Significance and Secrecy of 2018 Ripple Presentation

user avatar

by Giorgi Kostiuk

2 years ago

Made with AI

  1. Highlights of the Ripple Presentation
  2. Ripple as a Central Bank
  3. Deflationary Nature of XRP


    4. Crypto researcher SMQKE (@SMQKEDQG) recently drew attention to a 2018 Ripple presentation, sharing key extracts. This presentation provides insight into how significant financial institutions viewed Ripple at the time.

    Highlights of the Ripple Presentation

    The presentation suggests that new technologies, including those related to Ripple, are being tested within a closed environment, away from public scrutiny. This secrecy surrounding such technologies is understandable, considering they are managed by powerful financial institutions.

    Ripple as a Central Bank

    A particularly striking point from the presentation is the characterization of Ripple as a “central bank.” This description reflects the centralized nature of Ripple’s system, which operates under the company’s direct control. RippleNet integrates various payment systems and XRP, functioning within a highly controlled environment. The Ripple system consists of a limited number of independent gateways, most of which are managed by Ripple. These gateways perform crucial roles similar to those of traditional banks, facilitating transactions and ensuring secure settlement. The presentation also delves into the consensus mechanism used by Ripple, known as the “Ripple Protocol Consensus Algorithm” (PPCA).

    Deflationary Nature of XRP

    The presentation also highlights the deflationary characteristic of XRP. For each transaction, 0.00001 XRP is burned, gradually reducing the total supply of XRP. This information reveals how Ripple and XRP were positioned within the global financial system as of 2018.

    This data highlights the significance of Ripple’s ecosystem and how its technologies were tested confidentially. The description of Ripple as a central bank and the deflationary nature of XRP emphasize the system's importance and potential impact.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Chainlink Launches 24/7 Pricing Service for Onchain Assets

Chainlink has launched a new service that provides a continuous price series for assets, solving the issue of unreliable pricing during off-hours for onchain applications.

user avatarMaya Lundqvist

Securitize Announces Integration with Stellar Network

Securitize announced plans to integrate the Stellar network into its infrastructure for institutional asset managers, enhancing the management of tokenized financial assets.

user avatarKaterina Papadopoulou

Lagarde's Criticism of Bitcoin and Its Implications

Christine Lagarde has been a vocal critic of Bitcoin, emphasizing the need for secure and liquid central bank reserves.

user avatarLeo van der Veen

ECB Advances Digital Finance Initiatives Under Lagarde

Under Christine Lagarde's leadership, the European Central Bank has made notable strides in digital finance, including work on a digital euro and the introduction of Pontes for tokenized asset transactions.

user avatarAisha Farooq

Selection Process for Lagarde's Successor at ECB

The European Central Bank has outlined the process for selecting Christine Lagarde's successor, which will be conducted under Article 283 of the Treaty on the Functioning of the European Union.

user avatarLeo van der Veen

Christine Lagarde Confirms Departure Date from ECB

Christine Lagarde has confirmed her resignation as president of the European Central Bank, effective February 7, 2027.

user avatarLi Weicheng

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.