Ripple: Liquidity Explained and the Evolution of the XRP Ledger

hello folks you have reached the cryptocurrency portal and today we're going to go over a little information about Ripple and ever so often ripple sends out that what they call as a ripple drop or ripple insights about some information what's going on with ripple in general now this is on the heels of some incredible information that ripple has been sending out you know recently they had a funding round of 200 million dollars in venture capital Series C monies that valued ripple at ten billion dollars there's another video that I did also about ripple building a crypto bridge between XRP and aetherium and I'll I'll put in the comments section below links to both of those videos if you want to check them out because the information from ripple continues to be great more and more forward momentum and we always like to highlight any 4-momentum use cases or anything in the crypto space so let me know in the comments section below what you think about what ripple is doing so you can see the headline here the ripple drop liquidity explained and the evolution of the XRP ledger here's the video and I'm actually going to play the video after we go through the article so you can kind of watch it yourself in this episode of the ripple drop they dive into how changes are made to the XRP ledger a digital asset wall called BRD and the foundation of the quiddity so David Schwartz is gonna go over the XRP ledger brand Madigan on liquidity and then they have a special guest the BRD co-founder and president Aaron voice on he explains how his company is involved all right so first off it says ripples to see tio chief technology officer officer David Schwartz he's in provide a look at how improvements are made to the XRP ledger then the ripples vice president and head of global institutional markets Brianne Madigan she'll explain the key attributes to a healthy liquidity market and while BRD co-founder and present which I just was talking about Aaron voice sign explains how and why his company is part of this effort so reliability is job one now Schwartz admitted he's often in awe of how quickly and dramatically the XRP ledger has changed since its founding in 2011 growing to more than 1,000 nodes that moves billions of dollars to people around the world but the defining feature of a decentralized operation without any administrative functions or permission for a multi-billion dollar digital asset is price Lee why the pace of change has slowed reliability is top priority and the community ensures this by taking a measured approach to any proposed changes so as part of this episode this is Ripple talking shorts highlights how the community is empowered to push back on possible changes and unpacks a unique safety feature that prevents the system from ever agreeing that two plus two equals five and he also teases a few changes that the community is considering including speeding up confirmation times and increasing throughput now additionally he's interested in ripples potential to take on stable coins which would peg assets on the ledger to an external value all right liquidity basics in today's use cases infrastructure that is reliable and trustworthy is critical to supporting new use cases for digital assets one such company working on creating tangible value for digital assets is BRD BRD is a multi currency crypto app that aims to make trading digital assets as safe simple safe and convenient as possible in 170 countries voice on highlights increased utility and demand for extra pious reasons why BRT added XRP support and he says we're seeing businesses adopting digital assets and growing utility all the time XRP has proven itself to be something that's extremely valuable and something that the market wants says voice ID additionally Brianne Madigan explains the key aspects to liquidity and how liquidity fits into the ripple nets on-demand liquidity or ODL service that enables faster less expensive cross-border payments Matt again discusses how on demand liquidity is an important illustration of how ripple as an enterprise company build solutions for b2b customers yet has the potential to deliver value for everyday consumers all that is made possible on a ledger that the community helps ensure is up to the task all right as I said from the beginning folks I'm going to go ahead and play the ripple video in its entirety so you can hear from it from what they say are there words out of their mouth about what I just went over with you so here we go and at the end of this video we'll probably we're going to show another short video and then I'll do a wrap-up so here we go the ripple [Music] [Music] dropp'd Schwartz on and talk about the XRP ledger ran Madigan is gonna talk about liquidity and digital assets and last but not least we've got the co-founder and CEO of BRD wallet Aaron Voisine stay tuned for the drop David give me some context on the XRP ledger where it started and where we are today well I started working on what we now called the XMP ledger at the end of 2011 so I've been at this for nine years now it kind of feels like forever but the changes have been drastic I mean in the early days all we had was the ability to perform a transaction on a decentralized ledger in just a couple of seconds and then we started to realize that the properties of the algorithms that we've developed allowed us to do things like a decentralized exchange and then we had this idea of allowing people to issue assets and ideas like community credit and we put all that together into a functional system probably in mid 2012 wise robustness so important today with so many payment providers and financial network depending on the XRP ledger you have to realize that you're talking about billions of dollars in a system it doesn't have an administrator there's nobody that you can go to if it messes up and so reliability is the number one property and it means that these systems are very slow to develop and evolve in the early days before I was working on the XRP ledger and I was looking at Bitcoin and we sudden had this idea that if there was any new feature Bitcoin would just adopt it we now know that that's hopelessly naive because any change to a system like this imposes costs on everybody who uses the system with any other piece of software a company will release a new version of the softness an Oracle releases a new version and they'll say to people who have like mission-critical deployments don't upgrade to the new version just use the current version give us a little bit of time test it whatever you can't really do that on a public blockchain if the rules change people have to run software with the new rules you want to ask why these systems don't move more quickly why they don't add features on a regular basis that's what you've suggested changes for the excerpt ledger give us an overview what those changes are and what they might mean for the network I have suggested a bunch of changes that fall into several different categories one of those categories is like core consensus improvements one of the things that I've said a lot is that proof-of-work is kind of a technological data it works fine I'm not saying it doesn't work I'm just saying that there hasn't been any significant innovation in it there are also changes that are in the form of new features one of the features that I think is very exciting is a feature that would allow people to launch while stable coins are the obvious use case but it's not just stable points it's essentially assets pegged to some external value features similar to that exist on other systems but the interesting thing about this is that the liquidity is guaranteed by the ledger mechanics why is the quiddity important for market stability and health and I think even to take a step back liquidity has a lot of components that are important to kind of address so one of which is immediacy so I think about that as how quickly can I get access to markets and how quickly can I trade into and out of this asset or token and for another asset I think about the breadth of the market so breadth is sort of how you think about the trading volumes at different prices in the order book and then depth of the market and depth of the market is really about how many orders there are close to exactly where that's where the price is currently trading of varying sizes which would imply that you could get a lot of volume through without having much price movement as you're trading into and out of the asset and then in addition accessibility is very important so accessibility is just probably as it intuitively sounds the ability to access markets to trade in those assets very easily and that can be geographically or through multiple infrastructure partners whether it's exchanges or OTC desks or what-have-you and the last key attribute of a healthy liquid market is really resilience and that is getting at the ability for a market to recover from a significant systemic event so if there was some sort of homework it shocked the ability for order books to get back to normality and tighten back to the similar prices to where they were prior to that event relatively quickly and so all of those attributes are very important to the healthy healthy liquid market how does deeper look what any impact services like on family or odl that's a great question so as you think about the value that we're providing sending flow from to Mexico because we're able to use xrp as the bridge currency between the u.s.

And Mexico and do basically instantaneous transactions we are significantly reducing the cost base sending that money cross-border and the view that we're delivering and focused on Enterprises is true enterprise solutions to help them perform their business more efficiently but as we do that we're really giving them the opportunity to pass on the fee savings they're leveraging our technology and infrastructure to their everyday consumers so you know somebody living in America who is working and sending money back to their family in Mexico we're really thrilled that the work that we're doing is really driving value to the bottom line into everyday consumers tell me about beardy wallet how does the technology you guys employ make mainstream adoption of digital assets more real it's just an app for mobile devices Android and iOS the intention of it is just to make cryptocurrency really simple and safe and easy and convenient to use what differentiates BRD wallet from other walls that are out there our Bitcoin wallet connects directly to the Bitcoin peer-to-peer network so even if all our servers go away or get seized or company shuts down or whatever you still have access to all your money what's blog set and why isn't it worked for developers in space so in supporting lots of different crypto currencies for our super wallets we had to build out a back-end kind of enterprise grade service for peer networks since it runs on mobile devices there needs to be a lightweight kind of mobile oriented protocol our goal is to eventually get there hopefully with all the block chains or things like aetherium the lightweight mobile protocol is not quite ready yet so we're doing that through a system that we call server assisted sinking using our block set back-end to do that there's a lightweight protocol for Bitcoin and Bitcoin cash and other Bitcoin like services that it's called SPV simplified payment verification that's what we're using to connect directly to they have a peer-to-peer network and hopefully we can get there with all the bunch and eventually as they as the being a long time Bitcoin guy yeah you guys are now adding XRP to your wallet what how does that add value to the overall industry usually as I mentioned start off using just Bitcoin but then when Bitcoin market dominance dropped below 50% we realized that we have to support XRP has always been right near the top of the list as far as market cap the number of customers and use cases for it and businesses that have adopted it is growing all the time and it's proven itself to be extremely valuable and something that the market wants and so that's why we're supporting it there you go folks that's the latest from ripple and their latest ripple drop and just insights about their company in general all right so I'm switching gears here let's go to another video but first off you can see that the tweet that ripple sent out about this ripple drop that we just reviewed ourselves from their actual Twitter feed if you want to follow them just go to app Ripple alright so the next and last thing I want to go over since we're going over demos is just I want to show you a demo of the ripple networks and it's just a product overview so I'm just gonna run this in its entirety and then I'm gonna wrap up this video so here you go folks [Music] a ripple we've talked a lot about the Internet of film our North Star of enabling might move like information does today but how does the Internet of value translate into banking it starts with your customers your customers payment demands are changing and the internet of value plays a large part in delivering on those demands for consumers and businesses they are demanding global transactions that are seamless real-time certainly and cost-effective yet today's global transactions fall far short of those expectations that's because the current payments infrastructure is a patchwork of centralized networks legacy technology and different payment rails its disparate the technology systems of record with messaging and rules are different from one network to the next it's slow it takes an average of three to five days to settle across the numerous intermediaries its error-prone failure rates are high and data flow between intermediaries is poor and is costly processing costs are high an average of twenty five to thirty five dollars for each payment the downstream impact of these problems provides a subpar experience that's driving customers from your bank to FinTech providers that can provide a better customer experience we're solving this with ripple net which is the cornerstone of enabling the internet of value ripple net is a global decentralized network that brings together a diverse ecosystem of payments players for the first time in history let's look at what could be the fully realized future state of our planet starting with the ecosystem of players who are categorized into two functional groups first our network users these are corporates SMEs small banks of painted refiners who only send payments ii are the network members these are banks and payment providers that serve as the foundation of the network as they process payments of source in the community network members process payments through our product X Current which provides real-time settlement with bidirectional messaging with X current banks and payment providers can process payments more efficiently through the pre validation of every transaction to eliminate failures and through rich data attachments for every payment it also provides payment certainty through the pre disclosure of information prior to settlement eliminate failures and through atomic settlement that provides pass/fail processing across all intermediaries to avoid settlement like risk network members can also source the quantity through our product X rapid which provides access to an on-demand pool of liquidity through digital assets X rampant provides the ability to lower liquidity costs by being able to source liquidity on demand and reduce the amount of Nostra's required to make global payments for network users again these are corporates SMEs and small banks other payment providers they can use our product X via which is a standardized API based interface to originate payments through their banking partner through the standard interface of X via network users can benefit from all the capabilities that represent Miriam's they can access across networks globally they can send payments on demand in real time they can attach rich data like invoices to any payment and they can gain complete visibility into payment status and delivery timing so let's recap the products and the problems they are both the salt X Current is for banks and payment providers looking to process payments more efficiently and with certainty overcoming today's four percent failure rate for Global Payments X Ravan is for payment providers and banks looking to source liquidity on-demand through digital assets freeing up the five trillion dollars in trapped global liquidity and X via is for corporates SMEs small banks and other payment providers looking for one standard interface to send Global Payments avoiding the hundreds of bespoke integrations to different payment networks ripple net is solving the inefficiencies of today's inefficient payments networks it's standardized the technology api's needs and governance are consistent across the network it's fast the technology provides real-time settlement and bi-directional messaging it's certain atomic pass/fail processing eliminates payment failures and it's low cost high STP rates and flexible liquidity provisioning lowers processing costs fruitful net is the first step towards bringing the internet of value to life one frictionless experience to send money globally to learn more please contact us at Rupali alright folks I just wanted to kind of wrap up with that I just thought that was important to just see what the rhythm that does since we talked about it so much on this channel so that's the latest from the cryptocurrency portal folks thank you so much for tuning in I deeply appreciate it and if you like this video please smash thumbs up button it really helps out the channel and helps out with Google and YouTube algorithms and all that and if you have any question about ripple or comments about ripple or XRP the digital asset or anything in the crypto space please leave in the comment section below I love getting a discussion going about the crypto space and it could be about anything and if you already subscribe to the channel thank you very much and deeply appreciate you if you're not a subscriber yet hope I've earned your trust and I would be honored with your subscription to the channel so thanks again for tuning in to the cryptocurrency portal [Music] you

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