Saturday 12/21/2024 - 13:44
Google News
In a fascinating throwback, Ripple CTO David Schwartz shared a unique use case for the XRP Ledger (XRPL) from 2013, providing a glimpse into its early days.
In response to a tweet by X user Zach Rector, who highlighted the potential of tokenized metals on the XRPL, Schwartz revealed a personal experience from 2013 that demonstrated the versatility of the ledger even in its early years. The XRP Ledger was first launched in June 2012, however, development work began in 2011.
Rector posted an article about tokenized metals on the XRPL that are fully redeemable, and asked if any other blockchains do this yet. This prompted Schwartz to share his story of redeeming physical silver through the XRP Ledger.
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I redeemed silver coins on XRPL in 2013. I keep them close for luck.
Ripple's CTO explained how he redeemed silver coins on the XRPL in 2013, explaining the process in response to another X user: "Someone has a huge collection of silver coins. So you set up a gateway. You send them coins and they give you a balance of DYM in the ledger. I bought DYM for XRP and traded it for a roll of silver coins."
Ripple CTO Reveals the True Potential of XRP Ledger TPS
Wednesday 12/18/2024 - 14:49
This early demonstration of tokenization on the XRPL highlights the platform’s potential to bridge digital and physical assets. While tokenization is now a buzzword in today’s crypto landscape, Schwartz’s account suggests that the concept has been part of XRPL’s DNA since its inception.
After 11 years
Now 11 years later, XRPL continues to evolve with features including automated market makers (AMMs) and enhanced programmability.
Ripple CTO Breaks Silence on Recent XRP Ledger Network Downtime: Details
In June of this year, Ripple and Archax announced an expansion of their existing collaboration, which is expected to bring hundreds of millions of dollars of real-world tokenized assets (RWAs) to the XRP Ledger (XRPL) over the next year, making the XRPL one of the leading RWA tokenized blockchains.
Last month, Ripple announced the launch of the first tokenized cash market fund on the XRP Ledger through a collaboration with Archax, which includes asset manager Abrdn’s $4.77bn (£3.8bn) USD liquidity fund.
Ripple USD (RLUSD) was launched on global exchanges on December 17, 2024, marking a significant milestone for Ripple and the XRP community. The Ripple USD stablecoin was released on the XRP Ledger and Ethereum, heralding a new chapter for the XRP Ledger
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