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Why is no one talking about the latest upgrade to the XRP Ledger?
Native NFT Functionality Enabled As XLS-20 Goes Live On XRP Ledger
XLS-20 amendment live on the XRPL (NFTs on XRP ledger)
With the XLS-20 update going live just minutes ago, the XRP Ledger now has native NFT support.
XLS20 is near, what projects are you eyeing 👀
Mentions
He stated a fact, and rather than elaborating your point, as you've done here, you called him out his depth. IBIT "holds bitcoins on behalf of millions of investors". Cool. So does MSTR. Its a public company and shareholders have beneficial ownership. There is no MSTR "holding bitcoins for themselves." The board has a fiduciary duty to the shareholders. Saylor ain't even CEO. The difference you're getting worked up about isn't "ownership," it's structure. Has MSTR's financing and capital structure created systems/incentives that could create a self reinforcing spiral down as easily as up? That's a real question that would require reading through the covenants of his secured paper, building a flow of funds waterfall in XLS and then running a pivot table for scenario analysis. Have at it, Mr. Depth!
Buy a little every week. It is always time to buy. Test this strategy on an XLS and you will see. I see it as wealth protection, not as investment. Save a little of good money every day for the future no matter the media and SEC and whoever say. It's your wealth, not theirs.
There actually is staking now since XLS30 amendment added automated market makers to XRPL they just don't have anything to do with consensus or validation
There's two new features coming XRPL: "XLS-30 will bring a native Automated Market Maker to the XRPL that integrates with the existing order book DEX to enable trading of digital assets in automated liquidity pools and enable developers to address a wider audience of DeFi stakeholders. – reads the announcement. The clawback feature, on the other hand, is designed to allow for an opt-in capability for newly issued assets to be clawed back through a trustline. It cannot be used to claw back XRP – that’s an important clarification."
tldr; The relevant text for the article title is: "A novel automated market maker (AMM), also known as the XLS-30, is one of the amendments expected to be made to the XRP Ledger when the rippled version 1.12 is released on September 11, 2023. As noted by pro-XRP financial consultant Panos Mekras, the AMM proposal, if passed, will allow XRP holders “to earn, for the first time, income on-chain.” An AMM is a decentralized exchange (DEX) where traders can buy and sell crypto assets. However, unlike what is attainable in a centralized exchange (CEX), users do not trade with other people but directly through the liquidity pool. The liquidity pool is one of the ways XRP holders are expected to make passive income from this venture, as they can act as liquidity providers and provide their tokens to the liquidity pools while they earn trading fees in return based on the level of liquidity provided." Summary (600 characters): The upcoming release of rippled version 1.12 for the XRP Ledger will introduce a novel automated market maker (AMM) called XLS-30. If approved, this AMM will allow XRP holders to earn income on-chain by acting as liquidity providers in the decentralized exchange (DEX) and earning trading fees. This update aims to expand the use case of XRPL and attract major DeFi projects to the network, potentially increasing the demand for XRP tokens. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR. Try our free crypto chatbot at https://chat.coinfeeds.io*
Melt faces Next month when burn to mint bridge goes live for Xahau launch and XLS 30 AMM amendment is voted on.
Defi is launching in September with XLS 30 AMM. Automated markets will be on ledger objects.
XLS 30 AMM is in the next Rippled version going up for voting, September 11th
The future of Defi comes Sept 11th with XRPL XLS 30 AMM amendment goes live. Xahau Network the XRPL smart contracts L2 will host Defi with 0.00002 fees. Beginning of multiple layer 2 networks all using XRP
XRPL is about to launch an entire L2 federated ecosystem with burn to mint bridges. Smart contracts, zk VMs, NFTs, and XLS 30 AMM amendment will implement a novel AMM that will almost completely negate impermanent loss. I'm biased but I say XRPL bullrun is inevitable
XRPL is about to launch an entire ecosystem of L2s connected with burn to mint bridges. Everything that's on Ethereum will literally be copied over to sidechains. Defi, privacy, zk VMs that use XRP as gas. The XLS 30 AMM will have retailers earning tx fees from the AMM. The ODl service in the US will be required to source directly from the open market because of the Institutional sales ruling.
It's about to launch an entire legal L2 defi network with burn to mint bridges, XLS 30 AMM is designed for Institutional Defi. Yeah I think that's low.
Burn to Mint sidechain bridges, smarter contracts, XRP virtual machines, Defi primitives all about to launch and be legal in the US. XLS 30 AMM novel automated market maker. Not just about the court case
>Even if banks "adapted" xrp. THEY WON'T REALLY USE XRP but another coin will be used, and xrp are just used for confirmation Bank A, B and C join Ripplenet, each create their own coin. now in order for them to enable trading using their own coins they need to * create the liquidity required between all 3 of them. * each now need to hold each others coin to facilitate trade which locks up capital that would be working capital otherwise * drive volume and accept each others token at face value. the issue gets worse the more banks you add, The other solution is they could just use a bridge asset to solve all of those problems for them (like XRP) >There's really no use for xrp you can argue it can also be like bitcoin as a store of value but why not just buy bitcoin? It's safer and more decentralized. Bridge asset which provides liquidity and enables trade. Bitcoin is 2 slow, 2 costly and you have to end up with Bitcoin in the end. if I do business with my partners in Thailand and I use a lot of Thai Baht, I dont want to have to keep paying large fees converting Bitcoin with a partner bank in Thailand, just so I can pay my business partners. Multiply this issue by each company and each country they do business in. Suddenly it becomes a massive cost/headache all because I wanted to try and use Bitcoin which does a poor job of solving this problem for me. it instead seems to create more problems instead of solving them with this use case. BTC https://i.imgur.com/sYKdwdv.jpg XRP https://i.imgur.com/4iu05Tt.jpg tell me which is more decentralized. >When i was a fan boy most of xrp are under ripple labs and wether we like it or not they need to sell some for whatever reason, and we get affected. they affect themselves the most tho, so its in their best interest to increase price no decrease it. Them being the largest holder gives them the power to shoot themselves in the foot the most. >Im not sure if that stellar lumens guy already sold his xrp stack, but when i was a fan boy, he was dumping regularly, and it hurts. https://bithomp.com/explorer/rEhKZcz5Ndjm9BzZmmKrtvhXPnSWByssDv here is jeds wallet he has 157.68 Total XRP left. There is no Correlation between Jeds sales and price appreciation or depreciation. his sales were structed purely off of daily volume so that he was only allowed to sell a drop into the ocean of volume every day. >It's already at 41b marketcap if its at ath, it will be at 160b+ marketcap. Possible? Yes, it is, but I'll just buy eth if i need like a x2 or x3 and eth has more use case Eth is between a 2-3X ATH. XRP at current price of 78cents is 5x from ATH. With Hooks, NFTs, XLS-30 there is actually nothing Eth can do that XRP cant. and in fact with how the automated market maker functions the XRPL there are many things ETH wont be able to do that XRP does.
Spoiler alert: most if not all CBDCs will just be "side/private" ledgers on the XRPL. All control of said side ledgers going to the central banks of each country. Cross border transactions will be done via XRP. Assets will probably be their own side ledgers as well such as a gold smelter issuing tokens representing 1g, 1z, and/or 1kg of X% purity gold as they process gold into bars, destroying tokens as they sell them. You can buy XAU (XAU is currently on the XRPL) and either hold it (meaning the smelter will store your share in their vaults) or you trade your token with the smelter's website and they'll mail it anywhere in the world (I forget who pays insurance, probably you). I mean, this is r/cryptocurrency so I'll probably get down voted, but this really is how it's gonna play out. You want to be holding XRP. I almost guarantee no other asset or token will appreciate as much as XRP between now and in the short, medium, and long term. And I haven't even gone into XLS-30d, aka Automated Market Maker. You won't need to sell your XRP, ever. Own *pure liquidity*. Fuck I just gave myself a hard-on..
>And what problem is it that it solves better than alternatives? From where I'm standing all they did was bribe institutions into using it. Can you name me a project that's cheaper, faster, scales just as well, is more decentralized, more secure, allows for complex transactions, has a built in DEX, has token iou/issuances? There may be some that might be cheaper/faster (IE nano) but they cant do the other things. and there might be others that Allow for complex transactions/smart contracts IE ETH. but they arent as fast or cheap to operate. There is nothing that can compete with this total package as far as im aware. Plus with XLS-30 and the AMM/hooks sidechain/amendments. really nothing comes even close to the XRPL
OMG they classified Institutional sales, sales that had an actual contract with post sales obligations. Everyone OMG it's salacious. LMFAO. Anyone with a modicum of Intelligence following this case for 3+ years knew direct sales would qualify for section 5. Ironically those contracts that explicitly prevented dumping on retailers will now be the reason Ripple can't use the escrow in the US. But that's an absolute massive win for retailers because Ripple will have to source XRP direct from the open market for ODL service in the US. The AMM XLS 30 amendment will let retail have a piece of US ODL transactions sources from the AMM.
Ripple will have to source XRP direct from the market in the US because of the Institutional sales ruling. XLS 30 AMM was just merged into main on XRPLF GitHub. Institutional Defi
There are a lot of updates coming for XRPL. IMO the XRPL burn to mint sidechains bridges are the biggest thing to ever happen to XRPL tokenomics. Automated market maker XLS 30 has passed security audits. Trustless yield from non custodial wallets by providing liquidity directly to the Dex. XLS 20 NFTs have more capabilities than erc20 non smart contract based, protocol level royalties. The recommended wallet is XUMM+ Tangem hardware cards they're the most XRPL integrated. Sidechains will bring smart contracts, ZK privacy networks, VM compatibility, Staking, Gaming, gambling
XLS 30 AMM amendment has passed security audits and it will go up for votes soon. Auto mated markets will trustlessly yield from providing liquidity. XRP burn to mint sidechains are launching soon and will have smart contracts and VM compatibility.
tldr; Blockchain software company Peersyst and Ripple have released the second phase of an Ethereum Virtual Machine (EVM) sidechain for the XRP Ledger (XRPL) on the XRPL devnet. The new version features a decentralised bridge design using the XLS-38d specification and supports XRP, IOU and ERC-20 token transfers in both directions between the XRP ledger and the EVM sidechain. The EVM sidechain uses a Proof of Authority (PoA) consensus mechanism and has improved scalability and chain performance. The mainnet launch is getting closer, with the third and final phase being the implementation on the mainnet. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
They are claiming SOL, ADA, MATIC, FIL, ATOM, SAND, MANA and XLS are securities. That is very bad for those projects.
SEC are claiming in the Binance case that BNB, BUSD, SOL, ADA, MATIC, FIL, ATOM, SAND, MANA and XLS are securities. Ridiculous that instead of suing those non Binance project teams, they sneak them into this.
There are 150 that participate as validators with 32 supermajority nodes through multiple rounds of voting to arrive at consensus. Ripple recently relinquished more validators from their dUNL. There is more than one dUNL published. Minimum amount of research and understanding shows XRPL is decentralized by its very nature. Go on Twitter and interact with the XRP community. Xspecter just launched for XLS 20 Nfts made their own validator and has just been added to the super majority validators. Reality is contrary to the narrative that is built in this sub by ETH and BTC maxis. It's like the people that constantly talk shit about XRP got all their info from a click bait YT video filled with fake info.
Better automated market maker than the rest of the market. More money will go to liquidity providers over arbitraging bots because of the XLS 30 design. And there won't be MEVs on XRPL like there are on ETH.
And that shit is impossible on XRPL. XLS-30 AMM amendment is about to go live
Exactly why XRPL just broke into the top 10 for NFTs volume. Quite a few ETH projects switching to XLS 20 Nfts.
I can also create my own XLS amendment. Why not? It's directly related to the SEC vs Ripple case. Jay Clayton set aside the securities funding of ETH after less than 3 years in development. Jay Clayton is a partner at Sullivan & Cromwell that represents Consensys. Gensler is best buds with Joe Lubin having both worked at GoldmanSachs when Gensler made the youngest partner ever and Lubin was VP of technology. Its pretty relevant
XLS 30 AMM amendment for XRPL should be on everyone's radar. Only chain that will implement an automated market maker with a continuous 24 hr auction at the protocol level instead of the application level. Every liquidity provider will earn more money in Defi on XRPL vs other networks
This isn't possible on XRPL because validators don't have this kind of control. After XLS 38d launches with evm sidechains Defi will blow up on XRPL.
There were Ripple engineers involved with the XLS 20 standard but other developers were working on it with them. They pushed it through development and it got voted on and passed. Now ripple engineers aren't involved but some of the same devs are pushing development for XRP NFTs by creating more functionality in the new market places.
Not really, been after it for 9 years at this point. The biggest thing about to happen for XRP is the launch of L2 smart contracts with Evernode. The XLS 30 for the AMM amendment which will put all of the markets Defi to shame. And XLS 40 decentralized multi chain identity. The XLS 20 Nfts development is continuing and likelihood is high it'll have an impact on price all by itself. The NFT marketplaces are pushing the development action and should begin to attract large scale money from other NFT projects.
I couldn't find the model of Al Gore's private jet because apparently he doesn't own one. But if you flew 2,000 km on a Citation XLS (one of the most common private jets) *every single day* you'd barely break 0.01% of Bitcoin's CO2 emissions according to the chart. Don't get me wrong: I am certainly not arguing that wealthy people flying around in private jets is somehow more worthwhile or justifiable than Bitcoin mining, but the information in this post is dangerously wrong.
How is it centralized? Ripple is only in control of distribution until XLS 30 AMM then the escrow will be automated. The technology is clearly decentralized for anyone that actually cares to learn about it. XRPL requires EVERY node to submit transactions whereas POS and POW both allow SINGLE entity block proposals which have caused tens of Billions to be extracted from users. Block production is entirely abstracted so validators have no control over transaction inclusion ordering or prioritization like they do on Ethereum and BTC.
You could try the original. XRPL created the first DEX it's a real CLOB orderbook trades with the most fiat pairs and XRPL has some specific benefits like pathfinding, rippling, and multi currency payments. There's a group from humming bot that integrated the biggest open source AMM. There's also the XLS 30d amendment coming which will have native AMM
There's been a lot of development happening also. NFTs are picking up steam XRP.cafe . XUMM SDK has just got way easier to develop with. XLS 30 AMM amendment is coming soon. Peersyst XRP EVM federated sidechain based on Cosmos Tindermint is coming soon. XRPL will be EVM compatible and have Automated market makers with XRP speed and fees. Plus some bangers out of the recent grant award round #5
I simply stated facts bud. The OP article is XLS 38d a ledger to ledger sidechain compatibility bridge. Has nothing to do with the dumb shit you posted.
So many hacks with *Ethereum bridges The XLS 38d proposal in combo with how XRP works means it won't have the same problems as ETH layer 2s. Xrp doesn't have a 10 min block time and has an actual orderbook on L1
XLS 30d AMM on XRPL will be the only one in Crypto space that can do single sided liquidity pools because of the XRPL CLOB orderbook plus the AMM will auction the rights to arbitrage. The majority of the fees will go to liquidity providers who can avoid impermanent loss entirely by just holding one side of the pool if they want.
XLS 30d comes out on XRPL you'll be able to get yield on staking pretty much anything with 1 sided liquidity pools that will reduce impermanent loss.
Reminds me of the genius Tories who used an XLS format to try and save millions of rows of data regarding covid cases in the UK.
Blockchain is just like a Microsoft access database that logs geo tags. Funny how ripples nfts or on XLS 🤣🤣🤣 Its just advanced accounting software thats why ripple fees so cheap Nothing moves just gets logged. You keys are just your access to your partition of money Crypto is a scam bit it still pays. Has more trust than cash and money is onky trust
Equilibrium Games on XRPL is possibly the perfect project for gaming development. 100,000,000 supply fully distributed already multiple developers/studios. They have demos on Twitter of Unreal5 games with XRP XLS 20 Nfts. Non smart contract based NFTs combined with hooks, sidechains, and the AMM will show XRP has significant advantages for in game economies and gaming development. Equilibrium Games isn't the only one developing games on XRPL but it is the best one so far.
What an insipid response. You have no clue what you are talking about. XRPL is about to have much better Defi XLS 30 amendment than the absolute shit show that is the Ethereum scam ecosystem.
It's not on the mainnet yet. XLS 30 AMM amendment + hooks will allow this functionality. There are a few projects working on this. Eventually Xumm will have a xapp inside the wallet that will connect EVMs. Right now there are historical assets on XRPL listed by gateway exchanges.
ETH L1 is hot garbage and requires L2s to scale. XRPL doesn't have that problem. The smart contracts on XRPL L1 will be called with Hooks, which are intentionally non Turing complete to compliment the speed of XRPL. XRPL L2s won't need zkrollups between the networks. It'll all just be xrp. XLS20 NFTs are fast integrated ledger objects which should make them ideal for gaming.
The NFTs that recently launched from XLS 20 are in a class by themselves. They are the only integrated highspeed NFTs not based on smart contracts. The AMM XLS 30 amendment is on testnet and in my opinion will be Mike's better than l2 zk roll ups because they won't have the speed to mainnet or a problem with auth like XRP will. Also no need for things like chainlink because the layer 1 is the Oracle and smart contracts on XRPL will be Oracle based compatible with any language. Vitalik did take the idea for Ethereum from Codius while sleeping on Stephan Thomas's couch.
Ripple didn't handpick Xspecter that just launched for XLS 20 Nfts. They created a XRPL token then a validator and when Ripple turned off one of their nodes Xspecter validator took its place.
That interesting view because even the SEC refers to XRP ledger as decentralized. How is it centralized? The technology is decentralized, the only argument is centralized distribution. The escrow is going to be automated after XLS 30 amendment
It's interesting considering that SBI is the largest shareholder of Ripple and the company using XRP the most for business. I wonder if Forte is involved, it would confirm the AAA titles getting XLS20 NFTs at some point.
How is it a grand statement? Understand how trust is distributed in the network. It's the definition of decentralized, the network topology at a glance looks decentralized. The only argument worth entertaining is centralized distribution because it's the only argument with merit. That's going to be changed with XLS 30 AMM amendment. The escrow releases will be automated. When's the last time someone had a XRP transaction censored? It's never happened before, whereas both BTC and ETH allow node operators control over your transactions. Node operators can't control transaction inclusion or ordering/ reprioritizing on XRPL. Go on Twitter and interact with the XRP community. Xspecter just launched for XLS 20 Nfts and has just been added to the super majority validators.
XLS 20 Nfts are superior to ERC 20 smart contract based NFTs objective fact. The XLS 30 AMM is on testnet. Combine the only L1 with a working highspeed orderbook with XLS 30 Defi = safer than all Defi on Ethereum.
XLS 30 AMM upgrade is about to go live on mainnet and make ETH and Ada Defi obsolete. He is afraid of XRP making ADA irrelevant. Defi on XRPL will be safer, faster, and cheaper. XRPL is the only top crypto with a functional L1 orderbook
The XLS 30 AMM amendment is about to be in production. Why would anyone want to sell their XRP when you'll be able to have yields in single sided liquidity pools. In light of recent events with ETH and FTX why aren't more people interested in XRPL?
I was looking into tangem cards but never pulled the trigger on the purchase. I may have to revisit. I also saw that XLS 30 just dropped, very exciting!!
The XLS 30 AMM amendment upgrade is live on testnet since yesterday. Given the climate you'd think single sided self sovereign liquidity pools would have people talking about XRP. XRPL
XLS 30 AMM amendment upgrade is about to get started. It's currently live on test net. You'll be able to hold XRP or any on ledger token in a single sided self sovereign liquidity pool. XRP is not just for institutions, download XUMM wallet and get a Tangem trade on the dex.
For sure! Yes additional utility is coming. I'm looking forward to Flare being fleshed out. Songbird has helped me dip my toes into defi/liquidity pool farming and staking so that has been fun. XLS-30d will bring an AMM to the XRPL DEX. Should introduce some yield farming/liquidity pool options for XRP. There has always been a stigma with XRP and Ripple. Premine, different consensus, and working with regulators/banks instead of opposing doesn't sit well with a lot of crypto purists I suppose. I could ultimately see crypto as a replacement of fiat in the distant future, but I've always seen it as an improvement upon money for the present. I'm biased, but the lawsuit looks favorable. We shall see. Overall the XRP ecosystem looks promising though!
XRP had the first Dex ever created and it's still the best. Tangem hardware card + Xumm non custodial wallet trade + fiat on ramp directly into wallet. Trade a real time Dex with almost no fees. You could always hold everything in the space if you trust the gateways that issue the iou. Soon XLS 30 AMM upgrade will go live and you'll be able to hold everything trustlessly.
Really!? Is there another network that has NFTs natively not requiring smart contracts. About to have hooks and federated sidechains. The AMM will be introduced with XLS 30.
To add onto this, the NFT amendment also allows carbon credits to be native to the XRPL as well as real estate and other tokenized assets that need to be non-fungible. So Ripple will be utilizing XLS20 most likely, but as the above commenter says, the XRPL community and users are much larger than Ripple alone.
The XRPL XLS 20 Nfts opening was actually bigger than Reddits NFTs according to Twitter.
>pledged $250 to a creator fund for people that build on the XRPL Should be $250 million, if I'm not wrong. . >XLS20 has enabled native NFTs on the ledger. The interesting thing to me is that these NFTs are run without smart contract. Wondering what sort of NFTs are the target for this XLS-20 upgrade. Maybe carbon credits NFTs or [real estate NFTs](https://decrypt.co/106404/ripple-labs-helping-colombian-government-put-land-deeds-on-blockchain)? . >Are NFTs just really dead right now? Maybe the jpeg ones. But it's likely to be a huge market in the future, especially for the utility ones. I think DEXs like Uniswap are focusing on NFTs to prepare for the future too. . >Or is XRP just fallen by the wayside in the crypto conversation? Maybe the SEC vs Ripple case is dominating the conversation on XRP at the moment. Also it's not easy for Americans to buy XRP at the moment, hence they are not so invested in the XRP ledger. Perhaps when and if Ripple wins and XRP gets relisted in the major exchanges, and more people are able to buy, the interest may grow. Meanwhile it's probably one of those quiet coins that go about doing its own thing.
3 days until XRPL has NFTs. The XLS 20 Amendment goes live on Halloween. Lots of cool projects. My favorite is Aesthetes ELS. They just launched phygitals NFTs that are tied to actual physical Art. They have traditional art auction business in Milan.
October 31st XLS 20 goes live. Nfts will be big on XRPL. There are a lot of developers that have been waiting for a long time for this amendment.
***He recently oversaw the XLS-20 amendment introducing non-fungible tokens (NFTs) to XRPL. The proposal could come to life as early as Oct. 31 as the network validators are currently voting on it.*** My guess is he’s going to get into the XRP NFT scene.
When XLS30 is live you will be able to directly from non custodial wallet
Xrp doesn't provide anything new? I'll bite. XRPL has the longest running and most liquid L1 Dex, which was the first Dex created. Ethereum doesn't have a working L1 orderbook which has caused all kinds of hacks requiring fixes like Link oracles. XRPL L1 real time orderbook + it's federated sidechains that will be accessed from L1 with hooks is safer, cheaper, faster than ETH and it's L2s. Say goodbye to all the MEVs on Ethereum they're not possible on XRPL. XLS 30 Amendment Defi AMM is on testnet. To your last point where do you think Vitalik got the ideas for smart contracts? From Stephan Thomas when he was sleeping on his couch trying to get a job at Ripple.
This is the creator fund for Nfts that are about to go live when XLS 20 amendment voting is finished. October 27th 16 UTC if the vote stays above 81% for 2 weeks
Ripple’s XRP Ledger Is Getting a Sidechain That’s Compatible With Ethereum RippleX developers are currently testing an Ethereum-compatible sidechain and a bridge that will connect it to the XRP Ledger’s mainnet. Kate Irwin By Kate Irwin Oct 17, 2022 2 min read Ethereum and XRP are among the biggest cryptocurrencies by market cap. Image: Shutterstock Ethereum and XRP are among the biggest cryptocurrencies by market cap. Image: Shutterstock Blockchain software company Peersyst has launched an Ethereum-compatible sidechainon the XRP Ledger’s devnet, Peersyst and RippleX announced Monday. Devnets, or developer networks, are separate from a blockchain’s main network, or mainnet, and are used to test and troubleshoot new technologies. This means the Ethereum-compatible sidechain for XRPL is now live, but still in an early phase. The sidechain uses the coding language Solidity, the same code that is used to program applications and smart contracts on the Ethereum network and other Ethereum Virtual Machine (EVM) blockchains, such as Avalanche. But unlike Ethereum, the XRPL sidechain uses XRP as its native currency. Ripple CTO David Schwartz said over a year ago in September 2021 that an EVM-compatible chain on the XRPL was in the works. “Sidechains make it easy for developers to customize the chain for their use cases,” Schwartz previously wrote on Twitter, adding that “Bringing Ethereum smart contracts to the XRPL could lower the barriers to entry for developers to build powerful DeFi apps with cross-chain interoperability.” But Ripple is looking to do more than just enable Ethereum-based smart contracts. It launched its own NFT protocol for the XRPL, the XLS-20, on its devnet back in January, a move which allows developers to launch NFTs directly onto the XRPL mainnet. The XLS-20 technology was approved to launch on the XRPL mainnet on September 13 but is not yet live. "We are optimistic for the eventual adoption of XLS-20 and are thankful the community is so dedicated to a secure and trustworthy rollout," a Ripple spokesperson told Decrypt. "Security is fundamental especially in a time where industry wide exploits have become a regular occurrence." Want to be a crypto expert? Get the best of Decrypt straight to your inbox. Your Email Get it! For those looking to potentially move assets between XRPL’s EVM sidechain and its main ledger, a bridge between the networks has also been launched and is in its early stages. Why not make XRPL’s mainnet EVM-compatible? In a blog post Monday, Ripple Software Engineer Mayukha Vadari argued that such a move “could undermine its efficiency, scalability and security.” Vadari also shared that the second phase of the EVM sidechain project is set to occur early next year, and phase three will bring the EVM chain to the XRPL mainnet at a currently undetermined date.
XRPL will have NFTs on October 27th 16 UTC if the vote goes through. Defi AMM XLS 30 Amendment is on testnet.
4. XLS 20 goes live in 10 days. NFTs markets kick off that have been in development for years.
That would be the uninformed thing to do. Ripple will IPO immediately following the case. Also XLS 30 will be going from testnet to public soon. Buy the low and hodl until billions of XRP are locked in Defi and market makers buy up to get spreads for institutions using ODL.
XRP finally implementing XLS20 (1st week of November), all the projects on the blockchain are starting to go up. Check out the top 100 projects here xpmarket.com
XRP, SOLO, ELS The last two will be excellent returns when XLS20 NFTs go live on XRPL.
Nope, we have NFts going live public oct 27 and then full L1 smart contracts when XLS30 is voted for hooks are live on testnet.
The XLS20 has passed the voting threshold it goes live October 27 16:00 UTC on XRPL
XLS 20 goes live in a few days XLS 30 is right behind that. Nfts with more functionality than other chains and hooks to call smart contracts that can be made with any programming language. You're uninformed, Xumm by itself was 300k-950k daily active users down to 150-200k in the bear market. When upgrades go live it'll be millions.
Hooks on XRPL+ XLS30 amendment is going to be the combo that eats ETHs lunch. Defi on XRPL will be different from Ethereum erc20.
With the XLS 20 and 30 amendments that number will grow as more of the 750+ nodes upgrade to 1.5.9 to not be amendment blocked so yes XRP is more decentralized than Ethereum. Also nodes do not control transaction inclusion or ordering processes like the EVM. So Billions extracted from users through MEVs is not possible. When's the last time someone got transactions censored by a 3rd party on XRPL? never heard of it.
That would be pretty stupid to do before the Ripple IPO, and XLS 20 and XLS30 go live.
So you're equating wealth distribution with whether or not the technology is decentralized. Good job not understanding Jack. The escrow is cryptographic and soon to be decentralized when XLS 30 AMM goes live.
BTC is not the only decentralized cryptocurrency. When was the last time a transaction was censored on XRPL? XRPL also doesn't require 3rd party middlewares to stop rampant theft. The network determines which nodes overlap the greatest % of the network if nodes reach the thresholds it's added to consensus and amendment voting. The number will grow with the amendments XLS 20 and XLS 30 that require the majority to upgrade or be amendment blocked. XRPL is decentralized it doesn't require you to understand that. It's clear to anyone that is actually familiar with it.
XLS 30 upgrade for AMM auctions, distribution is going to be decentralized when they change the destination addresses for the escrow. Same with how Ripple now only runs 2 of the 35 supermajority validators on the way to 0. Validators should grow with the next big updates once the 750+ nodes all upgrade to the current version to avoid amendment blocks.
Relisting on 300+ exchanges, Ripple will IPO shortly after, ODL service rollout in US, institutional investment, XLS30 XLS20 upgrades locking up billions of XRP, Ripple hub going live with banks in the US. All good reasons for an extended XRP rally. A win for Ripple means legal clarity for not only XRP but the entire market. Ripple winning could get a Bullrun started just from Ripplehub. Banks can purchase and custody all crypto assets for their customers with a bit of ripple software.
>ripplenet does not equal xrp Ripplenet via ODL uses XRP to settle payments and provide liquidity. so depending on the usage, it does. >even if financial institutions use ripplenet this doesn't create buy demand for xrp ah see this is where you're wrong. Many are using ODL which is a part of Ripplenet. and with liquidity hub launching soon, it actually means there will be even more options/usage via Ripplenet. >xrp is fully pre-mined and only half of it is in circulation how to prove yourself wrong in the same sentence. 100% is in circulation because it was 100% premined. what a 3rd party chooses to do with their XRP doesnt remove it from circulation. no more than if I chose to escrow lock my BTC/ETH up... > this is sell pressure. More newly mined bitcoin is sold by the miners into BTCs ecosystem then Ripple sells of XRP. And it isnt new XRP being created, its been there since the beginning. > xrp is not yield-bearing the XLS-30 amendment and FLR disagree. >there is no incentive to hold it outside of speculation #1 usage in real world applications worldwide out of any crypto. oof. Im glad you replied with nothing of substance and the usual incorrect nonsense. care to try again?
Considering after this case it'll be the only L1 being used outside of crypto for its utility with legal clarity. No one knows how high it could go. There are 49 Billion in circulation the rest are in cryptographic escrow. You got XLS 30 about to bring AMM Defi and XLS 20 Nfts which together potentially lock tens of Billions of xrp off order books.
Agreed, XLS 20 and XLS 30 will be major when they go live. Defi AMM on xrpl will be safer than the whole Ethereum ecosystem. Smart contracts that can scale, use any programming language, and a L1 that doesn't cost an arm and a leg to use let alone all the exploits with ETH VM
This is exactly why XLS30 on XRPL is going to give Ethereum a run for it's money where other ETH killers have not. XRPL has the first and largest L1 orderbook dex that actually works. Combine L1 orderbook with XLS 30 and all the problems with Eth EVM security and scaling are gone. Any programming language will be available not just Solidity. L1 will be able to scale, any smart contracts can be called with a hook transaction. All the security issues that are a problem with ETH based EVM aren't possible with XRPL. Node operators do not have control over transaction inclusion or ordering processes like they do in ETH based EVM.
There are different platforms that will have XLS 20 Nfts. Sologenic, Aesthetes, Vaga and loads more. Xumm has a partnership with one of the big NFT brands that will be right there in Xumm can't remember which one
How do you access XLS nfts? Or atleast see what's happening?
XLS 20 Nfts are about to go live. Most network growth in 6 months. Then XLS 30 will go for voting bringing Defi AMM.
Highest network growth in 3 months, XLS 20 is almost done being voted on.
XLS30 right behind it is going to be a bigger deal than XLS 20 imo. Defi on XRPL will be safer than Ethereum with less censorship.
XRP is on the verge of causing its own Bullrun so, no it isnt dead by any means. with the XLS-20 amendment coming in the next few days/weeks there will be an explosion on the network in terms of activity and development from small to med sized devs.
That was bad. You’d think they’d use something more suited to the purpose such as Oracle or SQL Server but no. Using the old XLS file format didn’t help matters! Much of the time cutting corners like this comes down to cost and not having the knowledge in house to manage it properly. Sadly doing things ‘on the cheap’ so often ends up being a disaster. It’s truly scary that a financial company like Celsius would even dream of running their business on MS Excel. It has me wondering what sketchy crap the banks are doing on the quiet. Even with regulation and legal requirements traditional banks will be cutting corners any way they can too.
You're uninformed, major upgrades are about to happen to XRPL. XLS 20 will be native NFTs. XLS 30 AMM and native smart contracts. XRPL has a very large active community especially around XUMM wallet and the majority of the XRPL community is on Twitter. Xumm daily active use is usually between 300k-1.2mil. XLS 20 is being voted on right now. XRPL is about to have Defi and Ecosystems without the garbage chain bloat, expensive fees, or the terrible security model of Ethereum.
Well yes as is traditional in crypto. XLS 20 and XLS 30 are huge though, years in the making. Can't forget XRP was delisted from 350 ish exchanges before the lawsuit it was on track to have more exchange infrastructure than ETH+ BTC combined. Annnnd Ripple is going to IPO post lawsuit bringing its Ripplenet ODL service that uses public XRP gateways Into a $250-$350 Billion net profit annual market run by a handful of mega banks with an entirely inferior service, so yeah buying the news.
XLS 20 Nfts will go live in a few weeks it's up for vote right now. XLS 30 will be right behind it. XRPL is going to solve a lot of the bullshit in Defi AMM.
They will when we get the combo of XLS20 + XLS30 + lawsuit ends favorably