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Krippenreiter Profile picture
@krippenreiter
May 10 β€’ 17 tweets β€’ 4 min read β€’ Read on X
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[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
[4/16] β€” European Blockchain Services Infrastructure (EBSI) β€” Source: https://ec.europa.eu/digital-building-blocks/sites/display/EBSI/Verifiable+Credentials+Set+to+Transform+Digital+Immigration+Documents+in+the+US
[5/16] β€” European Blockchain Services Infrastructure (EBSI) β€” Source: https://ec.europa.eu/digital-building-blocks/sites/display/EBSI/DIGIT+brings+together+experts+to+tackle+the+challenges+of+legal+entity+verification
[6/16] β€” National Institute of Standards and Technology (.gov) β€” Source: https://www.nist.gov/system/files/documents/2020/09/08/Comments-800-63-034.pdf
[7/16] β€” Gaia-X Digital Clearing House (GXDCH) β€” Source: https://scs.community/2024/10/15/demystifying-gaia-x-credentials/
[8/16] β€” World Wide Web Consortium (W3C) β€” Source: https://w3c.github.io/vc-use-cases/#education
[9/16] β€” World Wide Web Consortium (W3C) β€” Source: https://w3c.github.io/vc-use-cases/#retail
[10/16] β€” World Wide Web Consortium (W3C) β€” Source: https://w3c.github.io/vc-use-cases/#finance
[11/16] β€” World Wide Web Consortium (W3C) β€” Source: https://w3c.github.io/vc-use-cases/#healthcare
[12/16] β€” World Wide Web Consortium (W3C) β€” Source: https://w3c.github.io/vc-use-cases/#professional-credentials
[13/16] β€” World Wide Web Consortium (W3C) β€” Source: https://w3c.github.io/vc-use-cases/#legal-identity
[14/16] β€” World Wide Web Consortium (W3C) β€” Source: https://w3c.github.io/vc-use-cases/#devices
[15/16] β€” India Aadhaar Identity System β€” Source: https://www.ijcaonline.org/archives/volume174/number26/priscilla-2021-ijca-921188.pdf
[16/16] β€” Krippenreiter β€”

I write about DLT and crypto, but primarily about XRP and the XRPL-ecosystem. πŸ”₯

If this interests you and you want to learn more, please follow me here:
@krippenreiter

Feel free to contribute by sharing here πŸ‘‡
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More from @krippenreiter

Krippenreiter Profile picture
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
Krippenreiter Profile picture
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
Krippenreiter Profile picture
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
Krippenreiter Profile picture
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
Krippenreiter Profile picture
Mar 16
[1/🧡] The XRP Ledger is particularly superior when it comes to the fundamental task of moving value.

Although there are limits, we are about to overcome them big time! But how? 🀨

Follow me as I show you all the missing blocks πŸ‘‡ Source: @Krippenreiter
[2/15] β€” 1⃣ Fundamentals β€”

What makes the XRP Ledger so great is that "things just work". πŸ˜‰

To move value from A to B, you don't need a master's degree, because every single imaginable feature is engineered deep into the core. Source: https://xrpl.org
[3/15] β€” 2⃣ Fundamentals β€”

No matter if we talk about tokens, the decentralized exchange, escrow, or payment channels.

They are all tiny building blocks that a developer can put together to form the base layer of any solution. Source: https://smallbiztrends.com/businesses-for-sale-nationwide-right-now/
Read 16 tweets
Krippenreiter Profile picture
Mar 9
[1/🧡] A paradigm shift for the XRP Ledger is on the horizon ‼️

It's a future that's:
πŸ”Έ Programmable
πŸ”Έ Automated
πŸ”Έ Compliance-first

Let's take a look at some of the fundamental arguments and work out what this will mean for XRP. πŸ‘‡ Source: @Krippenreiter
[2/18] β€” 1⃣ Status Quo β€”

To date, the XRPL is a so-called β€œfixed-function” blockchain, which only allows new native features to be added to the XRP Ledger if the on-chain governance process votes in favor of it.

If you're a pessimist, you would call this β€œpermissioned”. πŸ˜‰ Source: https://xrpl.org
[3/18] β€” 2⃣ Status Quo β€”

But there are actually many benefits and advantages that support this approach, e.g.:
πŸ”Έ Battle-tested (i.e. Escrow, Paychannel)
πŸ”Έ Aggregated Liquidity (CLOB+AMM)
πŸ”Έ Automatic Version Upgrades
πŸ”Έ Higher Standards (More Audits and Performance Tests) Source: https://b2prime.com/mu/news/what-is-liquidity-aggregation-and-how-it-works/
Read 19 tweets

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