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Some Ripple insights
xRapid Brings on Three New Exchange Partners

xRapid, Ripple’s cross border payments product that minimizes liquidity costs, is powered by the superior speed, low transaction cost and scalability of the digital asset XRP. But for xRapid to be most successful, there needs to be a healthy ecosystem of digital asset exchange partners around the world. These exchanges allow xRapid payments to move from one currency – into XRP – and back into another currency quickly and efficiently.
Bittrex will act as the preferred digital asset exchange for xRapid transactions that move through US Dollars. In addition, Bitso and will be preferred for Mexican Pesos and Philippine Pesos, respectively.

Here’s what a xRapid payment flow will look like from the U.S. to Mexico:

  1. A financial institution, that has an account with Bittrex, initiates a payment in US dollars via xRapid which is instantly converted into XRP on Bittrex.

  2. The payment amount in XRP is settled over the XRP Ledger.

  3. Bitso – through its Mexican Peso liquidity pool – instantly converts the XRP into fiat, which is then settled into a destination bank account.

“Bittrex is one of the biggest names in digital asset trading in the U.S. The same goes for Bitso in Mexico and in the Philippines. That makes today’s announcement an important development for xRapid,” said Cory Johnson, Chief Market Strategist at Ripple. “We’ve seen several successful xRapid pilots already, and as we move the product from beta to production later this year, these exchange partners will allow us to provide financial institutions with the comfort and assurance that their payments will move seamlessly between different currencies.”
“We are excited to be partnering with Ripple to bring the benefits of blockchain technology to cross-border payments, making sending money home more affordable for 10M+ overseas filipino workers”, says Ron Hose, CEO of South East Asia’s e-wallet and financial services company,

In May, Ripple announced that financial institutions piloting xRapid saved 40-70% on average compared to traditional foreign exchange brokers who facilitate cross-border payments. The payments also settled in two minutes or less compared to two to three days from traditional methods.

What is xCurrent?

Instant and Certain Settlement
xCurrent is Ripple’s enterprise software solution that enables banks to instantly settle cross-border payments with end-to-end tracking. Using xCurrent, banks message each other in real-time to confirm payment details prior to initiating the transaction and to confirm delivery once it settles. It includes a Rulebook developed in partnership with the RippleNet Committee that ensures operational consistency and legal clarity for every transaction.
[Image: img_xcurrent_1@2x.png]

What is xRapid?
xRapid is for payment providers and other financial institutions who want to minimize liquidity costs while improving their customer experience. Because payments into emerging markets often require pre-funded local currency accounts around the world, liquidity costs are high. xRapid dramatically lowers the capital requirements for liquidity.
[Image: img_xrapid_1@2x.png]

What is xVia?
xVia is for corporates, payment providers and banks who want to send payments across various networks using a standard interface. xVia's simple API requires no software installation and enables users to seamlessly send payments globally with transparency into the payment status and with rich information, like invoices, attached.
[Image: img_xvia_1@2x.png]
What is this thing that builds our dreams, yet slips away from us?

If you want to have an idea of ripples partnerships, look at this
What is this thing that builds our dreams, yet slips away from us?

Thanks for the info Huges.
Cardano is the most promising 3 gen. crypto right now.

The Inherently Decentralized Nature of XRP Ledger

CTO David Schwartz explains why the XRP Ledger is in many ways a more transactional, functional and decentralized ledger than either Bitcoin or Ethereum.

The topic of decentralization in blockchain is wildly nuanced, misunderstood and, frankly, evolving.

Bitcoin and Ethereum are currently viewed as the gold standard for decentralization — meaning they are architected in a way that no single individual or minority group can dictate rules or rewrite transaction history (the power of blockchain!). Since these blockchains are considered decentralized, then by design, the XRP Ledger is also — if not more so — decentralized than both Bitcoin and Ethereum.
To really understand if a network is truly decentralized, it’s important to first understand the underlying design.
Proof-of-work (Bitcoin and Ethereum) and XRP Ledger Consensus
Bitcoin and Ethereum use proof-of-work algorithms. This system rewards individuals, known as “miners,” for validating transactions by paying a fee for their work. This was a great starting point for a decentralized system that incentivizes complete strangers to contribute to the greater good of a network and make forward progress. But as time has gone on, clear limitations have manifested. Blockchains that use proof-of-work can be subject to centralized control, where a few miners have significant control over the system.

The XRP Ledger uses a consensus protocol that relies on a majority of validators to record and verify transactions without incentivizing any one party (this is one of the main reasons why I began working on XRP Ledger more than six years ago). Validators are different from miners because they aren’t paid when they order and validate transactions. Today, these validators operate at locations across the globe and are run by a broad range of individuals, institutions, asset exchanges and more.
Put simply, the XRP Ledger is based on an inherently decentralized, democratic, consensus mechanism — which no one party can control.
Let’s go deeper and unpack the downstream effects the underlying protocols have on decentralization and the usefulness of the digital assets.
Transaction Costs
Inherently, miners for Bitcoin and Ethereum want the cost of transactions on the ledger to be high to increase the reward they receive. This behavior drives up the cost of each transaction, rendering the digital asset less attractive for real-world use cases like payments.

This was not so apparent in the early days of Bitcoin because transaction fees were dwarfed by the block reward. However, as the block reward drops, the interests of miners and other users will likely continue to diverge. Users cannot ignore the desires of miners because a blockchain based on proof-of-work that cannot incentivize enough mining cannot remain secure.
The XRP Ledger encourages the opposite behavior. Those using XRP and the XRP Ledger are able to make progress without mining, saving significant compute power and time. Also, a built-in system, called fee escalation, is part of its consensus protocol and helps to regulate fees overall. This means lower costs and faster transaction times for XRP compared to other digital assets — the attributes that make it the most useful asset for settlement.
Concentration of Control
With Bitcoin and Ethereum, a surprisingly small number of miners could collude to disrupt the system.

As of today, four mining groups currently control 58 percent of the Bitcoin network and three miners account for 57 percent of Ethereum’s daily capacity. Further, 80 percent of the mining on the Bitcoin blockchain is centralized in China, despite the country’s ban on digital assets. This puts it at greater risk of being manipulated by a single, sovereign government.
Some experts even suggest that in a worst case scenario, miners of Bitcoin and Ethereum blockchains could use this to their advantage — conspiring to rewrite history on the blockchain through a 51 percent attack that results in verified transactions being unvalidated and allows for fraud to occur.

[Image: Decentralization-Comparison-20180821%402x.png][img=0x0][/img]

In contrast, the XRP Ledger requires 80 percent of validators on the entire network, over a two-week period, to continuously support a change before it is applied. Of the approximately 150 validators today, Ripple runs only 10. Unlike Bitcoin and Ethereum — where one miner could have 51 percent of the hashing power — each Ripple validator only has one vote in support of an exchange or ordering a transaction.
Additionally, this two-week waiting period gives time for those that support a proposed change to update their software in accommodation of it. If 80 percent of users, the exchanges and other participants do not adopt a change that is proposed by their validators, the change does not go into effect.
While Bitcoin and Ethereum are becoming more centralized over time, the XRP Ledger is getting more decentralized.

[Image: Control-Over-Time-20180821%402x.png]
Decentralized in Nature
Users on the XRP Ledger select a Unique Node List (UNL), a list of validators trusted by that user to order transactions. Users can select the specific validators for their own UNL or they can rely on recommended UNLs that have been compiled by other parties. The network has a number of recommended UNLs, including one list Ripple recommends, and users can choose whichever one they prefer or create their own.

The XRP Ledger is and always has been inherently decentralized because the users always retain the freedom to change their UNLs and the corresponding validators that they trust. For example, if a party controlling a large number of validators abused that power to propose changes that served only its own interests, users operating nodes could simply remove the party’s validators from their UNLs and rely on other validators that more closely represented their interests.
Every user is the ultimate authority of the code his or her server runs, and therefore, the rules under which it operates. If a server’s code does not support a particular set of rules, then that server can never operate under those rules. This means validators cannot conspire to enable a network rule change that does not have broad user support.
Nevertheless, to increase the resiliency and diversity of the network, more than half of the validators on Ripple’s recommended UNL are operated by people or groups external to the company, and Ripple continues to add even more independent validators to the list. This further demonstrates that Ripple’s validators do not wield meaningful power over the XRP Ledger.
In conclusion, the XRP Ledger is in many ways a more transactional, functional and decentralized ledger than either Bitcoin or Ethereum, which will only increase over time.
What is this thing that builds our dreams, yet slips away from us?

No doubt that David Schwartz is a brilliant man, but very arrogant when giving speeches. At least from what I have seen. Still a very smart person and one of the major personalities in crypto.
Cardano is the most promising 3 gen. crypto right now.

(2018-08-28, 06:57 PM)Carsten Wrote: No doubt that David Schwartz is a brilliant man, but very arrogant when giving speeches. At least from what I have seen. Still a very smart person and one of the major personalities in crypto.

Yes he is brilliant.
Yes he is arrogant, but I have seen a video where he was in discussion with some big crypto investor. At the end he appologised for drawing conclusion about this person. So he can be polite too.
What is this thing that builds our dreams, yet slips away from us?

It's good with people like him. I bet you Einstein was wird too and so for many genius in the past and present. People like him is challenging what we know, so I forgive him being arrogant. Nice to know that he apologised in the end, so he is still a human deep inside. Big Grin
Cardano is the most promising 3 gen. crypto right now.

RippleNet Offers SMEs a Competitive Advantage in Global Payments

While global business may move at the speed of the web, international payments instead seem to move like smoke signals. This is because the world’s payments infrastructure hasn’t changed since the heady days of disco, nearly four decades ago. Especially for teams at small and medium enterprises (SMEs), this disconnect between the hustle of business today and inertia old infrastructure creates unnecessary hurdles and impediments to smooth business operations.
Today’s system of moving money around the world forces banks and payment providers to plan for days of delay, produce their own liquidity by funding accounts in local currencies on each side of a transaction, and pass along exorbitant costs to their customers. For SMEs, this translates into a cumbersome payments experience with high fees, limited visibility into transaction details or status, and a settlement time that can stretch from days into weeks.
In contrast, RippleNet delivers a new global payments standard that speeds up transactions, introduces certainty, and lowers fees to transform the cross-border payments experience. Using RippleNet, banks and payment providers can reimagine a payment from invoice to confirmed settlement for their clients. Just one small change, like the ability to drag-and-drop invoices as part of a RippleNet powered transaction, can have many benefits: it saves time with pre-populated fields, automatically confirms recipients for accuracy, and obtains real-time quotes.
The end result is a vastly improved user experience for a transaction delivered in seconds and with confidence, at a fraction of the usual price.
Emerging Markets Close the Gap with Ripple. This sea change in international payments is even more important when you consider the World Bank forecasts global remittance payments to grow by 3.4 percent or roughly $466 billion in 2018. Much of this will happen in emerging markets, which are home to 85 percent of the global population and account for almost 60 percent of global GDP, with India and China having the highest incoming flows in 2017.
Designed to solve the modern challenge of international or cross-border transactions, RippleNet is already having an impact in these emerging markets. With a growing global need not just for access, but also a more efficient, transparent and cost-effective payments into and out of emerging markets, new financial institutions in India, Brazil and China have joined RippleNet to power instant remittance payments into their countries.
SMEs also play a critical economic role in these emerging markets. RippleNet delivers efficiencies and advantages that can help them be more competitive in an interconnected world. Rather than be limited by borders and currencies, Ripple connects all parties in a global transaction through a single seamless, frictionless experience.
Built for the Internet age, Ripple delivers access, speed, certainty and savings. And by leveraging the most advanced blockchain technology possible, it is scalable, secure and interoperable.
Rather than be limited by borders and currencies, Ripple connects all parties in a global transaction through a single seamless, frictionless experience.

What is this thing that builds our dreams, yet slips away from us?

Searching and reading about Ripple and xrp on Bitcointalk and other places show two groups. Those who are believing in Ripple and xrp and those who are against since it's not a decentralized crypto.

Most cryptos are not really decentralized since a team is controlling the coin.
Cardano is the most promising 3 gen. crypto right now.

Japan’s Strategic Business Investor group, SBI Holdings, has recently announced that its cumulative remittance handling overseas has just passed the 500 billion Yen mark, as reported by AMBCrypto.
What is this thing that builds our dreams, yet slips away from us?


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