Ripple: Presents a vision for federated sidechains on XRP Ledger

Ripple: Presents a vision for federated sidechains on XRP Ledger

  • Ripple provides one frictionless experience to send money globally using the power of blockchain technology
  • Over the last nine years, the XRP community has been committed to advancing the innovation and forward progress of the XRP Ledger
  • In fact, the number of DeFi developers has grown 110% since 2019, and that number is projected to grow well beyond 2021
  • Proposing a strategy that enables the best of both worlds: Federated Sidechains for the XRP Ledger
  • This will enable developers to implement new features, such as native smart contracts that interoperate seamlessly with XRP
  • In order to understand the vision for Federated Sidechains, it is first important to define a federator
Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

You May Also Like

Klarna Stock Tumbles After Disappointing Q4 Results

Klarna reports unexpected losses, impacting stock performance and investor sentiment.Highlights: Klarna's stock falls sharply after reporting unexpected Q4...

FBI Warns of Surge in ATM Jackpotting Attacks

Recent spike in ATM jackpotting poses risks to financial institutions and customers.Highlights: FBI reports increased ATM jackpotting incidents...

Nvidia Considers $30 Million Investment in OpenAI

Potential investment highlights Nvidia's strategic focus on AI innovation.Highlights: Nvidia is considering a $30 million investment in OpenAI.This...

Forbes Fintech 50 Sees 20 Newcomers Strengthening Financial Inclusion

New entrants highlight AI and innovative business models in fintech.Highlights: Forbes Fintech 50 adds 20 new companies to...