Jump to content

King34Maine

Bronze Member
  • Content Count

    770
  • Joined

  • Last visited

5 Followers

About King34Maine

Recent Profile Visitors

The recent visitors block is disabled and is not being shown to other users.

  1. Well, I'm thinking that information was most likely something that Ripple wanted to keep under wraps. It was almost as if Brad became a bit stoic when she said it. If it was mentioned earlier in the day, I would've expected quite a bit of news and/or articles covering it by now.
  2. Here's a replay of the live stream featuring Brad courtesy of Alex Cobb. Not sure how true this is but the second responder congratulates Brad on reaching 400 customers or 400 new customers!!!
  3. I agree. I also expect to see many new xRapid/ODL corridors to light-up particularly in ASEAN, North East Asia, Europe, South America, Mexico, and Canada.
  4. I'm wondering if it's a similar construct to the "Ripple Connect" cloud platform that the SBI-Ripple Consortium of Japanese banks are using to upgrade their entire domestic/international banking infrastructure?
  5. Absolutely!!! Ripple is making major moves to see their IoV vision come to fruition. We've had so much information to take in over the past couple of weeks from Ripple/Ripple affiliates. Everything from acquisitions, xPring initiatives and growing prowess as a developer platform, potential XRPL updates/upgrades, Coil investment, Coil partnerships (Mozilla & CC + Gatehub), etc it's been hard to truly put everything into perspective. All I can say is that it's going to be a very interesting rollercoaster ride to see how all of these initiatives turn out over the next 2-5 years.
  6. Hey @JoelKatz it would probably be best if you created a Club with these various topics listed in a single location. Maybe one of the moderators @Pablo, @Mercury, @Global, @Morty, @xrphilosophy, could help you get that set-up. It would probably be a good thing if they could also pin it to the "Active Topics" list so that everyone can see it regardless of what topic heading they under.
  7. Np. It's like the more I dig and research about Logos the more interested I become. I stumble across a blockchain platform called UMA (Universal Market Access) and they are building their synthetic-based derivatives, tokens, options, and futures via Ethereum. I'm assuming that UMA is likely similar to what the Logos team had been working on over the past two years. I found this YouTube video and Spotify interview of Michael Zochowski, Logos founder, where he gives an overview of his background and motivations for starting the Logos platform. It would be interesting to know what DeFi products/instruments the Logos team had been working on prior to the acquisition as well as at what stage, in the development pipeline, where these various products at. On a side note, I was just thinking with the creation of these various synthetic token representation of derivatives, options, futures, etc. you would need to have an extremely robust custody solution to securely manage these instruments. Can we assume Polysign's involvement??
  8. Having read through some info it appears to be multi-tiered platform that utilizes a hybrid DAG (directed acyclic graph) foundation/ledger called Chainmesh similar to IOTA's Tangle rather than a traditional blockchain platform (i.e. XRPL): "Blockchain (the data structure) is inherently serial — — each block follows the next. As a result, blockchain networks are limited by their data structure. Logos instead introduces the chain mesh, a hybrid DAG (directed acyclic graph) / blockchain structure that allows independent transactions to be processed in parallel. At the same time, Logos overcomes the security challenges faced by other DAG networks using highly structured rules that mathematically guarantee safety." It also uses dPoS (delegated Proof-of-Stake) consensus mechanism, called Axios. This is similar to what Ethereum is transitioning to: "Logos moves beyond inefficient and expensive proof-of-work mining to instead use a proof-of-stake consensus system with multiple layers of delegation. The different layers of the validation ensure that the most expensive parts of consensus are run efficiently while ensuring that every participant is held strictly accountable to the rest of the network. Logos heavily leverages not only distributed algorithms but also game theory to produce a highly aligned economic incentive system. The combination ensures that the network is robust to malicious actors and that no rational actor will behave maliciously. As a result, Logos has stronger security than other networks for a given network value." The platform then incorporates a sharding solution, called Polis to maximize performance (i.e. tps): "Ultimately, there are fundamental hardware limits on the number of transactions per second that any node can process. Sharding allows the network to surpass those hardware limits by requiring only a subset of validators to approve a particular transaction, thus adding a second dimension of parallelism. Logos is able to more easily and efficiently achieve sharding than other networks due to a number of simplifications that are possible due to its payment specialization. Sharding is how Logos jumps from tens of thousands of TPS to hundreds of thousands of TPS." Here's a tweet from David Schwartz from 2017 where he stated that he owns some IOTA and sees promise in its DAG tech, but at the time, didn't see its usefulness. Maybe things could've change and the Logos team's DAG implementation addressed the concerns that David had with respects to the technology. It's no secret that the potential scalability of DAGs far out paces that of blockchain derived platforms. However, take this with a grain of salt, I'm just giving my personal opinion(s) here.
  9. Don't have the slightest clue. It could be something as simple as the xPring team fooling around with the platform a bit. I quoted the founder of Logos (Michael Zochowski) earlier where he stated, "We have not yet finalized the plans for the Logos core technology, which has continued to set the bar for blockchain performance, but we hope to have exciting news to share in the near future." One can assume that there may be some aspects of the Logos Core Tech stack/Code that could be used to enhance ILP, Codius, XRPL, etc. in some fashion besides the engineers Ripple obtained via the buy-out. However, there are still a lot of unknowns regarding the details of the acquisition, the DeFi-based initiatives the Legos team had been building for the past two years, and how that may/will translate into Ripple IoV strategy. I've been reading over some of the blogs by the Legos team on Medium and will try to read through the Legos Whitepaper. I'm kinda hoping the Legos team will get some face time at SWELL or maybe Michael could do a AMA to discuss his vision for xPring in his new role as the Head of DeFi Products.
  10. I have to offer you a heart felt apology!!! I completely misinterpreted your post. Looks like I need to take a dose of my own prescription!!! My bad @GoldenGoose....
  11. It looks to be just random tokens created on the Logos Blockchain. They all seem to have been created today.....
  12. I couldn't find "XRPT" when I did a search of the PDF. What page was it on?
  13. Why would a simple acquisition move the price of XRP upward? The sole purpose of the acquisition was most likely to obtain the additional engineering resources, with a niche in developing DeFi services, to then build those services on top of XRPL/XRP.
  14. I don't think that it has anything to do with the Logos blockchain tech. In my honest opinnion, It's more to do with the engineering staff. Reading the blog by the founder of Logos they are being assimilated into xPring. They will no longer be working/developing the Logos platform: "While this chapter of Logos is closing, the ideas and spirit behind Logos will continue in our work at Xpring. We have not yet finalized the plans for the Logos core technology, which has continued to set the bar for blockchain performance, but we hope to have exciting news to share in the near future." "As we look ahead to our next chapter at Ripple, we expect that our team will work on a variety of projects at all levels of the Xpring platform, with a particular focus on enabling a wide range of DeFi applications. We continue to strongly believe that the future of payments and finance lies in blockchain and decentralization, and Ripple is the perfect place for us to help build that future." Essentially, the DeFi services they had intended to build on-top of Logos they will now build on top of XRP and the XRPL. Similar to what Stellar did when they bought-out Chain. It wasn't for the Chain-based tech, but the engineering resources. If you aren't aware blockchain/crypto engineers are hard to come by these days. Just take look at Ripple's career page. We are gearing up for what I'm calling the "consolidation phase" of this crypto revolution where we will see a surge in M/A of smaller entities by larger tech and fintech firms. At the end of the day, common sense typically rules. Not every blockchain platform is going to have the escape velocity and partnerships to make it to the finish line no matter how advanced and novel their blockchain tech stack is. To be honest, I fully expect Ripple to continue making these small acquisitions in the short and long-term. After all, Brad G. did revealed that Ripple was "in a very strong position, our business is growing strongly, we have a strong balance sheet, and I intend to press our advantage.” He also emphasized that Ripple would continue to make substantial investments and even "out-right acquisitions" within the blockchain space in the future "to accelerate our growth and give us more capabilities that serve customer needs."
×
×
  • Create New...