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Panos 🔺 {X} 🪝 Profile picture
@panosmek
Jun 18 • 11 tweets • 3 min read Twitter logo Read on Twitter
How the $XRP Ledger decentralizes finance and empowers individuals and businesses since 2012🧵1/11

#XRPL is an open-source, decentralized blockchain, with a robust technology that pioneered DeFi by introducing the first DEX, tokenization of assets & more. Image
Since day 1, the main goal of the XRPL has been to empower individuals, give them full control over their assets, and give them access to financial services without the need for banks and centralized entities that have many burdens and disadvantages.
By introducing a DEX, creation of tokens and IOUs, escrows and other amazing features, the XRPL started the DeFi movement without most people realizing it. Individuals and businesses could and can trade and transact in a global marketplace without any banks involved. Image
Hundrends of projects are currently building on XRPL and using XRP for many different use cases that most of the crypto community is not aware of. xrpl.org/uses.html
The XRP Ledger's native DEX allows users to trade assets without the need for intermediaries. By removing the reliance on centralized exchanges, individuals and businesses gain more control over their assets and can transact with increased security and efficiency.
There are many great tools and UIs to access the XRPL DEX:
With the upcoming upgrade (XLS-30), the XRPL DEX will adopt and introduce a hybrid model that will support both AMM pricing and order book pricing. This means more flexibility, liquidity, income opportunities and DeFi use cases.

blog.multichainmedia.xyz/index.php/2023…
The XRP Ledger is constantly evolving, and more upcoming proposals like Sidechains and Hooks are set to unlock even more opportunities for decentralization and innovation.
Sidechains aim to enable the creation of independent blockchains that can interact and connect with the XRP Ledger while maintaining their own unique characteristics. This opens the door for customized applications and specialized use cases. dev.to/ripplexdev/xrp…
Hooks add smart contract functionality to the XRP Ledger. This paves the way for the development of decentralized applications (dApps) and expands the XRP Ledger's functionality, making it an even more powerful platform for individuals and businesses. hooks.xrpl.org
Since 2012, the XRP Ledger has been at the forefront of decentralizing finance. As it continues to evolve, its decentralized architecture and innovative proposals reinforce its position as a pioneer in the world of blockchain and DeFi.

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More from @panosmek

Panos 🔺 {X} 🪝 Profile picture
Jun 11
It's sad that a big part of the #XRPCommunity still believes that XRP was created for banks or to help institutions. It was literally created to destroy the banks' monopoly and disintermediate them.

XRP was created as a better BTC for P2P transactions. For people, not banks. 1/7
And with features like the DEX, Ripple's initial vision was to "enable people to break free of the “walled gardens” of financial networks like credit cards, banks, PayPal and other institutions that restrict access with fees, charges for currency exchanges and processing delays."
This is what Ripple mentioned on their website in 2013. Ripple (Initially OpenCoin) started with a vision to build an open payments system & P2P credit network for people - not banks - on top of XRPL and by utilizing its DEX and other features.
spectrum.ieee.org/ripple-credit-…
Read 9 tweets
Panos 🔺 {X} 🪝 Profile picture
Jun 5
Many people see security measures as a chore or burden, but the better mindset to have is one where you view security as an opportunity to bring yourself peace of mind in an uncertain and turbulent world.

A security guide about how to protect your crypto and avoid scams. 🧵1/24
As the popularity of crypto grows, so does the level of activity of cybercriminals who seek to steal it in any way possible. With phishing attacks, finding vulnerabilities or impersonating people to obtain confidential user information such as private keys, passwords, and more.
The biggest challenge in securing your crypto is considering the variety of attack vectors and layers of protection that are necessary to truly ensure your funds are safe. There are 3 primary layers of security to consider when protecting cryptocurrency funds:
Read 24 tweets
Panos 🔺 {X} 🪝 Profile picture
May 5
Since the XRPL AMM (XLS-30) was announced, many people have been wondering about the risks and how impermanent loss works when you provide liquidity.

Today is time to discuss this in detail 👇🧵1/17 Image
A decentralized exchange (DEX) is a P2P marketplace that connects cryptocurrency buyers and sellers. DEXs usually utilize smart contracts to enable orders to be settled automatically and immediately from crypto wallets without the need for a middleman or custodian.
The XRPL introduced the first DEX, built in 2012, and Ιt uses on-chain order books, without smart contracts, aka Central Limit Order Book (CLOB) DEX.

Here are the main differences between AMMs and CLOBs. CLOBs are optimized for trading, while AMMs are optimized for liquidity. Image
Read 17 tweets
Panos 🔺 {X} 🪝 Profile picture
Mar 16
🧵ISO 20022 thread: What happens on March 20th and will it affect Ripple, XRP or any other crypto?

ISO 20022 is a message format and business language created in 2004. This format is vital to instant payments and in the overall modernization of payment processes.
On March 20th, cross-border payment messages via SWIFT will be converted to an ISO 20022-based messaging. It is the start of a multi-year coexistence period of MT and MX formats which will allow banks to already benefit from the richer, structured data of the XML standard.
All banks on the SWIFT network must have converted to ISO 20022 by November 2025 at the latest.

So what happens on March 20th? Nothing really. Just the start of the migration that will take 2+ years and it's for the SWIFT members.
Read 7 tweets
Panos 🔺 {X} 🪝 Profile picture
Jan 29
Artificial Intelligence (#AI) and #Blockchain technology are two of the biggest technological breakthroughs. Both have the potential to disrupt various industries, and when combined, they can create even more powerful solutions.

🧵(0/10) Here are some interesting use cases:
1. Decentralized AI marketplaces: Blockchain can be used to create decentralized marketplaces where AI models and data can be bought & sold. This would allow individuals and small organizations to access the benefits of AI without needing large amounts of data or computing power.
2. AI-powered smart contracts: Smart contracts can be programmed to automatically execute certain actions based on pre-determined conditions. By incorporating AI, it's possible to create more flexible and complex agreements that can adapt to changing conditions.
Read 11 tweets
Panos 🔺 {X} 🪝 Profile picture
Nov 25, 2022
What's the difference between XRP, XRP Ledger, Ripple and RippleNet? There is still a lot of confusion and misinformation about them. 🧵1/7
@Ripple is a company building a payments infrastructure, crypto solutions and software for businesses and institutions. RippleNet is Ripple's system that financial institutions use. It's like SWIFT has its own system and network of financial institutions.
RippleNet consists of many products/services, including xCurrent (messaging system) and On-Demand Liquidity (instant settlement without pre-funding using XRP).
Read 7 tweets

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