Cto Squashes XRP LEDGER SUCCESS: Details

Ripple Cto David Schwartz recently responded to the XRP LEDGER (XRPL), which led to the closure of allegations that XRP has no real benefit.

One of the X users argued that XRP has reached the maximum huge market (currently at $ 140 billion) despite the production of small value. The user was also martyred with data from Defillalama, saying that LEDGER XRP (XRPL) recorded only $ 44,000 in size 24 hours.

In response, the Ripple CTO rejected the argument, saying that the number aforementioned is the ATMS maker on XRPL, which is “a small part of what XRP people use”.

With the conversation continuing, another X user inquired about other XRP notebooks. Ripple CTO responded by highlighting the original XRP function, which is a central exchange. “You know that Xrpl is Dex, right?” Schwartz He added.

XRP LEDGER is the most prominent

Ledger XRP supports a variety of functions that exceed amms, including payments across currency and paid symbol, among other things. The basic value proposals for the honor of XRP (XRPL) include original functions such as symbols, NFTS, decentralized exchange (DeX), warranty functions, compliance compliance and distinctive symbol management.

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NFTS, like currencies (also known as the original codes), built into the basic XRPL protocol and does not require smart contracts to create or transfer. Unified XLS-20 NFTS in October 2022, provides benefits such as royalties and anti-messages.

Currently, 7,744,695 NFTS has been created using the XLS-20 standard. On December 17, 2024, Stablecoin Stablecoin was launched from Ripple, RLUSD, on XRPL and Ethereum. Stablecoin is fully supported through US dollar deposits, short -term US Treasury Department, and “other monetary equations”, with monthly certificates from the third party.

The XRPL base currently does not support arbitrary smart contracts, which was the decision to design intended to enhance security and stability in the complexity. However, plans to introduce original smart contracts have been announced in September 2024 and are currently making progress.