#XRPL
Protocol & Evernode developer. Interested in the practical application of DLT. Studying...
Working on various web3 efforts on social, economics and tech.
🌉 Important announcement to all 🌉
The XRP Ledger ecosystem will have a new, separate ledger that will have $XRP as its native asset.
More on this thread 👇 ...
Great news for the
#XRPL
&
#XRP
's liquidity! The AMM (Automated Market Marker) amendment introduced by
@aanchalmalhotre
&
@JoelKatz
has been proposed as a PR on rippled's codebase. 🎉
🧵(1/5)
🚨 WARNING 🚨
#XRPL
& $XRP
In light of the recent jump in twitter traffic, there are bots acting as
@bgarlinghouse
,
@JoelKatz
, and a few others to SCAM!
Please be careful and alert at all times
🚨 There are no airdrops
🚨 There are no giveaways
🚨 There are no reward programs
#XRPL
: There have been doubts & confusion regarding the XRPL's decentralized aspect and the default Unique Node List (dUNL), a long but must-read thread addressing this matter. 🧵(1/9)
$XRP Community: Reviving innovation, traffic and the greater community.
For the past 5 years, the
#XRPL
community has been stagnating and downgrading at a scary rate; Where innovation from the greater community has diminished to only a few parties putting effort into research…
The next phase for this amendment is to pass testing & reviews, it will then be up on the XRPL as a vote-able amendment. This whole amendment screams LIQUIDITY 😆!!! FIN.
#XRPL
: Introducing you...🥳
The Decentralized Key Management framework (DKM)
A framework used by HotPocket dApps hosted on Evernode to manage their XRPL account's signer keys in a decentralized manner.
With Hooks, developers are able to build and deploy a variety of products & features without needing to push changes directly on rippled, which may take up months to even show up on the network for voting.
This is AMAZING, the rate of R&D on the XRPL ecosystem will sky rocket.
The amazing thing with the
#Hooks
sidechain is that, a majority of what we thought was impossible to develop & use without introducing an amendment is now possible w/ a mere Hook 🤯!
So there's no need for devs to publish an amendment to introduce new features, just code a Hook!
The Hooks sidechain is a separate ledger, powered by the XRP Ledger Consensus Protocol with the Hooks amendment enabled.
It will introduce a unique line of features, applications and opportunities to grow that are practically nonexistent on the
#XRPL
.
The amendment will allow XRPL users to Deposit, Withdraw, and Govern on an AMM Instance (Pool). The most interesting part about this amendment is, it incentives liquidity providers on the native DeX, which improves $XRP's bridging feature as there's more liquidity. (2/5)
🚨 Warning: $XRP & Ripple misinformation campaign
A block is not enough, we need to report these "influencers" on Twitter that post redundant materials that are from 5-7 years ago.
@offledger
would hopefully provide a list under this post and please, report each and every one…
[
#XRPL
& $XRP: A thread on incentive models🧵]
Incentive models has been on my mind for quite some time, actually
I really think and know that the XRPL is a wonderful payments solution but with Hooks & Evernode, this will all change. (!)
Let's take a look and have a talk
1/7
Had another convo about incentives and it led to staking somehow. IF the XRPL would have secure, trustless ONCHAIN staking, would you stake your XRP?
(Multi poll Thread!)
With Hooks, Evernode and other solutions atop of the Hooks sidechain, the underlying network and its native asset $XRP will have natural demand as the network develops in terms of its applications, userbase and liquidity.
We will see natural adoption and development here. No BS.
And let's not forget this one, a feature on an AMM Instance would continuously auction off trading advantages to arbitrageurs, charging them a fee and giving these earnings to its liquidity providers. (3/5)
Teams are able to leverage Hooks and expand their line of products in a flexible manner; allowing them to introduce new income streams in ways never seen before on the mainnet.
The more good Hooks there are on the network, the better it is for everyone. We will grow.
Of course, users are able to leverage Hooks and expand their application of the XRPL, giving them the opportunity to extract more value from the network in a friendly way.
And in turn, making $XRP more than just an over-marketed gas token.
I don’t think people still *fully* understand the technical & business implication on a
#Hooks
-enabled network.
The
#XRPL
comes with a variety of features natively, and with Hooks (smart contracts) & Evernode (L2), we’re going to have a LOT of flexibility and leverage.
#XRPL
: I would like to propose another Community Call on
#AMM
's.
Due to the recent high discussion rate on
@RippleXDev
's AMM amendment, I believe that we should all come together to break down the recent findings & discuss.
Inviting the mastermind behind AMMs
@JoelKatz
🤗📚
Devs, teams and enterprises are able to jump into the Hooks sidechain and do research & development straight to it as the underlying network is very very similar to the mainnet.
The interface is the same, the ledger framework is the same, the consensus protocol is the same.
To end this thread, I'd like to say that there is always room for improvement, room for collaboration, room for support.
The Hooks sidechain will be maintained and developed in a truly supportive, direct and good-faith manner.
That is my standard.
#XRPL
: The ExpandedSignerList amendment has just passed the 80% consensus mark, which marks its path of getting enabled @ Oct 13, 2022! A thread diving deeper into the amendment's implications! 🧵 (1/4)
The Flare community has ☀️
The Ethereum community has .eth
The Bitcoinc community has ⚡️
The
#XRPL
community will have 🪝
Add🪝to show your support for Hooks!
Regarding the governance mechanism, an AMM Instance also provides governance rights to the largest stakeholders of the AMM Instance. This allows them to vote on the trading fee the instance charges. (4/5)
Are you supporting Hooks?
Loving Hooks?
Pushing Hooks?
🪝🏴☠️
Add these two emojis to your Twitter handle (username) to show your fullest support to everyone!
I'll start !!!
While a Hook has its limited capabilities, Evernode will be launching right after the network.
Evernode is a layer-2 smart contract solution that is *super* flexible and powerful. Evernode dApps are able to interact with off-chain systems. It can compute, store, provide anything
So I'm still playing around with
@EvernodeXRPL
's devkit and I'm slowly but surely getting the bigger picture for the future of Decentralized Applications on the
#XRPL
.
A thread on dApps, layer-2 and them (finally?)! 🧵(1/7)
With Hooks, Evernode and solutions atop of the Hooks sidechain, each dev/team/enterprise will be able to grow independently.
New apps, new income streams, new protocols, new ways -> honest ways.
This will be written in the books. This is natural evolution, backed by consensus.
HOLY
HOLY
HOLY MOLLY
#XRPL
You guys have no idea how this SINGULAR proposal will singlehandedly reduce the barrier of entry & on-boarding… and UX…
Imagine only having to sign once,
Imagine only having to approve once,
Imagine only having to read a transaction’s actions once.
XLS-55: REMIT transaction type.
Sending multiple assets in one atomic transaction.
Either all sent or none at all.
Just one example: payment + loyalty + voucher @ once
- Product: €10
- Discount @ 500 points = €1
- Voucher (URIToken) = 20% off
Here's your most valuable $XRP alpha:
Look into the Hooks sidechain & Evernode.
Not in a speculative manner but in a constructive manner which brings value to the table.
Talked about a multichain ecosystem w/ $XRP!
On how B2M (xPOP) and the Import amendment could essentially turn the XRPL & XRP as a true, native multichain asset.
No IOU representing XRP, No bridge operators.
Based on a fully permissionless, self-sovereign, trustless protocol.
Incredible conversation today with
@woj4ke
@xrpl365
@XRP_GOKU
@Vet_X0
about Hooks, Sidechains, XRPL and Evernode. I really appreciate your time and for having such a high level overview of all of the information that was shared 🙏
#Evernode
:
Would anyone be interested to join a call (educational class) to learn more about how to develop on Evernode?
Absolutely free, no expectations and what not but I do want to see some effort on your end to do some research 🤓
🧵How Evernode utilizes the
#XRPL
as its settlement layer and as its Single Source Of Truth.
While HotPocket dApps are extremely flexible and powerful with virtually no restrictions, they *need* a settlement layer to transfer and store funds (business activities)
/9
I've published a video Explaining and Demonstrating the B2M protocol/procedure on YouTube, check it out!
ICYMI: B2M will be used to bridge to the
#Hooks
sidechain, more details on the vid!
#XRPL
: I am very busy with my personal matters right now.
What I'd like to say is, please learn before you speak or you may likely spread *misinformation & confusion*.
The XRPL is NOT a DAO, not a congress, not a government. It is spread out.
-> <-
#XRPL
: Evernode is so close to launch.
To developers, PLEASE take a look at what Evernode is and study it. It's a powerful approach to decentralized applications (trustless software) for the XRP Ledger and the entirety of crypto.
This while change everything, you have my word.
1/6 Announcement: Getting Ready For Launch
We’re moving to the latest Hooks testnet to get ready for launch. Hosts should check out this GitHub announcement for more details and begin preparing for the switch.
"nobody's using the
#XRPL
for anything, it's a ghostchain with empty promises": Welp today,
@EvernodeXRPL
has announced their public beta test phase, which is open to everyone. Their underlying product works with Hooks,
#NFTs
and layer 2 tech (HotPocket), to name a few. (1/3)
Host Beta Open: We’re looking for hosts to help us test our project by running a beta host. You can monitor your node and follow along the progress of the network here:
1/10
#XRPL
: Happy to announce that the NonFungibleTokensV1_1 amendment (
#XLS20
) has reached the 80% approving voting threshold on the dUNL. If this is maintained, the amendment will be activated in two weeks on-chain.
And we're off to the races!
With the Hooks amendment being audited by security experts, there will be a federated sidechain with Hooks existing for the
#XRPL
ecosystem to test it out with real $XRP
Hooks provide a variety of use cases to the XRPL from finance to key management.
We're actually going to do this. Security audit contract signed last week.
After the audit (and potential improvements based on the results) there will be a side chain.
With XRP as the native asset.
I've had conversations with
@WietseWind
regarding
@XummWallet
's data management and from all the convos that I've had with him, he has never sold any user data in any way, shape or form. He has no interest in exploiting his users' data, XRPL Labs & XUMM are in it for the long run
@phantomrunner11
@mxttsco
@thestandard_xrp
@XRP_Productions
Remember there's a very dedicated, highly skilled team working on Xumm every day, keeping your keys and data safe, allowing you to interact with the XRPL ecosystem. Without selling (or even collecting) your data. Providing support. Enabling Devs and users and growth.
Friday announcement for the devs!
#Evernode
: DKM v0.2.0 is now live. 🪝🎉
With improvements across the board from the fundamental code design to how we integrate with the
#XRPL
.
#XRPL
: Many people have asked
@WietseWind
,
@XRPLLabs
and others about the state of the Hooks amendment and here's my observation: It's not ready, it won't be up for voting in a longgg time. 🧵(1/6)
#Evernode
: EVS or Evernode Standards is now live!
All relevant proposals, discussions & ideas will be posted and maintained here. Moderated by trusted community members.
As
#Evernode
gears up for launch, I'd like to share some insights & facts for soon-to-be Evernode Host operators and the community.
Evernode is a `decentralized` Infrastructure-as-a-Service platform, meaning that the quality & diversification of host operators is crucial to all.
#Evernode
: I've published the first Evernode Standard proposal, `EVS-01d`, which introduces an NPL Brokerage system to HotPocket instances. 😊
This standard may likely act as a foundational building block on the Evernode ecosystem, so take a look!
#XRPL
Amendment Announcement 🚨 :
The `CheckCashMakesTrustLine` amendment is about to pass voting at 27/34 votes on the dUNL, It'll enable in just 21 hours. (1/3) 🧵
#Evernode
: Call to all interested participants!
Please comment so I'm able to figure out who's actually interested! I'll add you to a Twitter group for communications purposes with everyone.
Everyone is invited, no matter your background & level of understanding! 🤓🤓
#Evernode
:
Would anyone be interested to join a call (educational class) to learn more about how to develop on Evernode?
Absolutely free, no expectations and what not but I do want to see some effort on your end to do some research 🤓
🚨🚨🚨SCAM🚨🚨🚨
The
#Evernode
Foundation does NOT manage or own a support account.
They will NEVER ask you for your private key or ask you to add a trustline !!!
🚨🚨🚨SCAM🚨🚨🚨
@Saitadude
@RippleXDev
EVM works perfectly fine, its the developers that code these bugs in their smart contracts and it doesn't affect the underlying network. It's a federated sidechain, it won't and can't affect the XRPL in **any** way.
🔥Burn2Mint of an XLS20 NFToken, reminted as a URIToken on the Hooks testnet:
🍍The re-Minting is done by a Hook on the Issuer account. It emits here:
🤓And the Hook source:
✅Also possible with IOUs
This move will subsequently increase the XRPL’s decentralized aspect from a software distribution point of view. Thank you
@WietseWind
,
@XRPLF
&
@Ripple
for making this possible.
Today marks a momentous occasion in the history of the XRP Ledger. The repo for rippled is now under the foundation.
Many thanks to everyone who made this possible!
🔢
#Xahau
Fun Fact
Xahau Accounts have a per-account field with a hexadecimal value (0-9, A-F). Each newly funded account will receive its own Index or "number"
It CAN introduce a friendlier process to query accounts. Instead of your regular old r-Address, now it can be "10f2c"
I want to see AMM pools exist on the
#XRPL
, I really do but the circumstances tell me that the AMM amendment shouldn’t, at all.
I even tried to deeply understand & develop on it early/mid this year (IIRC)
my current ultimatum:
We need more reports on AMMs on the XRPL MAINNET.
This was a really good description of what
@EvernodeXRPL
really is at a technical POV, interesting. These 2 terms are new in my books: meta-chain & consensus-as-an-operating-system.
Thank god for geniuses like
@RichardXRPL
🤟
People have long asked what will be the price of $XRP, when will this “utility” come? In my opinion, now more than ever I see a divided
#XRPArmy
! One side looking at only charts, taking cues from the past and trends that follow Bitcoin to draw short term price predictions. Whilst…
Hooks🪝 Fun fact!
A couple of months ago, I Burn2Mint ~500 million $XRP on the Hooks testnet. Transactions ranging from 1-100 million XRP were submitted.
(sorry for the unintended music, that was mine)
@Silkjaer
@daniel_wwf
No, all transactions must include the OperationLimit field and all B2M txs must be sequential by a particular sequence value on a Xahau account called "ImportSequence".
The ImportSequence represents your last Burn transaction ledger index.
For example:
The Xahau Ledger community
#Discord
server is now live.
Come and join! Ask questions, work together as a community 😊
For the community, by the community, Xahau 🪝.
PSA for the
#XRPL
and $XRP community members:
Let's stop fooling around, joking and wasting time.
Start working on the positive side of things (building, discussing, planning, researching).
We *legitimately* can't afford to stagnate! Let's
#BUILD
and
#CONTRIBUTE
in any way.
Honestly, the XRPL and Evernode are beautiful.
Not the concept in itself but the technical components, the ecosystem and everything w/ it.
There's a ton to learn, but that's the beauty of it, you never stop learning, improving and experiencing another "Oh damn, that's cool"...
The
#XRPL
community is slowly but surely maturing!
We still have more places to progress in but, I personally think, that we've steered the ship to the right direction 😁
Currently, the XBridge amendment is under review and testing on the rippled codebase. Credit to
@effofexx
for helping me with structuring this thread 🤠
$XRP Economics: Bridging element.
What are your thoughts on enabling XRPL accounts (users) to set a preferred IOU as a 'bridging asset' for each transactions that they make?
Enabling real world currencies (USD, EUR, JPY) to be used as bridging currencies on the XRPL.
/6
There is a difference between $XRP and the
#XRPL
.
#XRPL
: The XRP Ledger is a network
$XRP: XRP is a cryptocurrency
When discussing about these two, one may argue that $XRP is "xyz argument" but it would not correlate with the
#XRPL
, a network dedicated to settling transactions
At the end of the day, we don't know what's happening behind the scenes: Self custody just works.
1⃣ It's more transparent, you handle your own finances/books.
2⃣ It's more secure, nobody knows you manage a crypto wallet unless you tell them.
3⃣ It's cheap, no fees.
@XummWallet
🤘
This. Transparency is worthless if it doesn't involve disclosing the entire scope, audited, etc. (And your friendly auditor around the corner doesn't count)
The
#XRPL
needs & could transition into this state in 2024.
What I can publicly say is, we need & could change our past mindsets, forgive ourselves and progress forward: Discuss, Learn and Contribute.
sounds corporate but it’s not. we HAVE to progress as a community or ⚰️
🪝
All and all, the XBridge concept is very valuable to the XRPL ecosystem for interoperability between different payment networks and such concept will bring many new use cases to XRP. FIN.
#Xahau
FYI: You can integrate your apps, services, solutions and scripts on Xahau without any major changes other than adding 1 field to all your transactions "NetworkID"
Everything else: Works as per the usual. 😉
#Hooks
: I don't think people understand that Burn2Mint or B2M is meant for enterprise parties to source liquidity for their use cases.
You could source your own liquidity via an exchange, you don't need to use B2M at all.
This goes to the Evernode airdrop as well 🙂
In its core,
@EvernodeXRPL
allows developers to deploy their own blockchains with its own rules and features maintained by incentivized nodes and since we could code it to do *anything*:
We could also code it to act as a layer-2 smart contract on the XRPL and any other chain.
Wow! 🪝
What a very resourceful and wonderful call surrounding Hooks and everything Xahau with practically everyone from
@WietseWind
,
@RichardXRPL
,
@scotty2ten
,
@alloynetworks
& many others... 🤓📰
A heavy call but resource-intensive, huge alpha.
@xrpl_adam
@ShortTheFOMO
a drag and drop (zero code) interface that introduces tx triggers, conditions, events... so if you want to build an application, you could use this without needing to code!
The Hooks sidechain is based on the XRP Ledger Consensus Protocol and it's an extension of the XRP Ledger & $XRP that we know today.
Also: did I say that.. we have more cool shit for you to grow 😉?
Let's clarify this first, it's somewhat clear to the general public that governments want centrally controlled payment networks to act as a medium for their CBDCs, regulatory enforcement and policy making. (2/8)
Because they are the backbone of the XRPL. They genuinely want to see the XRPL be used by retail and enterprises at scale.
No promises, no hype, no crazy lalaland story.
@WietseWind
,
@bharathchari
,
@RichardXRPL
& many others within the community are legit.
This totally fits governments' needs and goals, they're able to deploy their very own payment network dedicated for their CBDC and they're able to on-board users and liquidity from the XRPL without any barriers. (6/8)
There are a few reasons to why governments aren't doing this publicly, mainly regulatory concerns and policy making. Additionally, the XRPL ecosystem lacks sufficient user, liquidity and the infrastructure & talent needed to facilitate such mature ecosystem. (7/8)
On what
@XRPLLabs
is working on these days from
@xrpl_commons
' AMA.
@WietseWind
: "We're trying to bridge some traditional finance and ecosystem things, but we can't say much. But good things seem to be happening."
The key problems with creating a brand new payment network dedicated for your own governmental needs and currency, in a centralized environment is on-boarding users and the necessary liquidity needed to stimulate the payment network with real value. (3/8)
XBridge enables the transfer of assets across different ledgers (ie. XRPL<->USD-L). A federated sidechain can be centralized or decentralized, open or private, its validators can follow any consensus mechanism. Any feature can be implemented to enforce law and regulation. (5/8)
In any new up-and-coming network, on-boarding users and value will always be a challenge.
@RippleXDev
's new Federated Sidechain (XBridge) concept may play an incredible role for interoperability between different payment networks maintained by governments and the XRPL. (4/8)