Ripple Inscription XRPS is a shining new star in the Ripple ecosystem. It will bring a new wave of hot spots to Ripple and lead Ripple to greatness again.
Ripple started trading in 2014, which is 10 years ago. It was born earlier than Ethereum, but its market value is now surpassed by Ethereum. Why is it no longer as glorious as it once was? With this question, let's take a look at the future ecology and mission of XRPS.
First, XRPS is the leader of Ripple inscriptions. It is not only the first inscription project on Ripple, but also the first ecological project with tens of millions of inscriptions on the chain among all blockchain inscriptions. Although there are many Bitcoin inscriptions that everyone knows, they are all written on the chain with the same few letters. XRPS allows users to customize content. Before XRPS, there was no inscription or currency on the blockchain that could put the content of human real life on the chain on a large scale. There were only some sporadic attempts on other chains, such as traces of confessions. XRPS is a systematic and large-scale chain-up behavior. Thousands of people have written human civilization into digital civilization. There are not only confessions, but also famous mountains and rivers, and books. This behavior itself is an innovation in the inscription ecology and an innovation in the blockchain. In the future, XRPS will continue to create a new ecology for Ripple inscriptions. Introduce a variety of NFTs and artists, introduce various creative ideas and creations in the community, and play a leading role.
Second, XRPS is not only an inscription, but also a bridge between the real world and the digital world. The Xrc-20 protocol proposed by XRPS is a flexible and extensible protocol, and the inscription protocol is only a part of it. Old Ripple fans know that Ripple has a slogan "Make value sending as easy as sending an email". Now XRPS is not only about making value sending easy. By redefining the interaction process and setting the standard for the gateway, every ordinary person can have a Ripple wallet and operate the blockchain like operating an email. In the future, in the Ripple ecosystem, XRPS will be the proposer and setter of standards. It will naturally lead to the re-prosperity of the Ripple gateway. XRPS will also become one of the most important assets on Ripple. Let others know that in addition to XRP, the first one on Ripple is XRPS.
Third, XRPS will become the representative of decentralized exchanges, or DEXs, just like Uni in the Ethereum ecosystem Uniswap. UNI's market value is $7.5 billion, and how much is XRPS? Less than one percent. Ripple's DEX is not only powerful, but also has very low gas fees, and any assets can be exchanged two by two. This technology is far ahead. On other chains, you may buy a coin worth $10, but it costs $30 in gas fees. This kind of transaction cost cannot become an exchange for ordinary people, but can only become a niche paradise for geeks and cryptocurrency scientists. XRPS can fill the gap in this concept on Ripple, build this ecosystem together, and become a token that matches the concept and market value of UNI.
Fourth, XRPS will become the representative of smart contracts, equivalent to Ethereum in Ripple. The script that can be written in Ripple's transactions is as long as 1k, which is far beyond the capacity of BitInscription and is enough to meet 99% of contract scripts. Ripple will also support automatic market making AMM, which will be a quantitative trading system for ordinary people. This will usher in the Defi era on Ripple. Imagine using exciting products such as uniswap, opensea, dydx, curve, etc. on the XRP chain, which will build a spectacular financial ecosystem. XRPS = Ripple + Ethereum, this concept is too spectacular, a collection of the two major public chain ecosystems. If it is realized, what heights will XRPS reach? It will definitely be a surprising moment, just like when XRP broke through the peak.
XRPS is fair and fully circulated. Although it originated from the Japanese community that has the deepest faith in Ripple, from the moment it was fully circulated, it became a pure DAO, an organization governed by the community. Each of us can improve it, make XRPS stronger, and make Ripple great again. This is the road to Ripple's revival and the road to ecological establishment. We have to build on this road as we go, and in the end, we will definitely be great together.
Note: This article is reprinted from Toutiao Blockchain Webmaster!