "fee units" to XRP first when computing XRP fees.

More Details πŸ‘‡ Source: https://xrpl.org/kn...
[8/12] β€” #CryptoConditionsSuite β€”

ℹ️ Deprecated amendment with abandoned code that you should not vote for.

More Details πŸ‘‡ Source: https://xrpl.org/kn...
[9/12] β€” 1⃣ #Summary / TL;DR β€”

Very straight-forward amendments that I don't see any problems w/, & I anticipate them to be approved on the #XRPLedger in the foreseeable future. Source: https://github.com/...Source: https://github.com/...Source: https://github.com/...Source: https://github.com/...
[10/12] β€” 2⃣ #Summary / TL;DR β€”

Nonetheless, I would vote "Nay" for the time being since a ton of servers would get amendment-blocked. Source: https://xrpl.org/am...
[11/12] β€” Servers that run on old #rippled code β€”

Your server must run at least v1.10.0 to avoid being amendment-blocked very soon.

❗️ Over 200 nodes and 15 validator servers will be impacted ❗️ Source: https://xrpscan.com...
[12/12] This should provide you with a high-level summary of the few changes planned to the #XRPL, which will mostly cover and improve performance concerns.

Please follow me here:
@krippenreiter

Feel free to contribute by sharing here: πŸ₯°πŸ‘‡

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More from @krippenreiter

Jul 7
[1/🧡] What's still upcoming and in the pipeline for the XRP Ledger? 🧐

My attempt to summarize what the brilliant @aanchalmalhotre "casually" laid out in a 25-minute talk at XRPL Apex this year. πŸ‘‡ Source: https://www.youtube.com/watch?v=UzbHAbBtLXQ
[2/15] β€” 1⃣ Key-Challenges β€”

Privacy and compliance are at odds with each other, and balance is key.

A lot of what the TradFi world is used to and expects still doesn't exist or is purposefully different in blockchains, like transparent transactions or low confidentiality. Source: https://www.youtube.com/watch?v=UzbHAbBtLXQ
[3/15] β€” 2⃣ Key-Challenges β€”

Institutions also expect their on-chain operations, aka transactions, to be highly customizable and controllable because of factors like internal risk management.

πŸ‘‰ They expect the XRPL to be programmable for their dedicated policies. Source: https://www.youtube.com/watch?v=UzbHAbBtLXQ
Read 16 tweets
Jun 30
[1/🧡] XRP Ledger βœ– Axelar βœ– XRPL EVM Sidechain βœ– Squid ‼️

With all these new integrations and partnerships, I bet you are pretty much overwhelmed by all the alien-like jargon. 🀨

A little vocabulary crash course ahead πŸ‘‡ Source: https://axelarscan.io
[2/20] β€” 1⃣ Overview β€”

What just happened today is nothing less than the complete onboarding of the XRPL to the vast and entire web3 blockchain ecosystem (+ Bridging protocols and available liquidity).

πŸ‘‰ All via the XRPLEVM sidechain, Axelar and @squidrouter. Source: https://axelarscan.io
[3/20] β€” 2⃣ Overview β€”

What does this mean in practice? 🧐
πŸ”Έ New tokens on the XRPL DEX (bridged by @axelar)
πŸ”Έ Literal (and easy) any-to-any swaps (via Squid)
πŸ”Έ Liquidity from the entire web3 ecosystem (via CORAL)
πŸ”Έ Bridged XRP accessible on 80+ chains (through XRPLEVM) Source: @squidrouter
Read 21 tweets
May 22
[1/🧡] Bonjour πŸ‡ͺπŸ‡Ί and Bom dia πŸ‡§πŸ‡·!

Two new stablecoins just launched on the XRP Ledger:
πŸ”Έ EURØP (EUR-backed by Schuman Financial)
πŸ”Έ USDB (USD-backed by Braza Group)

A quick peek behind the curtain. πŸ‘‡ Source: @Krippenreiter
[2/14] β€” πŸ‡ͺπŸ‡Ί Overview β€”

EURØP βœ– Schuman Financial
πŸ”Έ MiCA-compliant regulated e-money token
πŸ”Έ Fully backed by €-denominated assets
πŸ”Έ Held in segregated accounts, separate from their corporate accounts
πŸ”Έ Supervised by AutoritΓ© de ContrΓ΄le Prudentiel et de RΓ©solution (ACPR) Source: https://schuman.io/europ/
[3/14] β€” πŸ‡§πŸ‡· Overview β€”

USDB βœ– Braza Group
πŸ”Έ Expected to be MiCA regulated in 2025
πŸ”Έ Fully backed by $-denominated assets
πŸ”Έ Reserves held by Braza Bank Banco de CΓ’mbio S.A.
πŸ”Έ A bank licensed and regulated by the Brazilian Central Bank Source: https://brazabank.com.br/conteudo/usdb-stablecoin-braza/
Read 15 tweets
May 10
[1/🧡] There are alot of usecases for on-chain verifiable credentials. 🧐

Most of them are far more powerful than you can imagine.

(long read ahead of you) πŸ‘‡ Source: https://ec.europa.eu/digital-building-blocks/sites/display/EBSI/EBSI+Verifiable+Credentials
[2/16] β€” Digital ID & Authentication Council of Canada (DIACC) β€” Source: https://diacc.ca/wp-content/uploads/2023/05/Perspectives-on-the-Adoption-of-Verifiable-Credentials-1.pdf
[3/16] β€” European Blockchain Services Infrastructure (EBSI) β€” Source: https://ec.europa.eu/digital-building-blocks/sites/display/EBSI/Spain+plans+to+use+W3C+Verifiable+Credentials+to+protect+minors+online
Read 17 tweets
May 3
[1/🧡] There's a new site from @Satish_nl that you should definitely check out! 🧐

It's @xpert_page and from what I've seen so far, it's a mix of a "mini-CV" + donation functionality via XRPL and XAHL for your online (project-) presence. πŸ˜€

Let's take a look at what's inside πŸ‘‡ Source: https://x.com/xpert_page/header_photo
[2/9] β€” Featured Creators β€”

It's all brand new, so there're only a few personal pages & project pages active right now.

Later the idea is to have a complete XRPL & XAHL-based project directory that you can browse through & donate to if you want to support the guys behind it πŸ”₯ Source: https://xpert.page/#features
[3/9] β€” 1⃣ First Steps β€”

The moment I logged in with my gmail account and paid the simple price of 20 XRP that's valid for 5 years I had to set a profile pic, a banner and create a bio. Source: https://xpert.page/pro/profile
Read 10 tweets
Apr 8
[1/🧡] Tokenization, Ripple, Hidden Road & XRP!

A lot has happened in the last few days, and I feel like people don't really grasp the magnitude of what this means for the XRP Ledger. 🀨

Let's take a look at some numbers & address the topic from my beloved "1%" perspective. πŸ‘‡ Source: @Krippenreiter
[2/16] β€” 1⃣ Status Quo β€”

The XRP Ledger as it stands now handles around ~100 transactions per ledger.

If we assume a ledger to continuously close and finalize every ~4 seconds, this brings us to ~25 TPS on average. Source: https://xrpscan.com/metrics
[3/16] β€” 2⃣ Status Quo β€”

Besides TPS, there is also TVL and $-Volume that we can measure and take a look at.

TVL:
πŸ”Έ ~52,000,000 USD

24h USD-Volume (CLOB+AMM):
πŸ”Έ ~13,000,000 USD Source: https://metrics.tequ.dev
Read 17 tweets

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