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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

Feb 25
[1/🧡] One of the more fundamental proposals became public today. It's a draft that lays out a path to an inheritance solution for the XRP Ledger. 🧐

In my view, this is so much more than β€œjust” an inheritance solution.

Let me show you what I mean. πŸ‘‡ Source: https://dailycoin.com/crypto-inheritance-what-happens-to-cryptocurrency-if-i-die/
[2/10] β€” 1⃣ What's the matter? β€”

The way I see it, there are some hidden aspects that make this really powerful and a true β€œPlan B” solution if you lose access to your wallet.

It's much more than a solution to claim the last will and testament. Source: https://eshimony-law.com/inheritance-in-israel/understanding-different-types-of-wills-in-inheritance-law-in-israel/
[3/10] β€” 2⃣ What's the matter? β€”

It's the Plan B that could be your lifeline if you voluntarily or involuntarily lose complete access to your funds.

Voluntarily? What? 🀨

Let me give you a few cool examples to clarify this. πŸ‘‡ Source: https://workalpha.com/productivity-starts-with-having-a-back-up-plan-in-case-disaster-strikes/
Read 14 tweets
Feb 2
[1/🧡] There are people out there who still believe that there are ways to clawback XRP on the XRPL. 🀨

While this is NOT possible & is written all over the official documentation, there is one more argument that should hit the nail on the coffin.

The ULTIMATE reason why πŸ‘‡ Source: @Krippenreiter
[2/14] β€” Tokens β€”

Whenever you hear β€œclawback”, you should automatically think of β€œissued assets”.

They are fungible and come in many forms and structures:
πŸ”Έ IOUs
πŸ”Έ Stablecoins
πŸ”Έ Multi-Purpose (later this year)

Anyone can issue these kinds of tokens on the XRP Ledger. Source: https://xrpl.org/docs/use-cases/tokenization/real-world-assets
[3/14] β€” Structure β€”

On the XRPL, all currently issued token holdings exist via so-called β€œtrust lines”, i.e. an accounting relationship between a person holding a token & the issuer.

In other words, something to prevent you from holding a token that you don't want. Source: https://xrpl.org/docs/use-cases/tokenization
Read 15 tweets
Dec 14, 2024
[1/🧡] Roughly 68% of all nodes have already upgraded to the latest version of the XRP Ledger server software.

However I bet you have no idea about all the new features that have been introduced, right? 🧐

Here's everything you need to know, short & simple. πŸ‘‡ Source: https://xrpscan.com/validators
[2/16] β€” 1⃣ Background β€”

Nodes upgrading to the latest rippled version 2.3.0 are not automatically forced to vote "Yeas" on any new amendment.

It's up to each validator in the governance process of the XRP Ledger by voting on proposed amendments that get introduced. Source: https://xrplwin.com/nodes
[3/16] β€” 2⃣ Background β€”

The reason why some new features are "special" and proposed as an amendment is because they change or affect transaction processing on the XRP Ledger.

Since the XRPL is decentralized you need validators (>80%) to agree on these drastic changes first. Source: https://xrpl.org/docs/concepts/networks-and-servers/amendments
Read 17 tweets
Dec 7, 2024
[1/🧡] XRP Ledger Crashcourse for Beginners!

The XRPL ecosystem is very unique from what many newcomers are used to, which begs the question, β€œWHAT THE HECK IS EVEN GOING ON HERE?”

Here's everything you need to know packed into one single thread. πŸ‘‡ Source: https://ripple.com/xrp/
[2/21] β€” Outline β€”
πŸ”Έ Who is Who?
πŸ”Έ XRP Ledger Consensus Protocol
πŸ”Έ XRP the Cryptocurrency
πŸ”Έ Servers & UNL
πŸ”Έ Ledgers
πŸ”Έ Payments
πŸ”Έ Tokens
πŸ”Έ Decentralized Exchange
πŸ”Έ Smart Contracts
πŸ”Έ Compliance Source: https://www.gagan.pl/crypto/xrpl-funkcja-sprawdzania-na-horyzoncie/
[3/21] β€” Who is Who? β€”

The ecosystem broken down to the basics:
πŸ”Έ XRP β€” The Coin
πŸ”Έ XRPL β€” Layer-1 Blockchain
πŸ”Έ XRPL Labs β€” Organization in The Netherlands
πŸ”Έ XRPLF β€” Non-Profit Association in France
πŸ”Έ Ripple β€” For-Profit Company in USA Source: https://ripple.com/
Read 22 tweets
Nov 16, 2024
[1/🧡] The bull run is here and you're new to XRP and the XRP Ledger and don't know where to start? 🀨

Here's a comprehensive list of websites and the essentials you NEED to know to get started and get the hang of the ecosystem!

Follow me as I go! πŸ‘‡ Source: https://xrpl.org
[2/23] β€” Outline β€”
πŸ”Έ Introduction
πŸ”Έ The "Core"
πŸ”Έ Explorers
πŸ”Έ Wallets
πŸ”Έ Services
πŸ”Έ DeFi Source: https://www.gagan.pl/crypto/xrpl-funkcja-sprawdzania-na-horyzoncie/
[3/23] β€” 1⃣ Introduction β€”

The XRPL is a decentralized, immutable, censorship-resistant, permissionless DLT that offers several native Layer-1 functions such as AMM, orderbook & tokenization.

The XRPL is NOT Ripple, as Ripple didn't exist when the XRPL was originally released. Source: https://xrpl.org
Read 24 tweets
Oct 8, 2024
[🧡] Most people lose money to the XRPL-AMM! 😒

The reasons vary, but typical beginner's mistakes are the main reason for drastic (im)permanent losses. (pun intended)

If you are an XRPL-AMM beginner, there are exactly 10 golden rules that I think most people should follow πŸ‘‡ Source: @krippenreiter
[2/15] β€” TL;DR β€”

If you don't like pretty pictures, but would rather have someone explain the details to you, you can find my video version of this thread here. πŸ‘‡

[3/15] β€” 1⃣ Golden Rule β€” Source: @krippenreiter
Read 16 tweets

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