based on materials - By Times Tabloid
In a recent statement reviving the long-standing vision of XRP, prominent XRP community supporter and researcher Cobb once again drew attention to an important assertion made by elusive Ripple co-founder Arthur Britto.
Referring to documented words of Britto from June 4, 2017, Cobb reiterated that "XRP must be scalable to serve 7.5 billion people." Despite its simplicity, this statement embodies one of the most ambitious technological and financial undertakings ever associated with a digital asset.
The reemergence of Britto's remark calls for a deeper exploration of what this vision entails, the obstacles that remain, and the roadmap that could allow XRP to transform into a truly global, scalable environment for value transfer. Cobb's comment not only underscores the magnitude of this goal but also focuses attention on Ripple's broader mission and the infrastructural improvements still needed before XRP can operate at the intended scale.
Arthur Britto, co-founder of Ripple Labs and one of the lesser-known but significant figures behind the creation of the XRP Ledger (XRPL), has maintained a low public profile. Nevertheless, his statement on scalability has remained a guiding principle within the XRP community. It highlights the intention underlying the design of XRP, not just as a digital currency but as a global liquidity solution capable of serving the entire population of the planet.
XRP aims to address fundamental pain points in the global financial system, including slow transaction settlements, high costs, and limited compatibility among financial institutions. Ripple's core innovation lies in the XRP Ledger, a decentralized, high-performance blockchain with low transaction costs and near-instant settlements. At its best, XRP can handle 1500 transactions per second (TPS) with the potential for scalability to tens of thousands through proposed enhancements.
However, as Cobb noted, the initial goal of serving 7.5 billion people is far from symbolic. It represents a quantitative benchmark for scalability, a future state in which XRP becomes the foundation for value exchange in a hyper-connected, globalized economy.
While the speed and efficiency of XRP are widely recognized, achieving global adoption requires more than just throughput. As Britto hinted, and Cobb reiterates, the focus should shift to structural scalability encompassing compatibility, regulatory integration, infrastructure expansion, and sustainable decentralization.
One of the key components is the ongoing evolution of the XRP Ledger itself. The XRPL is actively being improved to support smart contracts and interoperability through sidechains and layer 2 solutions. The significant collaboration between Ripple and Peersyst Technology within the EVM sidechain aims to integrate XRP with the broader DeFi ecosystem. Such expansion is necessary to stimulate adoption in both retail and institutional sectors.
Another important area is liquidity. For XRP to be used on a population-wide scale, its liquidity must significantly increase. Ripple's On-Demand Liquidity (ODL) solution, which uses XRP as a bridge currency, is currently operating in several corridors. However, to serve 7.5 billion users, ODL must expand to cover all significant fiat pairs, including pairs in emerging markets and unbanked regions. Providing liquidity, market-making, and regulatory green lights are key steps on this path.
Moreover, scalability is not just a technical hurdle. It also depends on user experience, wallet adoption, accessibility, and integration with Central Bank Digital Currencies (CBDCs) and retail payment systems. Ripple's efforts to implement corporate blockchain, including collaboration with monetary authorities and financial institutions, play a vital role in laying the foundation.
$BTC , $XRP , $SOL
#Market Rebound , #Сryptomarketnews
If you cannot handle the large flow of news related to cryptocurrency and the world of finance, then perhaps you should not be subscribed to this group (!) ... 😉🙄
