Krippenreiter Profile picture
πŸ‡©πŸ‡ͺ πŸ‡ΊπŸ‡Έ | Not financial advice | Perpetual education on all #DLT-related topics | Technician at 🧑 | On a whole new path to influencerdom
May 21 β€’ 21 tweets β€’ 8 min read
[1/🧡] Did you know that there is scientific research on the optimal fees for geometric mean market makers (G3M), one of which is the XRPL-AMM?

πŸ’‘ We are doing it all wrong, and here's everything you need to know to revive the AMM. πŸ‘‡ Source: @krippenreiter [2/20] β€” Basics β€”

First of all, among every complaint about the XRPL-AMM, trading fees are something over which we have power.

The voting mechanism of the design passes control to the top eight largest LP-Token holders in each pool, allowing them to regulate trading fees. Source: https://xpmarket.com/amm/pool/USDC-rcEGREd8NmkKRE8GE424sksyt1tJVFZwu/XRP/voting
May 6 β€’ 19 tweets β€’ 7 min read
[1/🧡] The XRP Ledger is about to level up! πŸ”₯

With all of the proposals, discussions, and development going on right now, here is a thorough, high-level summary of what is in the pipeline πŸ‘‡ Source: @krippenreiter [2/18] β€” DID β€”

Status: 🟒 Voting (new bugfix in v2.2.0)

DID is for sharing & controlling your own individual digital identity on the XRPL, while the personal data that your ID links to is held off-chain.

Use Cases:
β€’ Reusable KYC
β€’ Permissioned, regulated, and compliant DEX Source: https://www.w3.org/TR/did-use-cases/#uc
Apr 5 β€’ 23 tweets β€’ 9 min read
[1/🧡] @Ripple announced today that they will introduce a new stablecoin pegged 1:1 to the US dollar.

πŸ”Έ Does this imply that XRP is doomed? 🀨

Let's learn together to fully understand the bigger picture. πŸ‘‡ Source: @krippenreiter [2/22] β€” Outline β€”

πŸ”Έ Ripple News
πŸ”Έ Stablecoin Basics
πŸ”Έ Key Differences - XRP
πŸ”Έ Facts and Figures
πŸ”Έ XRPL-AMM
πŸ”Έ Summary Source: https://www.gagan.pl/crypto/xrpl-funkcja-sprawdzania-na-horyzoncie/
Mar 21 β€’ 14 tweets β€’ 5 min read
[1/🧡] It's always exciting to see @jazzicoop talk about the XRPL and DeFi! πŸ”₯

If you don't have time to see the entire clip, here's a quick summary of what was said. πŸ‘‡ [2/13] β€” Why was @Ripple at @EthereumDenver? β€”

@RippleXDev is collaborating with @Peersyst to develop a fully EVM-compatible XRPL sidechain

Devs may tap into XRPL's amazing attributes:
πŸ”Έ Durability
πŸ”Έ Longevity
πŸ”Έ Regulatory clarity on the asset (XRP) Source: https://bridge.devnet.xrpl.org/
Mar 14 β€’ 17 tweets β€’ 6 min read
[1/🧡] The crypto bullrun has begun, but fraud is on the rise again, so I've curated a list of all the ways you're likely to fall victim to it.

Here's how they'll steal your money in the next cycle. πŸ‘‡ Source: @krippenreiter [2/16] β€” Advance Fee Fraud β€”

πŸ”Έ A scheme that demands an upfront payment after establishing trust.

One example is a seemingly legitimate loan offered to the victim in exchange for a minor advance payment. Source: https://www.financestrategists.com/uploads/How_Advance_Fee_Fraud_Schemes_Operate.png
Mar 3 β€’ 18 tweets β€’ 7 min read
[1/🧡] $XRP Ledger AMM is still not live on the mainnet, and you might be asking:

Why? 🀨

πŸ”Έ Why do we care about amendment-blocking?
πŸ”Έ Why does updating nodes take so long?
πŸ”Έ What is the real issue, & what should we do next?

Allow me to explain what this is all about πŸ‘‡Source: @krippenreiter [2/17] β€” 1⃣ The Basics β€” Why?

Before we go into the details, it's important to understand the basics of why things take so long

Beginning with the fact that amendments represent new features or changes to TX processing

This also holds true when considering simple bug fixes Source: https://xrpl.org/resources/contribute-code/#amendment-implementation
Jan 28 β€’ 18 tweets β€’ 7 min read
[1/🧡] New day, new XRPL drama.

Is it time to be concerned? 🀨

Here's my attempt to cut through the noise, highlight some new solutions to known problems, and ensure everyone understands what just went on. Source: @Krippenreiter [2/17] β€” 1⃣ Summary β€”

@sappenin, a @RippleXDev engineer, proposed a very detailed idea on a change in governance for the @XRPLF with exactly three goals in mind. πŸ‘‡

[πŸ”—] github.com/XRPLF/XRPL-Sta…
Source: https://github.com/XRPLF/XRPL-Standards/discussions/171
Jan 14 β€’ 13 tweets β€’ 5 min read
[1/🧡] Tomorrow is the day you will finally be able to claim your Evers if you've done everything correctly.

▢️ January 15th 2024 at 2AM EST ◀️

Let's go through some preparations to ensure that the final steps go as smoothly as possible. πŸ‘‡ [2/12] β€” 1⃣ News β€”

The () account issued the EVR token, so you now may use to set up a trustline to the issuer in addition to the usual "add token" approach via the mobile app (Xaman).xahscan.com/account/rEvern…
xahau.services
Dec 29, 2023 β€’ 16 tweets β€’ 5 min read
[1/🧡] Here comes the sequel to the @EvernodeXRPL token airdrop tutorial β€” Part 2

You'll learn all you need to know about importing your XRPL account into @XahauNetwork and setting up the Evers trustline correctly.

If you went through the registration, this is a must-read! πŸ‘‡ [2/15] β€” Outline β€”

πŸ”Έ Disclaimer
πŸ”Έ Basic Overview
πŸ”Έ Fundamentals
πŸ”Έ Considerations
πŸ”Έ Tutorial (step-by-step)
πŸ”Έ Next Steps (Part 3) Source: https://www.gagan.pl/crypto/xrpl-funkcja-sprawdzania-na-horyzoncie/
Dec 3, 2023 β€’ 21 tweets β€’ 7 min read
[1/🧡] Here's the promised ALL-IN-ONE thread on the Evernode $XRP-Holder token airdrop.

We'll go over the essentials & how to claim your "Evers" safely using @XummWallet, even if your address is tied to another wallet like @Ledger.

Buckle up; this is going to be a long one. πŸ‘‡ [2/20] β€” Outline β€”

πŸ”Έ Basic Overview
πŸ”Έ Fundamentals
πŸ”Έ Considerations
πŸ”Έ Tutorial (step-by-step)
πŸ”Έ Optional Ideas
πŸ”Έ What's Next? Source: https://www.gagan.pl/crypto/xrpl-funkcja-sprawdzania-na-horyzoncie/
Nov 17, 2023 β€’ 10 tweets β€’ 4 min read
[1/🧡] Several days have passed, yet no rippled v2.0.0 has been released.

Let's go over some of the reasons for the little delay to the revised date of November 20, 2023. πŸ‘‡
Source: https://github.com/XRPLF/rippled/milestone/8 [2/9] β€” New Issue raised β€” #4811/#4812

πŸ”Έ Fix 2.0 Regression

The issue is an unexpected crash that happens when calling a particular method via an API that now returnsΒ a different result than it did previously after changing the API to v2 & unifying the return formats. Source: https://github.com/XRPLF/rippled/issues/4811
Nov 12, 2023 β€’ 17 tweets β€’ 6 min read
[1/🧡] A new major breaking change is on its way to the XRPL ecosystem in the shape of yet another rippled version update.

If all goes as planned, this new version will be available to all node operators by November 13, 2023

Let me introduce you to rippled v2.0.0 πŸ‘‡ Source: @Krippenreiter [2/16] β€” High-Level Overview β€”

Don't be put off by the lingo. I promise to go over everything and simplify it for you later.

Here is what's new:
πŸ”Έ New API version (v2)
πŸ”Έ TPS performance enhancements
πŸ”Έ 4 new amendments
πŸ”Έ New RPC (method)
πŸ”Έ Several bug fixes and refactoring Source: https://github.com/XRPLF/rippled/milestone/8
Oct 22, 2023 β€’ 15 tweets β€’ 6 min read
[1/🧡] The drama around XLS-30 (XRPL-AMM) has reached an all-time high.

But you still have no idea what's going on, don't you?

Here is a compilation of every objective argument I could find that makes current UNL-validators hesitant to vote in favor of XLS-30. πŸ‘‡ Source: @krippenreiter [2/14] β€” 1⃣ Basics β€”

If you look at the current vote figures, you may believe they all conspired to vote "no," but that is not the case.

There is no such thing as a "neutral" vote, and all votes are either "no" or "yes" until a specific decision to vote differently is made. Source: https://github.com/XRPLF/rippled/blob/5af9dc5abd5ba4dc955a6eb96701dea390c636e8/src/ripple/protocol/impl/Feature.cpp#L457
Oct 20, 2023 β€’ 30 tweets β€’ 6 min read
[1/🧡] XRPL: Automated Market Maker (AMM) Q&A β€” Highlights β€”

If you're curious about:

πŸ”Έ The latest drama in town
πŸ”Έ Have just woken up, frustrated about the fact that the space was held at a time when people normally sleep ...

... Then here's a quick & dirty summary πŸ‘‡
Source: https://www.btcc.com/en-US/academy/research-analysis/a-detailed-introduction-of-automated-market-makers [2/29] β€” Little Remark β€”

I tried to get everything down as accurately as possible, although some of what I wrote may have been misunderstood by me while I listened to the guests speak.

Please pardon any errors, as I welcome you to correct me in the comment section below.
Oct 6, 2023 β€’ 13 tweets β€’ 5 min read
[1/🧡] No one votes in favor of the XRPL-AMM feature. 🀨

It's been about a month since I last discussed some of the probable reasons behind this.

Let us take another look at what happened in the meantime and how far we have come. πŸ‘‡ Source: https://xrpscan.com/amendments [2/12] β€” 1⃣st Consideration β€”

πŸ”Έ Network State

100% of all currentΒ UNL-validators have upgraded to v1.12.0, meaning that the XRPL has been sufficiently updated to not halt as a safeguard if an amendment is put into effect.

Furthermore, >54% of all nodes are up to date. πŸ”₯ Source: https://livenet.xrpl.org/network/upgrade-status
Sep 9, 2023 β€’ 20 tweets β€’ 7 min read
[1/🧡] With the publication of rippled version 1.12.0, the AMM (XLS-30) amendment procedure has only recently begun.

Yet, despite this, no one votes in support of the most recent amendments, such as AMM or Clawback. 🀨

The reasons behind this may surprise you. πŸ‘‡ Source: https://xrpscan.com/amendments [2/19] β€” Network State β€”

Let's begin by looking at how many nodes have already updated to v1.12.0 and how many of those are part of the recently formed XRP-UNL πŸ‘‡

πŸ”Έ 679 Nodes in total
πŸ”Έ 136 Nodes - v1.12.0 (20%)
πŸ”Έ 17 UNL-Validators - v1.12.0 (48%)
πŸ”Έ Credits: @jonaagenilsen Source: https://twitter.com/jonaagenilsen/status/1700500904997163087?s=20
Sep 2, 2023 β€’ 18 tweets β€’ 7 min read
[1/🧡] The XRPL ecosystem is growing rapidly, yet you might be wondering:

❝ How do I find out about all of the current new developments and keep up with all of the hot topics around $XRP & XRPL? ❞

The answer is a single website that you've surely already heard about πŸ‘‡πŸ§΅ Source: @krippenreiter [2/17] β€” 1⃣ XRPL-Standards β€” @github

On GitHub, a platform for developers to build, collaborate, & release software in an open manner, you will find most, if not all, of the information on XRPL.

It's the hub of it all, where you can gain insights & participate in discussions. Source: https://github.com/
Aug 21, 2023 β€’ 28 tweets β€’ 11 min read
[1/🧡] $XRPL β€” Automated Market Maker β€” Part 2/2

After learning about the technical details, the next step is to assess all of the risks & recommended precautions to ensure the safety of your funds.

Part 2 focuses on YOU, and all of the related challenges with AMMs. πŸ§΅πŸ‘‡ Source: @krippenreiter [2/27] β€” πŸ“’ Disclaimer β€”

This 🧡 is intended to open your eyes to the other side of the coin when it comes to AMMs

All of this is not financial advice, and all of my suggestions may not fit you as they are strongly dependent on YOU & your unique circumstances & risk management Source: https://mittlerer-niederrhein.ihk.de/de/recht/spezialthemen-recht-und-steuern/internetrecht/internethaftungsausschluss-disclaimer.html
Aug 13, 2023 β€’ 23 tweets β€’ 9 min read
[1/🧡] #XRPL β€” Automated Market Maker β€” Part 1/2

One of the most eagerly awaited improvements & developments to the #XRPLedger's subsystem within rippled, the so-called "Payment Engine".

Part 1 of this series will focus on the positive aspects that are unique to the $XRPL πŸ§΅πŸ‘‡ Source: @krippenreiter [2/22] β€” 1⃣ Introduction β€”

When we consider AMMs, we must remember that there are two sides to the story.

The first, which I will go into in greater detail, is about the technology itself and how it extends the XRPL-DEX that we are all familiar with. Source: https://www.youtube.com/watch?v=htXEEVkiIJ0
Aug 1, 2023 β€’ 18 tweets β€’ 7 min read
[1/🧡] Palau is one of a kind in using the public $XRPL to showcase the possibility of a new paradigm with their newest pilot project, the "#PSC."

I'll take you behind the scenes and explain what's prominent on the transparent public #XRPLedger, so have a look. πŸ§΅πŸ‘‡ Source 1: https://foundation.xrpl.org/ Source 2: https://www.worldnomads.com/travel-safety/oceania/palau/palau-safety-tips [2/17] β€” Outline β€”
πŸ”Έ Basics
πŸ”Έ Transaction Types
πŸ”Έ The Trustline Saga
πŸ”Έ Settings Source: https://www.gagan.pl/crypto/xrpl-funkcja-sprawdzania-na-horyzoncie/
Jul 28, 2023 β€’ 23 tweets β€’ 9 min read
[1/🧡] There is a massive force in the DLT sector that almost no one on CT ever talks about since you can't invest in any of their products.

Let us open our eyes and take a close look at all of the current flagship-products in the @Hyperledger ecosystem. πŸ‘‡ Source: https://dltlandscape.hyperledger.org/projects [2/22] β€” Overview of the ecosystem β€”

Many members and organizations are not visualized since their use cases do not fall into any of the categories listed below.

Just be aware that there is even more in the background. 🀯 Source: https://dltlandscape.hyperledger.org/