Lachlan @lachlanalextodd Twitter profile

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Lachlan

11 months

The #XRPL EVM Sidechain is nearly here! My latest report covers: 1) The XRPL’s new bridge specification 2) The EVM Sidechain: All you need to know, and why it matters 3) Its strengths & limitations This is a must-read for anyone curious about the XRPL ecosystem.

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Lachlan

@lachlanalextodd

1 year

My latest piece covers the new #XRPL AMM network that's now live on DevNet. Key features include: 1. No MEV or front-running 2. Protocol-native AMM 3. Single-sided liquidity provision 4. Continuous auctions 5. CLOB functionality I'll summarize below 👇

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Lachlan

@lachlanalextodd

9 months

The XRPL is home to the first ever DEX, dating all the way back to 2012 when DeFi was nonexistent On the backend, it’s powered by a collection of rippled functions (rippled = XRPL software) that form the Payments Engine This thread covers: a) What is a CLOB DEX? b) The XRPL DEX

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Lachlan

@lachlanalextodd

9 months

Asking @JoelKatz what separates the XRPL from the 200+ L1s in existence Answer: payments (Full interview in description)

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Lachlan

@lachlanalextodd

1 year

The full article provides in-depth detail on each innovation and is recommended for any developers looking to build on the network. Check it out below!

XRPL’s New AMM

An in-depth analysis of XRPL's new AMM (automated market maker) is here. To learn more, click the link above.

blog.multichainmedia.xyz

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Lachlan

@lachlanalextodd

1 year

2) Protocol-native AMM AMMs are at the blockchain level, with liquidity shared across the chain. Anyone may create a new XRPL liquidity pool that the whole ecosystem may use, and those building on XRPL can then integrate DEX interfaces without bootstrapping liquidity.

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Lachlan

@lachlanalextodd

1 year

3) Single-sided Liquidity Provision LPs may deposit a single asset into a pool, with half of its value automatically converted into the paired asset. Ex: deposit $100 of XRP into a USDC/XRP pool, with 50% of the XRP being automatically converted to USDC to maintain 50/50 split

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Lachlan

@lachlanalextodd

1 year

1) No MEV or Front-running through two features: a) Federated consensus: subsets of nodes ("UNLs") agree on TXs rather than a single validator prioritizing based on gas fees. b) Canonical transaction ordering: TXs are ordered in a deterministic, hard-to-predict manner.

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Lachlan

@lachlanalextodd

1 year

Spending the morning at #XRPL Zone to learn more about the ecosystem and how it compares to others like Ethereum. First up, learning about industry trends from @JoelKatz himself!

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Lachlan

@lachlanalextodd

1 year

5) CLOB Functionality XRPL's new AMM now incorporates both central limit order book (CLOB) functionality as well as AMM pricing, with the best available price being executed for any given transaction. Both designs come with tradeoffs, but the new AMM has the best of both.

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Lachlan

@lachlanalextodd

1 year

4) Continuous Auctions: Arbitrageurs may bid for 24-hour window slots with near-zero trading fees. Bids are partially distributed amongst each AMM pool, compensating LPs and reducing impermanent loss.

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Lachlan

@lachlanalextodd

1 year

Summary of #XRPL Spaces today a) 10:05 - Background on the AMM b) 17:18 - Protocol Wide Liquidity c) 22:48 - Singled Sided Liquidity Provision d) 25:35 - No MEV or Front-Running e) 30:10 - CLOB Functionality f) 34:45 - Continuous Auctions g) 41:42 - Why XRPL is worth building

Lachlan

@lachlanalextodd

1 year

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Lachlan

@lachlanalextodd

8 months

This thread will examine the history of the #XRPL It dates back to 2011 when 3 engineers wanted to create a blockchain more energy-sustainable than Bitcoin a) @JoelKatz b) @ahbritto c) Jed McCaleb By June 2012 it was live Let’s look at what’s happened since!

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Lachlan

@lachlanalextodd

8 months

The “rippled” software powers the #XRPL and requires C++ knowledge. The proposed Plugin API allows more Devs to work on the rippled software even without C++ experience This makes it easier to write new features, benefitting: a) New sidechain development b) Proof-of-Concept

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Lachlan

@lachlanalextodd

10 months

The proposed Clawback feature is now open for voting by the #XRPL community! There’s been confusion and concern over its implications - is it good or bad? This thread (+ full article link at bottom) will explain everything one should know

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Lachlan

@lachlanalextodd

9 months

NFTs on the XRPL are a growing space and differ from other networks in key ways, such as being protocol-native and enforcing royalties. This thread (+ article) will cover: a) The XRPL's XLS-20 NFT standard, b) Existing marketplaces, and c) All else you need to know about the

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Lachlan

@lachlanalextodd

10 months

With early sights of the market turning around, XRPL activity could likely pick up in 2024. Everyone should know about available wallets, and thread (+ article) will cover 3 XRPL-native wallets: 1. @XummWallet 2. @crossmarkio 3. @gemwallet_app Below I’ll cover how they

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Lachlan

@lachlanalextodd

9 months

Blockchain builders need to focus on actual problems - like the tokenization of securities or providing everyone with access to financial services - @JoelKatz

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Lachlan

@lachlanalextodd

2 years

Check out my latest post describing how @reserveprotocol enables tokenized assets to be used as collateral in the new formation of inflation-resistant currencies. Super interesting stuff!

Sign Up | LinkedIn

500 million+ members | Manage your professional identity. Build and engage with your professional network. Access knowledge, insights and opportunities.

www.linkedin.com

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Lachlan

@lachlanalextodd

9 months

@JoelKatz recently spoke at the annual XRPL Apex Summit, covering key topics such as: a) Payments b) XLS-38d Cross-Chain Bridge c) EVM Sidechain d) XLS-40d: DiD e) XLS-30 AMM ..and more! Below I’ll break down all the key info for those who missed it 👇

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Lachlan

@lachlanalextodd

11 months

XRPL’s been making big moves - in April I covered their proposed AMM. They’ve since seen two other big developments: 1) XLS-38d: a pending decentralized bridging standard that connects the XRPL Mainnet and external network, such as XRPL Sidechains. 2) The EVM Sidechain: a

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Lachlan

@lachlanalextodd

11 months

@bishopfox The first reason is XRP, which will be the gas token of the EVM sidechain. XRP has HUGE trading volume of >$1B per day, and this will only grow: a) 5 countries are building CBDCs on XRPL b) Banks/institutions drive volume on Ripple’s on-demand liquidity c) Blockchain as a whole

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Lachlan

@lachlanalextodd

11 months

@bishopfox Second of all is DeFi. More dApps are integrating XRP, including @PancakeSwap and @VenusProtocol PancakeSwap alone has over $2.&M in TVL in an XRP/WBNB pool. Yet, this XRP is on the BSC network, so hopefully, the EVM sidechain will attract external XRP back towards the XRPL

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Lachlan

@lachlanalextodd

11 months

The @Peersyst team and myself will be chatting all about the #XRPL EVM Sidechain this Thursday! We’ll cover: 💡What it is and what means for the XRPL ecosystem 🛠️The development process ⌛️Exciting upcoming milestones Make sure to set a reminder!

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Lachlan

@lachlanalextodd

10 months

@Peersyst is a key player in the #XRPL ecosystem and shapings its future. They’ve a) Built the new EVM sidechain & sidechain bridge b) Launched a Colombian Land Registry on the XRPL c) Recently began piloting payments for Colombia’s @BancoRepublica d) Have @XRPStudio coming

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Lachlan

@lachlanalextodd

11 months

First let’s understand the XLS-38d bridge specification, as it makes the EVM sidechain possible. It’s a bridging standard that’s pending community voting. If approved, it would allow assets to be transferred between the XRPL and its sidechains. For example: -> XRP locked on

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Lachlan

@lachlanalextodd

2 years

Day 1 in Bogota for #DevCon and #DeFiBogota , attending the launch of the Leading Privacy Alliance founded by @hoprnet @DuskFoundation and @GetBlockWallet . All about the need for privacy, regulations, awareness, and ZK technology implementation.

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Lachlan

@lachlanalextodd

7 months

Decentralized identity (DiD) is a MAJOR crypto use-case that’s barely understood. Tomorrow at 10am EST I’ll be joined by ⁦ @Fractal_ID ⁩ to discuss: - DiD & its potential - How #XRPL devs and others can begin using DiD - Challenges & limitations

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Lachlan

@lachlanalextodd

11 months

@bishopfox @PancakeSwap @VenusProtocol Thanks for reading! The full article can be read here: And if you’re considering developing on the XRPL, let's chat:

Call with Lachlan - Lachlan Todd

calendly.com

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Lachlan

@lachlanalextodd

11 months

@bishopfox @PancakeSwap @VenusProtocol So…is this a good ecosystem for developers to build? First, why I think yes: 1) The XRPL: first-mover advantage in a non-saturated ecosystem where a good idea could go a long way. 2) Network Effects: XRP is huge while XRPL is nascent. It may be easier to amass a following

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Lachlan

@lachlanalextodd

1 year

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Lachlan

@lachlanalextodd

11 months

@bishopfox The EVM sidechain is a sidechain that runs the Ethereum Virtual Machine: basically, Ethereum’s global computer that stores a state. This state is a snapshot of all accounts & contracts at any given moment in time. Other networks like Avalanche or BSC can also run the EVM,

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Lachlan

@lachlanalextodd

11 months

@bishopfox What’s a sidechain? It’s an independent ledger with its own features, such as its own consensus design, TX types, network rules, etc. Despite the XRPL’s strengths, developers can pursue a much greater variety of use cases by deploying custom-purpose sidechains. For example,

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Lachlan

@lachlanalextodd

11 months

It’s considered secure, with auditing done by @bishopfox and all findings already being addressed. Security is paramount as the XLS-38d is key to bridging liquidity between the XRPL Mainnet and the EVM sidechain. Now that that’s covered, let’s look over the EVM sidechain,

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Lachlan

@lachlanalextodd

2 years

I published a piece today on Optimistic Oracles (OO's) like @UMAprotocol . Price feed oracles (e.g. @chainlink ) are great, but future needs will be much greater than continuously streamed data points. Below I'll give a quick overview of OO's 👇

Optimistic Oracles: A More Robust Oracle Architecture

Blockchain adoption has been increasing at a staggering speed, but information within the blockchain world (known as “on-chain data”) still…

medium.com

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Lachlan

@lachlanalextodd

9 months

Tomorrow ⁦⁦ @crossmarkio ⁩ and I will be chatting about the XRPL, their choice to build there, and key features that distinguish them

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Lachlan

@lachlanalextodd

11 months

@bishopfox @PancakeSwap @VenusProtocol Yet, I also see two potential downsides for developers: 1) Competition: Layer 2s and other chains connected to Ethereum allow developers to tap into the EVM ecosystem’s liquidity, likely growing TVL more quickly. 2) Adoption: XRPL’s on-chain developer activity has lagged behind

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Lachlan

@lachlanalextodd

9 months

What is a DEX? DEXs allow for the non-custodial, on-chain swapping of assets - all via code and no intermediaries. There are 2 types: 1) Central Limit Order Book (CLOBs): similar to stock exchanges, where buy/sell orders are matched. 2) Algorithmic Market Makers (AMMs): token

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Lachlan

@lachlanalextodd

9 months

Let’s consider trading gold for the Japanese Yen Pathfinding could entail converting the gold directly to Yen, using USD / CAD, or countless other assets as intermediary tokens. Autobridging instead uses #XRP as the intermediary currency.

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Lachlan

@lachlanalextodd

11 months

@bishopfox The XRPL EVM taps into the Ethereum community, allowing developers to deploy Solidity-based apps while benefiting from Ethereum’s vast set of resources. This makes the XRPL ecosystem much more accessible to a broader audience of developers. On a technical level, it uses the

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Lachlan

@lachlanalextodd

1 year

Join the @RippleXDev team and myself as we discuss XRPL’s new AMM network! #XRPL #Ripple

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Lachlan

@lachlanalextodd

11 months

@bishopfox @PancakeSwap @VenusProtocol Last of all, this is only the beginning, and many additional projects will arise. This will grow the size of the pie and increase network effects. Developers can take advantage of this expanding ecosystem and build their brand & utility around XRP liquidity, getting as creative

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Lachlan

@lachlanalextodd

8 months

This thread will examine on-chain #XRPL trends based on data from @DappRadar , @xrpscan , and @santimentfeed We’ll look at data such as: 📊 Executed TXs 🆕 New accounts 👨‍💻 Developer activity 🏆 Top dApps Let's see how the network is evolving!

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Lachlan

@lachlanalextodd

1 year

@Range_Protocol is a DeFi asset management platform that connects users with professional fund managers via non-custodial vaults. As DeFi matures, so will the need for systematic strategies. DeFi's AUM remains tiny compared to TradFi's. My new piece provides an overview of

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Lachlan

@lachlanalextodd

8 months

Tomorrow I’ll be discussing the XRPL Plug-Ins API with ⁦ @msvadari ⁩ from ⁦ @RippleXDev ⁩ It’s a must-know for Devs, making it easier to work on new sidechains and proof-of-concept launches All without C++ experience!

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Lachlan

@lachlanalextodd

2 years

@IOHK_Charles I think that collateralizing with real-world assets makes more sense than volatile cryptocurrencies like BTC or ADA. If they're refined in the future and also more stable then sure, but liquidations are a big issues.

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Lachlan

@lachlanalextodd

9 months

Now to the Payments Engine It’s responsible for: 1) Executing payments: transferring value between accounts 2) Offer crossings: matching buy/sell orders on the DEX 3) Cash cheques: similar to paper checks, but on the XRPL Both pathfinding and autobridging are components of the

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Lachlan

@lachlanalextodd

1 year

@WhaleChart $4 ride, $5 ETH gas fee

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Lachlan

@lachlanalextodd

9 months

The XRPL DEX is CLOB-based and built into the network itself - there are no smart contracts on top. As the XRPL supports nearly any type of asset, many will have inadequate liquidity which is where the “matching engine” comes in. The matching engine finds the best payment path

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Lachlan

@lachlanalextodd

10 months

Tomorrow 11am EST I’ll be joined by ⁦ @RoseXrp ⁩ to chat all about #XRPL ! We’ll chat: -What drew us both to the XRPL ecosystem -The EVM Sidechain news & why it matters -Other important XRPL news (Clawback & AMM) Register to not miss it 👇

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Lachlan

@lachlanalextodd

1 year

@WhiteWhaleDefi is very interesting. They're a @cosmos liquidity hub with 4 main benefits with profits going towards $WHALE holders 1) Arbitrage & liquidations: their bots engage in this 2) Liquidity: direct liquidity to chains needing it most, esp. during volatility (1/3)

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Lachlan

@lachlanalextodd

9 months

The PE works in tandem with the DEX, and they’re necessary precursors to having more assets on the XRPL. Check out the full article below:

The XRPL Payments Engine

The XRPL is home to the first decentralized exchange (DEX), which began before the term “DeFi” even existed. It has an orderbook design and allows any type of blockchain-based asset (cryptocurrenci...

blog.multichainmedia.xyz

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Lachlan

@lachlanalextodd

9 months

Chatting XRPL and Crypto with Ripple's CTO David Schwartz

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www.youtube.com

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Lachlan

@lachlanalextodd

1 year

A lot of #DeFi use-cases are nonexistent at the moment. But 3 that excite me and are already here include: 1) Real-world assets (RWAs): tokenizing RWAs comes with benefits such as fractionalization, global liquidity, low fees, and high speed. Ex: anyone can now buy $1 of

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Lachlan

@lachlanalextodd

10 months

Peersyst is based in Barcelona and has been developing top blockchain products since 2016. Most recently, they built the XRPL EVM Sidechain that I covered below. This is big - It allows EVM devs to deploy, tapping into their dev community & deep liquidity.

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Lachlan

@lachlanalextodd

10 months

A lot of other wallets also support the XRPL! Examples include: - @BitfrostWallet : a multichain DeFi wallet. - @Ledger : the prominent hardware wallet. - @GateHub : a token issuer but with a platform for interacting with the XRPL. - @TrustWallet : an established wallet supporting 70+

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Lachlan

@lachlanalextodd

9 months

Tomorrow I’ll be hosting a Twitter Spaces with ⁦ @xrpl_adam ⁩ from ⁦ @xrpcafe ⁩ We’ll be covering XRPL NFTs in anticipation of my next deep dive piece 😎

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Lachlan

@lachlanalextodd

9 months

Last of all - know any talented devs? Let's grow the ecosystem. If anyone is considering building on the XRPL - let’s chat!

Call with Lachlan - Lachlan Todd

calendly.com

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Lachlan

@lachlanalextodd

10 months

Xumm (soon “Xaman”) is the longest-standing XRPL wallet. Key features: a) xApps: for devs & users alike to create new apps together. b) Point-of-Sale: enabling real-world payments. c) Xumm Pro: additional features like fiat on-boarding services. I view their main differentiator

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Lachlan

@lachlanalextodd

10 months

Gem Wallet is also browser-based and focused on: a) Ease-of-Use: a simple UX for users and devs Decentralization: no backend, no database b) Dev Kits: they allow devs from other ecosystems to get started building Their API allows others to connect with the wallet. I view their

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Lachlan

@lachlanalextodd

1 year

For additional information:

XRPL’s New AMM

An in-depth analysis of XRPL's new AMM (automated market maker) is here. To learn more, click the link above.

blog.multichainmedia.xyz

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Lachlan

@lachlanalextodd

8 months

@Ripple @XRPLF @xrpl_commons Nowadays the XRPL is still shipping out new products: 🔄 The proposed AMM 🔗 XLS-38d bridge 🔒Decentralized Identities 🧩 Plug-Ins API 💎 XLS-20 NFT Standard These have all been covered in-depth here:

DeFi Content Marketing Blogs by Multichain Media

blog.multichainmedia.xyz

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Lachlan

@lachlanalextodd

1 year

@BTC_Archive @saylor is gonna run the world in 30 years

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Lachlan

@lachlanalextodd

1 year

A great time attending DeFi presentations hosted @ButtonDeFi . This one discussed growth from the POV of representatives from @chainlink @NimbleNavis and @ShapeShift . All great projects!

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Lachlan

@lachlanalextodd

9 months

1) The XLS-38d Cross-Chain Bridge proposal This will enable interoperability between the mainnet and sidechains This is b/c the XRPL is great for payments, but not for every possible use-case. Sidechains mean that XRP is not limited to the mainnet, and other assets are not

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Lachlan

@lachlanalextodd

1 year

1/ MEV or Front-Running Mitigation on XRPL's New AMM In my recent article on XRPL's New AMM, I discussed an intriguing topic: No MEV or Front-Running. It’s tough yet important that anyone interested in XRPL understand it and I’ll cover it in-depth below.

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Lachlan

@lachlanalextodd

1 year

Hopping on with @WhiteWhaleDefi and @0xSenCom today at 11am EST! White Whale’s all about optimizing liquidity and a project that’s super interesting - we’ll cover how it works and why it’s relevant.

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Lachlan

@lachlanalextodd

9 months

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Lachlan

@lachlanalextodd

10 months

Crossmark is a browser-based wallet with key features that include: a) AMM Integration: they already support the DevNet AMM which is pending Mainnet approval. b) Bulk TX Signing: a single click for multiple TXs, such as minting 100+ NFTs. c) API/SDK: they allow existing apps to

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Lachlan

@lachlanalextodd

8 months

First - why have this? The XRPL mainchain is amazing but not for every possible use case. Sidechains are great for: a) Increasing network throughput b) Customized use cases For example, the EVM sidechain that makes it easy for EVM Devs to deploy

Lachlan

@lachlanalextodd

11 months

The #XRPL EVM Sidechain is nearly here! My latest report covers: 1) The XRPL’s new bridge specification 2) The EVM Sidechain: All you need to know, and why it matters 3) Its strengths & limitations This is a must-read for anyone curious about the XRPL ecosystem.

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Lachlan

@lachlanalextodd

8 months

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Lachlan

@lachlanalextodd

9 months

@Peersyst David also covered XLS-40d: a proposal on Decentralized Identity (DiD) It’s a format for DiD on the XRPL that enables decentralized, portable, self-sovereign identities to be created. Consumers can own and store their data. Businesses can on-board users easily, and avoid

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Lachlan

@lachlanalextodd

8 months

Currently doing my usual crypto stuff while on a boat in the middle of the Atlantic Ocean on the way to 🇧🇷🇧🇷 Best industry to work in

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Lachlan

@lachlanalextodd

1 year

@zackvoell Good buy signal. And in 2025 when your gym receptionist is telling you which crypto yo guy, you know it’ll be time to sell

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Lachlan

@lachlanalextodd

1 year

Clicked a wrong link and lost funds. Does anyone have a solution for wallets like @MetaMask not detecting malicious contracts?

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Lachlan

@lachlanalextodd

9 months

This ties into the EVM sidechain If the XLS-38d is approved, the EVM sidechain by @peersyst can be deployed allowing EVM developers to build on the sidechain I covered this in detail here:

Lachlan

@lachlanalextodd

11 months

The #XRPL EVM Sidechain is nearly here! My latest report covers: 1) The XRPL’s new bridge specification 2) The EVM Sidechain: All you need to know, and why it matters 3) Its strengths & limitations This is a must-read for anyone curious about the XRPL ecosystem.

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Lachlan

@lachlanalextodd

10 months

@Bitfrostwallet @Ledger @GateHub @TrustWallet I hope the above was of help! The full article can be found here: Please note that am not vouching for any given wallet and recommend users test out all 3 to see which suits their preference. And if you’re considering developing on the XRPL, let's chat:

XRPL Wallets

Introduction The XRPL has various institutions, developers, and even countries building on it so it’s important for users to understand the various ways they can actually interact with the network. ...

blog.multichainmedia.xyz

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Lachlan

@lachlanalextodd

2 years

@NEARProtocol @consensus2022 I'll be there!

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Lachlan

@lachlanalextodd

8 months

In summary, Devs can still work with the rippled software even without C++ knowledge The proposed Plug In API would allow familiar languages like Python and Javascript to be used, making sidechains and PoC’s much easier to work with. More info can be found here:

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Lachlan

@lachlanalextodd

1 year

At @buildersinbtc learning about all the exciting projects being built on top of the Bitcoin network. First speech is from @babylon_chain , @trustmachinesco , @LuxorTechTeam , and @Stacks talking about why they chose to build BTC over all other ecosystems! Great conference so far!

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Lachlan

@lachlanalextodd

10 months

The wallets will be covered in no particular order and it’s possible that they perceive themselves differently than I do. The attached image is a high-level overview before I look at each more deeply. It shows factors such as mobile or desktop, EVM and AMM integration,

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Lachlan

@lachlanalextodd

1 year

This Thursday the @SynapseProtocol team will be discussing blockchain interoperability, recent progress, and 2023 next steps. Set a 🔔 below!

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Lachlan

@lachlanalextodd

7 months

Two reasons that Decentralized Identity (DID) projects like @Fractal_ID will see HUGE growth the next 3 years: 1) Identity Verification: DAO voting, airdrops, reputational scoring, and everywhere else that proof of uniqueness is needed. 2) Regulatory Compliance: launchpads,

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Lachlan

@lachlanalextodd

7 months

Different blockchains = different use cases XRPL --> Payments EVM --> DeFi Etc But the 80/20 power laws still apply and most will have minimal usage apart from airdrop speculation

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Lachlan

@lachlanalextodd

10 months

Keep in mind that XRPL is being primarily adopted by institutions. It even has 5 countries now building on it. How can this be done without relevant safety measures? Criticism is welcome, but I view its opposition as being more harmful than beneficial, especially when assets

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Lachlan

@lachlanalextodd

1 year

Saying hi to strangers is an underrated skill that has a huge ROI when it comes to business, dating, and friendships

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Lachlan

@lachlanalextodd

10 months

The Clawback feature “claws” assets back to the token issuer. This is similar to freezing but has stirred up more controversy. My view: -It supports institutional adoption by making legal & regulatory compliance easier. -Assets with this feature enabled can easily be avoided.

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Lachlan

@lachlanalextodd

8 months

Initially, “Ripple” had various meanings: a) The open-source project b) The Ripple Consensus Ledger c) The Ripple TX Protocol d) The Ripple Network e) The “ripples” asset To simplify, the asset was named XRP. 80% of XRP tokens were gifted to a new company - known as NewCoin -

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Lachlan

@lachlanalextodd

9 months

@ducaticorse Now let’s look at two NFT marketplaces - @xrpcafe and @onxrp Both play an important role in the XRPL ecosystem and have projects such as @zerpmonxrp , @UNIXPUNKS and @moonworldnft (Celestia Spirits). The graphic shows the top-3 recently selling collections by marketplace

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Lachlan

@lachlanalextodd

8 months

But many Devs don’t know C++ … so a shared library (“xrpl_plugin”) in C++ can be converted to various languages, beginning with Python, later. The XRPL Plugin essentially XRPL translates languages and will support Javascript/Rust in the future.

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Lachlan

@lachlanalextodd

10 months

Both “Freezing” & the “Clawback” come into play. First - freezing. There are 3 types: 1) Individual 2) Global 3) No Freeze Each varies but restricts one’s ability to transact with a token on-chain. E.g. if an issuer’s secret keys were stolen, they could use a global freeze to

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Lachlan

@lachlanalextodd

9 months

Working remotely in crypto? Can confirm @CryptoNomads_gm will hook you up with conference tickets + other crypto nomads 💪

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Lachlan

@lachlanalextodd

2 years

If you'll be at @consensus2022 come and say hi to our team! We're looking to discuss our fiat-to-crypto on ramp product, as well as our multichain stablecoin bridge. P.S. we're having a party June 10th :) #consensus2022 #crypto #stablecoins

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Lachlan

@lachlanalextodd

8 months

@Ripple 2020-2022 also saw many key developments: -Regulatory challenges: the SEC’s lawsuit - @XRPLF : an independent non-profit aimed to accelerate the development and adoption of the XRPL. - @xrpl_commons : a community initiative based in Paris to help developers build on XRPL, founded

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Lachlan

@lachlanalextodd

8 months

The name quickly changed to OpenCoin, and then Ripple Labs in 2013 The primary use case was for liquidity management in @Ripple cross-border payments While they didn’t own the XRPL, Ripple remained a stakeholder and key contributor to the XRPL community This includes the

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Lachlan

@lachlanalextodd

1 year

My final weekend in 🇨🇴 after 6 months here. Time for Consensus in Austin, BTC Miami, and then back to 🇨🇦

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Lachlan

@lachlanalextodd

8 months

@Ripple Since then, some developments included: xCurrent: in 2015, a payment settlement system known as xCurrent laid the groundwork for future Ripple products. xRapid: in 2018, xRapid, later rebranded as On-Demand Liquidity (ODL), introduced XRP as a bridge currency for cross-border

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Lachlan

@lachlanalextodd

10 months

Now - there are potential XRPL issues: a) Malicious Intent: TX spamming, money laundering, etc. Unlikely due to safeguards, but it is possible. b) Lost Account Access: lost keys, phishing attacks, etc. c) Other Unforeseen Issues Keep in mind that the XRPL is institutionally

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Lachlan

@lachlanalextodd

8 months

Now Devs can use familiar languages to add: -TXs: the only way to modify the XRPL state, and it creates/modifies/deletes ledger objects. -Ledger Objects: how the XRPL stores on-ledger data. RPC requests will be supported later. Another benefit to this is proof-of-concepts:

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