XRPL is a public permissionless blockchain with high practical application, playing a key role in programmable finance in the future.
XRPL is designed to create smooth, transparent, and cost-effective transactions while supporting liquidity and interoperability on a global scale in the DeFi space.
MAIN CONTENT
Permissionless blockchain like XRPL prioritizes openness and the ability to serve global financial infrastructure.
XRPL is built to reduce transaction friction and increase efficiency with XRP as a bridge asset.
In the future, XRPL focuses on enhancing programmability, compliance, and increasing institutional liquidity.
How does permissionless blockchain serve critical infrastructure?
Permissionless blockchain like XRPL allows for open access and flexible execution, making it suitable as a global financial infrastructure platform. Unlike permissioned blockchains with validators, XRPL is not limited in its operations, thus increasing resilience and connectivity.
This positions XRPL favorably to become the technical backbone for the world's financial system. The lack of permission allows widespread participation from developers and organizations, fostering a sustainable ecosystem.
David Schwartz, Ripple CTO, emphasized that building a blockchain is already challenging, but creating a thriving ecosystem with liquidity, trust, and real-world applications is even more challenging. XRPL has overcome those challenges for over a decade.
XRPL has existed and thrived for over a decade thanks to continuous testing, updates, building trust, and widespread application in the organizational environment.
David Schwartz, Ripple CTO, 2024
Why was XRPL built?
XRPL was developed to make transactions fast, easy, and cost-effective for users. Its strengths are decentralization and high reliability, suitable for programmable financial applications.
David Schwartz explains that XRP on XRPL can directly settle any issued asset, eliminating costs and the complexity of needing to acquire another intermediary token for transactions. XRP acts as a bridge asset, independent of third parties, used for payments, settling transactions, and maintaining liquidity.
Each transaction on XRPL either uses or burns XRP to enhance value and support the stability of this blockchain platform. This approach sets it apart from many other new blockchains in the cryptocurrency industry.
What is being developed next on XRPL?
Ripple's CTO reveals that XRPL is entering a new phase of innovation with improvements focused on enhanced programmability, regulatory compliance support, and increased liquidity from financial institutions.
This platform will expand DeFi tools to support more complex operations while maintaining the inherent openness, transparency, and security of a public permissionless blockchain.
XRPL promises to be the next financial infrastructure on blockchain with improvements in programmability, compliance, and institutional liquidity.
David Schwartz, Ripple CTO, 2024
Frequently Asked Questions
How is XRPL different from permissioned blockchains?
XRPL is open, unrestricted access allows for greater flexibility and resilience for the global financial ecosystem.
Why is XRP important for XRPL?
XRP is a bridge asset that supports payments without a third party, helping to reduce costs and improve liquidity.
Can XRPL support large financial institutions?
XRPL is developing compliance and liquidity features to better serve organizations and traditional financial markets.
What are the advantages of permissionless blockchain?
Open connectivity allows many developers to participate, increasing decentralization and fault tolerance of the network.
What improvements will XRPL see in the future?
Focusing on enhancing programmability, supporting compliance, and developing institutional liquidity to expand financial applications.
Source: https://tintucbitcoin.com/xrpl-va-blockchain-phi-quyen-han-quan-trong/
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