Ripple_GQ

Recently, I received several private messages from fans who were seeking help because they were scammed while lurking. How could a lurker be scammed? The whole process was very touching. So I had to publish another anti-scam guide to wake everyone up.

Cryptocurrency is very popular now. Bitcoin is about to be halved. ORDI has risen 10,000 times, ETHS has risen 1,000 times, and various SOL tokens have soared to the sky. People are dazzled. I can't understand each project. If I don't study the underlying logic, I think I'm too rational and missed hundreds of millions.

Early Ripple users all know that in 2017, Ripple was at its peak, even vaguely surpassing BTC. But since then, over the past 7 years, ETH has exploded with various powerful ecosystem projects such as DeFi, derived from smart contracts, leaving Ripple far behind.
From the perspective of the practical application of blockchain technology, Ripple is more than a match for BTC and ETH. Even traditional financial industry banking institutions, enterprise blockchain SaaS systems, and government service alliance chain systems all have traces of Ripple.

Moreover, the Ripple wallet may be one of the few public chains I have experienced that operates exceptionally smoothly in terms of blockchain technology projects. Low transaction fees, extremely fast transaction speeds, and the built-in gateway transaction order system on the chain, which is equivalent to a natural DEX decentralized exchange.
So why has Ripple always been lukewarm? Instead, it has been firmly suppressed by Ethereum developed by Vitalik Buterin, who once sought employment at Ripple Labs. Even the Tron ecosystem, which is rumored to have plagiarized Ripple's code, is thriving, while the Ripple ecosystem has always been sluggish, with even Ripple Labs' core business of international payments and remittances shrinking.

Furthermore, there were many early enthusiasts in the Ripple community, including technical developers, so why has the Ripple ecosystem been slow to prosper? One significant reason, in my opinion, is that the barrier to entry for Ripple users is too high.
For example, for new users to join the Ripple DeFi ecosystem XRPS, they first need to activate a Ripple wallet, which requires freezing 10 XRP. To add credit XRPS on the Ripple chain, another 2 XRP needs to be frozen. If you want to use the on-chain trading system, you need to freeze 2 XRP for each trading order.

In other words, for users to use Ripple chain normally, they need to keep at least 20 XRP in their wallet for on-chain operations, although the frozen XRP remains in the user's wallet and can be unfrozen at any time. However, according to the cost of XRP since 2017, this undoubtedly raises the threshold for new user access and increases the difficulty of promoting the development of on-chain ecology.
With no new users entering, the ecosystem gradually withers, leaving behind only some old users who are at a loss. Perhaps the rise of XRPS can reverse the decline of Ripple chain, but the issue of the cost of using the Ripple chain wallet remains a hurdle.

Although this problem is very easy to solve, with a community node voting approval rate of over 80%, the frozen parameters can be adjusted to lower the number of XRP frozen in the wallet. However, the entire Ripple community is divided into two factions when faced with this problem.
One side is the conservative faction that adheres to XRP as the core, and the other side is the radical faction led by Japan, which insists on developing the ecosystem as the top priority with XRPS. Community nodes of the conservative faction believe that locking more XRP can reduce the circulation of XRP and increase the value of Ripple chain.

Community nodes of the radical faction believe that reducing barriers and enriching the ecosystem can attract more Ripple chain users and developers, enabling the Ripple chain to thrive again. The divergence between the two factions has never reached a consensus, and several node votes have ended in failure. Perhaps this is also one of the drawbacks of decentralization after blockchain.
It is worth mentioning that more and more old users of Ripple chain are abandoning XRP and turning to XRPS camp, a market-driven choice. As time progresses, blockchain technology also needs continuous innovation, and public chains need more ecosystems to fill in. The performance of XRP's sluggishness has ultimately awakened some people. In the end, whether Ripple chain can usher in a turning point and move towards a new life, let's wait and see. The author specializes in the study of Ripple chain. If you are interested, please follow.

Early Ripple users all know that in 2017, the Ripple chain was at its peak, and even had the potential to surpass BTC. However, in the seven years since then, ETH has experienced explosive growth with various powerful ecological projects such as DeFi derived from smart contracts, leaving Ripple far behind.

From the perspective of the practical application of blockchain technology, it is much stronger than BTC and ETH. Even traditional financial industry banking institutions, enterprise blockchain SaaS systems, and alliance chain systems for government services have the shadow of Ripple Chain.

And the Ripple wallet may be one of the few public chains that is particularly smooth to operate among the blockchain technology projects I have experienced. The handling fee is low, the transaction speed is very fast, and the gateway transaction order system built into the chain is equivalent to a natural DEX decentralized exchange.

On March 22, the Ripple main chain was revised to add the AMM automatic market maker, and the community nodes voted to approve it. and successfully launched online. Ripple Labs will release the latest version of the wallet on the 23rd. It is expected that all Ripple users will be able to use the new version of the AMM automatic market maker function before the 30th.

Immediately afterwards, XRP on the market rose for a short period of time in response to this news. Old Ripple users who are familiar with AMM automated market makers quickly understood the significance of the addition of AMM to the Ripple chain revision. We are even more looking forward to the future development of Ripple Chain. Many new users don’t know what AMM is and what changes it will bring to the Ripple chain. Therefore, the blogger specially wrote this article to explain the confusion in an easy-to-understand manner to introduce to you what an AMM automatic market maker is and how it fits with the current Ripple chain applications.

Securities and Exchange Commission is the United States Securities and Exchange Commission, referred to as SEC. Their main function is to formulate and maintain securities laws and rules to prevent market manipulation. Similar to our Securities Regulatory Commission.

However, as a blockchain giant, Ripple, XRP is a cryptocurrency, and there are so many cryptocurrencies on the market. Why does the US SEC always keep an eye on it, causing Ripple's XRP to languish?
This starts with the 1946 U.S. Supreme Court decision defining investment contracts: “If an investor purchases virtual currency to fund a company or project and intends to profit from these efforts, the virtual currency may fall within the purview of the SEC. scope."

Tracing the development history of Ripple, the initial version of Ripple actually preceded the birth of the Bitcoin mainnet. Its purpose was to solve the low-cost and rapid transfer of currencies across sovereign currencies around the world through a decentralized system.
During the 2017 bull market cycle, Ripple XRP once surpassed Ethereum and became the world's second largest cryptocurrency. However, in the subsequent market adjustment, Ripple was sued by the SEC for illegal securities issuance by selling cryptocurrency #XRP .

The long legal disputes have plunged Ripple into a quagmire and missed the big bull market in 20-21 years. Until now, $BTC has once again ushered in a halving surge, and $ETH has also followed the rise. $XRP Still struggling around 0.6. The ranking of the entire network also dropped from second to sixth.