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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

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
Mar 29
[1/🧡] Over the last few days, many newcomers have asked me one question, and one question only:

β€œWhat do I need to keep in mind if I want to hold my keys in self-custody on the XRP Ledger?”

My Answer?

β€œIt depends...” and here's why. πŸ‘‡ Source: https://map.xrpl-commons.org
[2/16] β€” 1⃣ Background β€”

Self-Custody doesn't simply mean holding your own private keys to control your own account on the XRPL.

There's also the psychological effect that is about personal responsibility for all that happens. Source: https://www.theexceptionalskills.com/take-personal-responsibility/
[3/16] β€” 2⃣ Background β€”

If something goes terribly wrong, chances are very low that anyone will be able to help you, at least as things stand today. (I'll try though πŸ€—)

πŸ‘‰ "Be your own bank" also has its drawbacks. Source: https://www.listenmoneymatters.com/infinite-banking-concept/
Read 17 tweets
Mar 24
[1/🧡] XRP Ledger Vocabulary Overview ‼️

The greater the XRPL becomes and the more features are introduced, the more I feel that a dictionary is needed.

Let's start with 10 words you NEED to know. πŸ‘‡ Source: https://www.youtube.com/watch?v=sVTybJ3cNyo&t=19s
[2/14] β€” XRP β€”

Digital currency that is secured by cryptography and supported by the XRP Ledger.

Also used for:
πŸ”Έ Transactions
πŸ”Έ Fees
πŸ”Έ Reserves
πŸ”Έ Bridging trades
πŸ”Έ Cross-border (Peer-2-peer) payments Source: https://xrpl.org/docs/introduction/what-is-xrp
[3/14] β€” XRP Ledger β€”

A decentralized blockchain that enables fast and cost-efficient transactions for processing and recording financial data.

Most important feature:
πŸ”Έ There is no single central authority Source: https://xrpl.org/docs/introduction/what-is-the-xrp-ledger
Read 15 tweets

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