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How involved is Ripple in Flare?


brianwalden
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I believe I read a while back that Ripple is an investor in the Flare Network. Trustline.co, a project trying to use the XRPL in the peer to peer way that it was originally conceived, intends on using FUSD (which if you read between the lines means FUSD will be ported over to the XRPL). Bitrue, which is an XRP-centric exchange, is going to be an FTSO data provider. Towo labs, which does a lot of Ripple stuff, is working on a Flare wallet. Then there's the FLR distribution based on XRP holdings.

It may simply be that XRP was a big store of value that Flare thought it could suck up. Flare, being a smart network, can represent multiple currencies and and build its own DEX. But the more connections I see, I think Flare and Ripple are trying to be a tag team. Ripple will handle all the "dumb" payments and exchanges so they don't get bogged down, and Flare will handle the smart contracts. Flare solves Ripple's gateway problem and Ripple solves the problem of smart contacts clogging up the network for simple payments.

Maybe I'm dreaming and hoping that XRP and FLR will both moon. But it doesn't seem too crazy.

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Flare is an unrelated blockchain with a founding group that’s a big fan of XRPL. Flare and XRPL feed off each other the most, though this symbiosis would work with other blockchains that Flare integrates with too. 

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1 hour ago, brianwalden said:

I believe I read a while back that Ripple is an investor in the Flare Network. Trustline.co, a project trying to use the XRPL in the peer to peer way that it was originally conceived, intends on using FUSD (which if you read between the lines means FUSD will be ported over to the XRPL). Bitrue, which is an XRP-centric exchange, is going to be an FTSO data provider. Towo labs, which does a lot of Ripple stuff, is working on a Flare wallet. Then there's the FLR distribution based on XRP holdings.

It may simply be that XRP was a big store of value that Flare thought it could suck up. Flare, being a smart network, can represent multiple currencies and and build its own DEX. But the more connections I see, I think Flare and Ripple are trying to be a tag team. Ripple will handle all the "dumb" payments and exchanges so they don't get bogged down, and Flare will handle the smart contracts. Flare solves Ripple's gateway problem and Ripple solves the problem of smart contacts clogging up the network for simple payments.

Maybe I'm dreaming and hoping that XRP and FLR will both moon. But it doesn't seem too crazy.


One thing that I have been wondering about is whether the Flare smart contracts will be able to make use of the XRPL DEX.  
 

It seems to me that if built to transact on the XRPL DEX then a Flare smart contract with XRPL pathfinding capabilities might be the worlds best, cheapest currency swap.

It might be a virtuous circle bringing volume to the Dex making it more desirable and so on.

I think it’s technically achievable but perhaps I’m wrong about that.  I’m not sure at all...

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Flare is described as a utility fork of XRP. I think the connections come from the fact that the Flare team chose XRP as the starting point. In an early interview I remember Hugo Philion saying something about how they liked the functionality of the XRPL and things like that. 

That said, Flare has taken explicit steps to limit the influence of Ripple on the Flare network, which is very welcome. Also moving quickly to add other F-assets has really done a lot to dilute the view that this is an 'XRP-centric' project. Flare has started with XRP, but I think eventually Flare will surpass XRP. You could make an argument that it has already done that, in the abstract.

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Just now, Seoulite said:

Flare is described as a utility fork of XRP.

Yeah I wish they had never said that because it’s kind of meaningless and projects in many minds a completely incorrect understanding of what it is.

Its not a fork in any software or even ‘traditional crypto’ sense.  It’s purely using the XRP community as it’s seed users.  It also is “XRPL aware” so it can detect and watch XRP ledger changes.

Any word other than “fork” would have been better.

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6 minutes ago, BillyOckham said:

Yeah I wish they had never said that because it’s kind of meaningless and projects in many minds a completely incorrect understanding of what it is.

Its not a fork in any software or even ‘traditional crypto’ sense.  It’s purely using the XRP community as it’s seed users.  It also is “XRPL aware” so it can detect and watch XRP ledger changes.

Any word other than “fork” would have been better.

Correct me if I'm wrong but isn't 'utility fork' a term that is used within crypto developer terminology? I agree for the average user it sounds like BCH as soon as you hear the word fork. 

Anyway as I said thankfully the quick introduction of F-assets has decoupled Flare with XRP to some extent in terms of public image. I don't see why that shouldn't continue into the future. 

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12 minutes ago, Seoulite said:

Correct me if I'm wrong but isn't 'utility fork' a term that is used within crypto developer terminology?

I’m not aware of that...  I am a retired dev,  but never coded in the crypto space.  But software is software...

Perhaps I am just ignorant of it.  I still don’t think it’s a good term even if it IS used...  it’s definitely NOT a normal crypto fork but the term implies that to those unfamiliar with the details.

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15 minutes ago, BillyOckham said:

I’m not aware of that...  I am a retired dev,  but never coded in the crypto space.  But software is software...

Perhaps I am just ignorant of it.  I still don’t think it’s a good term even if it IS used...  it’s definitely NOT a normal crypto fork but the term implies that to those unfamiliar with the details.

Maybe calling it something like a modified clone of the XRPL's open source basecode or something.

Modern coding projects use the concept of a "repo" ( code repository - hosted on a service like Github ) which tracks all code changes, and facilitates the branching off copies at any point in the timeline of an evolving codebase in its repository. It makes it really easy to view the history of changes and additions over the lifetime of a codebase. ( hope that helps ) 

Edited by JASCoder
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2 minutes ago, JASCoder said:

Maybe calling it something like a modified clone of the XRPL's open source basecode or something.

Modern coding project use a concept of a "repo" ( code repository - like Github ) which tracks all code changes, and facilitates branching off copies at a point in the timeline of an evolving repo. It makes it really easy to view the history of changes and additions over the lifetime of a codebase. ( hope that helps ) 

Yeah I’m very familiar with repos.   Only retired last year.
 

But what part of XRPL (or Rippled repo) is in Flare?   It uses the Etherium vm and uses avalanche consensus.  I don’t think (but could easily be wrong) there is any connection to the XRPL code.

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23 minutes ago, BillyOckham said:


One thing that I have been wondering about is whether the Flare smart contracts will be able to make use of the XRPL DEX.  
 

It seems to me that if built to transact on the XRPL DEX then a Flare smart contract with XRPL pathfinding capabilities might be the worlds best, cheapest currency swap.

It might be a virtuous circle bringing volume to the Dex making it more desirable and so on.

I think it’s technically achievable but perhaps I’m wrong about that.  I’m not sure at all...

There used to be a Bitcoin bridge to and from Ripple in the past. I believe it got killed off in the FinCen agreement. I think RippleFox still runs bridges between Ripple and Stellar.

Ripple would have been the perfect trading platform for all the ERC-20 tokens. But animosity between Ethereum people and Ripple people and Ripple's shift to pursuing big banks and governments prevented that from happening.

Ripple was always designed to be the exchange for any type of value. But Ripple's philosophy was basically to roll the technology out and wait for people to build the gateways and bridges to get get value into the system. This obviously hasn't worked. Maybe Flare will give us some of that functionality.

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