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As I understand it, ILP is considered Private communication, and the Connectors using ILP treat each Message/transaction anonymously. I don't know if this is always the case? Could some ILP trusted ledgerchains be public? As I understand it the ILP is like a series of P2P walled garden DLTs that trust each other.

My question is, if XRPL is used as a connector during a ILP communication/transaction does that become Public because it is on the XRPL?

Edited by Cryptowhatcher
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38 minutes ago, Cryptowhatcher said:

My question is, if XRPL is used as a connector during a ILP communication/transaction does that become Public because it is on the XRPL?

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All transaction on RCL are public. Whether you can associate this transaction with a specific person is another question and the answer depends on the actual implementation.

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Well, I was watching Rao's presentation and he was discussing banks seeking communications behind firewalls on a trusted network. And how it was a priority for banks to have private communications. So I was wondering how this might impact their choice to use public ledgers.

Then during the 7 ledger demo for ILP XRP was used as a connector.

Combining this with Tiff Hayden and others saying that XRP is restricted to the RCL/XRPL. I am just a little confused as to how and when XRP will be a possible option for a ILP transaction.

So I am just wondering if there is a scenario where XRP/XRPL is the cheapest and fastest option for a ILP transaction, but will it get passed over for a slower option because the XRPL is a "public ledger".

 

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