xrpmommy Posted June 4, 2019 Share Posted June 4, 2019 Results of experiments Several patterns of synchronised settlement have been tested with successful results, including settlement between DLT ledgers, between centralised ledgers and between a DLT ledger and a centralised ledger using ILP, a specification of the transfer protocol introduced in the Interledger whitepaper. Synchronised settlement without using ILP on DLT ledgers is also feasible, and therefore using ILP is not a necessary requirement for synchronised settlement. Nevertheless, ILP could facilitate the abstraction of different types of ledgers, and therefore could bring about the benefit of standardisation. http://www.boj.or.jp/announcements/release_2019/data/rel190604a1.pdf Truckdriver, mistatee2000, curvicurvi and 6 others 7 2 Link to comment Share on other sites More sharing options...
fiik Posted June 4, 2019 Share Posted June 4, 2019 ? Link to comment Share on other sites More sharing options...
tvde Posted June 4, 2019 Share Posted June 4, 2019 RIPPL or XR would have been a better name than STELLA Link to comment Share on other sites More sharing options...
Guest Posted June 4, 2019 Share Posted June 4, 2019 (edited) 2 hours ago, tvde said: RIPPL or XR would have been a better name than STELLA Don't be daft, punk. https://youtu.be/3Qxe-QOp_-s I recommend skipping to 14:50. Edited June 4, 2019 by Guest Link to comment Share on other sites More sharing options...
Julian_Williams Posted July 11, 2019 Share Posted July 11, 2019 (edited) Edited July 11, 2019 by Julian_Williams cryptoxrp, xrpmommy, Benchmark and 1 other 2 2 Link to comment Share on other sites More sharing options...
cryptoxrp Posted July 11, 2019 Share Posted July 11, 2019 (edited) @Julian_Williams Excellent video on the Stella project and the XRP liquidity it will provide for crossborder pay/settle-ments in the Europe - Japan corridor. Tnx for sharing. Edited July 11, 2019 by cryptoxrp Julian_Williams 1 Link to comment Share on other sites More sharing options...
Julian_Williams Posted July 11, 2019 Share Posted July 11, 2019 (edited) and it seems Bank of Japan and the ECB propose Ripplenet as the natural choice (over GPI) for being the efficient cross border asset for banking between Japan and the EU. Huge and we have not been highlighting this development! Edited July 11, 2019 by Julian_Williams cryptoxrp and XRPboi 2 Link to comment Share on other sites More sharing options...
Julian_Williams Posted July 11, 2019 Share Posted July 11, 2019 Quote Bank of England also laid out a potential model for synchronised payment settlement which involves a trusted third party that offers synchronisation services which could be applied to simultaneous settlement across ledgers and currencies.11Bank of Canada and the Monetary Authority of Singapore explored interoperability between two DLT platforms using Hashed Timelock Contracts (HTLC12), which were also studied in the second phase of Project Stella.13 They simulated a cross-border high-value transfer across DLT-based RTGS systems on different platforms. Quote 2.1.2 Ripple has developed xCurrent, which connects financial institutions via a global network of participating entities (RippleNet). xCurrent is built around ILP and enables bidirectional communication between participating entities and coordination of payments across ledgers. Quote I thin this is Ripplenet using XRP :In conclusion, from a technical perspective, the safety of today’s cross-border payments could potentially be improved by using payment methods that synchronise payments and lock funds along the payment chain. It should, however, be noted that further reflections on legal and compliance issues, the maturity of the technology and a cost-benefit analysis would be required before the possible implementation of such new methods could be considered. Crypto Eri really understands this stuff so watching her video is the easiest way to get a feel for how important this development is for XRP cryptoxrp, GrayFox and XRPboi 3 Link to comment Share on other sites More sharing options...
ObeyTheWafflehouse Posted July 11, 2019 Share Posted July 11, 2019 "Participants can assume three roles within the Interledger Protocol: that of a Sender, Receiver, or Connector. Connectors are entities with accounts on two or more ledgers who act as liquidity providers that relay payments across ledgers and play a critical role for the successful execution of cross-ledger payments." "we conducted experiments to examine the feasibility of synchronised settlement across different ledgers using the ideas introduced in the Interledger whitepaper about universal interledger payments." "Five Bells Ledger was adopted as a centralised ledger and ilpplugin-bells was used as a plugin for client applications of participants to connect to Five Bells Ledger." Five Bells Ledger??? According to CNN, Ripple owns the Five Bells ledger. "Ripple’s centralized Five Bells Ledger and a so-called ‘trustline’ were also used in the transaction." This article has nothing to due with the posted article. https://www.coindesk.com/interoperability-boost-ripple-sends-blockchain-transaction-across-7-different-ledgers AND Ripple published code for integration testing purposes (https://www.npmjs.com/~interledger) C'mon man, the only thing this publication didn't mention was that they were working directly with Ripple. Writing is on the walls. On 6/4/2019 at 3:25 AM, xrpmommy said: Several patterns of synchronised settlement have been tested with successful results, including settlement between DLT ledgers, between centralised ledgers and between a DLT ledger and a centralised ledger using ILP Synchronized settlement? Where have I heard that before? GrayFox 1 Link to comment Share on other sites More sharing options...
GrayFox Posted July 12, 2019 Share Posted July 12, 2019 22 hours ago, ObeyTheWafflehouse said: Synchronized settlement? Where have I heard that before? "Synchronisation" will be the buzzword for the next few years. That "even playing field" cannot be achieved if everybody is designing their cars to work on the roads they themselves designed leading to different standards. One single highway to connect them all and let fintechs and banks duke it out in terms of service and price! ObeyTheWafflehouse and Julian_Williams 2 Link to comment Share on other sites More sharing options...
Julian_Williams Posted July 13, 2019 Share Posted July 13, 2019 3 hours ago, GrayFox said: "Synchronisation" will be the buzzword for the next few years. That "even playing field" cannot be achieved if everybody is designing their cars to work on the roads they themselves designed leading to different standards. One single highway to connect them all and let fintechs and banks duke it out in terms of service and price! A global convergence towards a universal protocol (running on Ripple's ILP) GrayFox and ObeyTheWafflehouse 2 Link to comment Share on other sites More sharing options...
fiik Posted July 13, 2019 Share Posted July 13, 2019 what the... Link to comment Share on other sites More sharing options...
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