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Showing results for tags 'off ledger'.
How would today have been different, had XRP and the RCL technology been at the center of the SEC news announcement? A ) If all exchanges were gateways and listed off ledger XRP -A- If they were integrated to process a deposit and withdrawal in one ledger close event, the price discovery of all digital assets (including XRP) would have been much more efficient -A- If ledgers started getting full with volume, the transaction fee would spike (less failed transactions because fee logic on RCL is flexible and predictable). -A- Total XRP network volume would be distributed slightly more efficiently, since some volume can offload to the RCL for arbitrage, and such. B ) If all exchanges just listed off ledger XRP -B- If they were integrated to process a deposit and withdrawal in one ledger close event, the price discovery of XRP at each exchange would have been much more efficient. C ) If all exchanges were ILP enabled -C- Price discovery would converge to a lower bound globally, for all assets, including XRP. -C- Depending on local rail speed, transactions could potentially be delivered to users in minutes, or seconds. -C- An ETF wouldn't be needed? D ) If all devices were ILP enabled -D- Anyone connected to the internet could pay anyone else in the world, any amount, during any time of the announcement, in any asset, instantly. -D- The best price would be available for everyone, and all services would be in competition to offer the best rate / fees. -D- An ETF wouldn't be needed? E ) What was the craziest thing you saw today in the BTC exchanges during the announcement? -E- Ripple has the intention to ensure XRP meets compliance standards that would enable it as the world reserve currency. Given that, and their growing relationship with banks, enabling complaint solutions of international foreign exchange, it might have had a better chance passing.