RichardAH 🪝🇦🇺
@RichardXRPL
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Chief Technology Officer at @XRPLLabs . Lead Architect of Hooks, Xahau, and Evernode. Australian for better or worse. Opinions my own, not my employer's.
Australia
Joined June 2018
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Ladies and gentlemen, the Hooks PR is officially open.
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Xahau begins its code audit by our diligent friends at
@goFYEO
today. The code is finished 🎉 Many thanks to
@angell_denis
for his tireless effort getting tests across the line, and to the whole
@XRPLLabs
team. Start building on the Xahau Testnet today 🤓
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What if:
#Xahau
let you pay with multiple currencies + NFTs together, at the same time... and automatically pay to create the destination account and/or trustlines if missing, and allow in-line minting of a URIToken receipt... atomically, in the same txn? ttREMIT... coming soon
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Sunday afternoon 🧶 thread on the XRP ledger protocol scalability
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It’s over 10,000.
@RippleXDev
@ripple
please send some engineers and funding our way … we’ll need help porting Hooks to mainnet 💪
Do you want Hooks 🪝 , native Smart Contracts, on the XRP Ledger ?
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1/ A short thread 🧵on our sidechain value transfer mechanism.
Some of you may remember a year ago we demoed a technology called XPOP at Apex in Tallinn.
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Repeat after me: The XRPL is not a UTXO chain. The XRPL cannot support ordinals or their inscriptions. Projects that *mint* ordinals on the XRPL are nonsensical spam.
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🎉 Xahaud version 2023.12.29+689 was released today and introduces a number of small but important fixes and quality of life improvements.
‼️ If you are running a Xahau node please upgrade now to avoid becoming amendment blocked.
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🚀Xahaud 2024.4.21-release+858 has been released!
✅ZeroB2M - disables XRP->XAH burn to mint.
✅fixNSDelete - fixes namespace edge cases.
‼️ Xahaud has a five-day voting period for amendments.
⚠️Please update your nodes to avoid being amendment blocked.
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This seems to have aged well
Unpopular opinion: XRP is a gas token and its value is a function of its utility. Stable coins are much more useful and important for payments and value transfer.
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✅ XRPL has 466 nodes running latest release.
✅ Xahau has 950 running latest release.
🤗A healthy and engaged ecosystem!
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Xahau XRP is a gas token, explicitly and by design. We think mainnet XRP is too, but other people disagree (which is fine.) If mainnet supports reverse Burn2Mint for Issued currencies then any form of wrapped XRP can be moved in both directions. Wrapped XRP could also be
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7/ Disparate XRPL protocol chains can support and transfer each other’s assets while keeping the total supply the same and without a custodian, third parties, witnesses, or a money services business being involved.
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Some say we never stop buidling...
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🎉 Xahaud 2024.3.12 Released.
✨ New Amendment: XLS-55 Remit.
‼️ All Xahau nodes must update to avoid becoming amendment blocked.
🧐 This includes all the new Xahau submission nodes used by Evernode hosts!
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Quite the show of support for what we built. Thank you guys 🤗
Do you want Hooks 🪝 , native Smart Contracts, on the XRP Ledger ?
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XLS5.1 expands X-addresses for multi-network support.
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Hmm... I really want to send this user 1000 TST tokens but his account doesn't exist yet and there's no trustline. Oh, not to worry, I'll use REMIT. Xls-55 is now live on Xahau Testnet.
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Idea of the day: Evernode secure instant messenger, like Signal/telegram except decentralised and spy proof. Connect to a node in the contract’s cluster and record in the shared canonical state that you are online and which node/s you are connected to. Anyone who wants to talk to
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XRP drops (the XRPL equivalent of satoshis) are actually fungible. They can't act as ordinals. This project makes literally no sense.
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@BradPunkhouse
Hooks on mainnet would be pretty awesome. That’s all I’m going to say, that’s the tweet.
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Real builders + projects are trying very hard to establish the XRPL as a serious platform for modern e-/commerce
@CasinoCoin
@GateHub
@EvernodeXRPL
@friipay
@XamanApp
@BPMWallet
and many more. Vapourware projects and partnerships are a huge slap in the face to these builders.
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Xahau and XRPL are not an "either-or " thing. It's perfectly possible to have a presence on both chains (including using the same r-address) and benefit from the different features where they are. Interoperability & multichain assets are the future.
Maybe a not so popular opinion, but all the recent Drama around the AMM, Validators, general governance of the XRPL makes me pretty excited for
@XahauNetwork
, just saying.
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6/ This could be used for infinite horizontal scaling. In a sense this is an even more decentralized version of a blockchain. Like the Internet: the Interchain.
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Remit coming in hot. Almost half way through the amendment process. What a game changer this will be usecase-wise. Do you have a customer you need to give some sort of digital asset, loyalty points, receipt, warranty or ticket? ... but they've never used blockchain before? Create
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3/ Burn2Mint (B2M) is our XPOP-driven value transfer mechanism, in which a cryptographic proof shows that an asset is burned on one XRPL protocol chain and allows it to then be minted on another XRPL protocol chain.
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What’s the developer acquisition cost for the XRPL ecosystem? That is: how much on average must be spent on conferences, hackathons, education, outreach etc. to acquire one new long term developer to the space?
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@ShortTheFOMO
For a large number of retail use-cases you just want to give something (e.g. coupon, receipt, payment, digital goods, or combination thereof) to someone with no fuss, no exceptions, "no X went through but Y didn't", no missing account or missing trustline. What you see is what
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🔥Burn2Mint of an XLS20 NFToken, reminted as a URIToken on the Hooks testnet:
🍍The re-Minting is done by a Hook on the Issuer account. It emits here:
🤓And the Hook source:
✅Also possible with IOUs
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Unpopular opinion: XRP is a gas token and its value is a function of its utility. Stable coins are much more useful and important for payments and value transfer.
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UNLReport determines which UNL validators who also participate in the Xahau Governance Game are reliable enough to receive validator rewards. The UNLReport roughly mirrors the long standing NegativeUNL feature of the XRPL (i.e. "PositiveUNL") and is built from similar code.
Xahau Testnet (formerly known as Hooks V3 testnet) has been updated today, and one of the new features live is the "UNL Report", where UNL nodes report sane operation of other UNL nodes.
Verifiable historic UNL logs, on ledger.
Lots to do, but this is coming together :)
(And
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1/ We all know a blockchain is a peer-to-peer network of computers working together via a consensus algorithm to collectively validate transactions.
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I propose that it should be a human right to not be subject to layered or double taxation. If you’ve already paid tax on that dollar why would you have to pay taxes again? That means if a country has an income tax it can have no other taxes. If governments can’t figure out how to
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4/ Mutual burn2mint is a situation where users of two chains can freely exchange assets forward and backward by burning (where the asset is) and minting (where it isn’t.)
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Hot take: Visa/Mastercard already won payments. The future of crypto is a more generalised version of the stock market. Containerising, managing and dealing in rights / property, peer to peer, 24/7, on a global scale. And for that you need smart contracts.
"You're going to see us placing other bets..."
"...we haven't gotten the traction we wanted just from payments...
Because
#XRP
Ecosystem doesn't have industry-standard smart contracts, the next BIG BET is Multichain Ecosystem, starting with the EVM-compatible chain.
more:
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The fixXahauV2 amendment is now live. This amendment is an incremental update, part of our commitment to continuing to improve the health and stability of the ledger. Details here:
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2/ Blockchains are a fantastic technology but they all suffer from the same essential problem: scalability. No matter how efficient, there is a practical cap to the number of transactions per block/ledger.
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@CraigKellyPHON
Well if it's any consolation they drank the kool-aid and you didn't. And I mean that in the most concrete sense.
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Two-way Burn to Mint for Issued currencies could be added to mainnet. This would make issued assets on the XRPL multi-chain capable. Users could move their issued assets to whichever chain they are most useful on, at any given time. The feature would be opt-in for Issuers.
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xahowyadoin
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@hitchpster
@SuzanneEvans1
Oh no! I guess he'll have to get unelected now and the country return to 300% inflation. Dang it!
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@CartlandDavid
The way it melts fat from faces makes me wonder what it does to essential fatty tissues like the brain.
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5/ Consider, instead of a group of computers working together to form a blockchain, you have a group of blockchains working together via mutual B2M: An Interchain.
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@SwiftBovine
We initially tried to get the Hooks Amendment merged into the rippled codebase (for adoption on mainnet) however this was (for whatever reason) not making forward progress. After a year of waiting we decided Hooks would launch on a sidechain instead.
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The only thing you can do with solidity that you can't do with Hooks (that I can think of) is flash loans. Virtually everything else is possible. You just need to be creative and think asynchronously.
"There's nothing you can do with Solidity that you can't do with Hooks"
@angell_denis
@XahauNetwork
#ApexDevSummit
#XRPL
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@CraigKellyPHON
Let's just amend their misinformation bill so it only binds the government 🤷♂️
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Idea of the day: An Evernode contract as a payments aggregator/broker. A self-owning contract controlled by a DAO which has accounts on multiple blockchains and other payment systems and allows members of the DAO to receive into and send out of the broker’s accounts on their
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@ZachRector7
@Vet_X0
@daniel_wwf
The XRPL AMM was developed by Ripple and audited by an external firm. Myself and
@nbougalis
did a responsible disclosure of bugs discovered after the audit. These were then fixed... but it is reasonable for responsible validators to ask: how safe is it, what will be the impact?
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Xahaud 2024.1.25-release+738 is out. Please update your nodes
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Idea of the day: Evernode decentralized encyclopedia (Everpedia). A curated and indexed set of encyclopedia articles maintained by an Evernode cluster. The UNL of the cluster forms a DAO (managed by a Hook) which provides for selection of moderators, dispute resolution and
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Remit is live. I sent 99 HLO and 100 WRL to
@alloynetworks
earlier. (He didn't have trust-lines for either of these tokens.)
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Changes we're currently making to Evernode: 25gib storage minimum per instance. Two general purpose TCP and UDP ports per instance. Higher minimum memory per instance (yet to be decided). Custom docker images (already in place but not documented). Better documentation. 1/2
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@janine_hendry
Are girls also going to be kicked out of school for their private opinions about boys?
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Idea of the day: Evernode decentralized monitoring and notification service. Users submit monitoring scripts (js) to a cluster that can monitor almost anything that's publicly accessible: a url, a server, an account on a blockchain, an orderbook, etc. They pay a monitoring fee
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@Santiag78758327
It enables all sorts of break through retail use-cases. Like loyalty points, vouchers, event specific tokens, and more. Anything where your customer probably doesn't have an existing account or blockchain experience. Make a keypair then send them without fuss. Give them a card
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This is my life right now, unit testing every possible thing someone might do to the Governance Hook 🫣
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Someone bought my first Nokia URIToken 👀
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Idea of the day: Evernode decentralised CDN. Users who want to store data in a no-single-point-of-failure manner can submit their data along with a maintenance fee (held on deposit in a hook) to a CDN contract. Nodes in the contract decide which content to host and provide a
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9/ We call this mechanism burn2mint. It is user driven, user operated, middleman-free and self-sovereign.
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@BenFordhamLive
Simply defund the ABC. Anything else is a completely pointless additional waste of money. There is no reason a government should run a news outlet. The conflict of interest is immense.
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@BenFordhamLive
That's what happens when engineers are not involved in policy decisions. Any engineer could have told you that the power needs somewhere to go. Solar panels should have all be installed alongside house batteries.
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@JoelKatz
I remember the AMM being discussed in 2018. I think it's been 6 years from concept to enabled feature?
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Nice to see more projects launching in the XRPL ecosystem!
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@ShortTheFOMO
I have to say I wasn't particularly worried about the ledger during this whole thing. But lots of other people were. TxQ and fee escalation code work properly now, and were fixed correctly since last time. I think this proves that.
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@pumplekin
@UK_Daniel_Card
The whole thread is just dunning Kruger. “Writing a website in C/++ who would do that?” What do they think web servers are written in…
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@DarkhorseDNME4
@linqtoinc
The future of blockchain is horizontal scaling with seamless asset and data interoperability. It is not feasible or advisable to put all traffic and all features on a single chain. Don’t be a monochain maximalist.
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👀
Africa |
@Ripple
net
CBDC + Payments
Diaspora Bank Project
Curious
@JoelKatz
on the 5% "automatically" allocated through a "HOOK,"sounds like a smart contract action. Are they using same hook logic for example in
#XRP
Ledger carbon offset? Or is it a
@XahauNetwork
HOOK? Or?
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Wow! 🍻
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🧐 Some of CT's esteemed gas token speculators think that they will devise the perfect combination of words that will somehow prevent the launch of the software we spent 3+ years building, Xahau. I promise you that no such sequence of words exists 😇 don't even waste your time 😅
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If you run an older version Linux in your production environment then Ripple's builds might not work for you. In that scenario XRPLF's portable builds probably will work as a drop-in replacement. This should not be used as an excuse for running insecure operating systems though!
Just an FYI - the portable binary for rippled 1.12 is now available on the
@XRPLF
repository:
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@KhaledElawadi
Yes, lets transfer what little governance XRPL has to some passive large holders, instead of listening to the legitimate concerns of the technically minded people who spend their own time and money maintaining the network. That will definitely improve the situation.
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For those interested in Clawback on Xahau: I'll be proposing a different implementation that allows Issuers with the asfAllowTrustLineClawback flag (at the time the trustlines were created) to unilaterally make a negative payment against holders of their Issued currency. These
@RichardXRPL
is 56B241D7A43D40354D02A9DC4C8DF5C7A1F930D92A9035C4E12291B3CA3E1C2B open to vote on at Xahau?
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8/ If the Import amendment (and in this case Hooks) is ever accepted onto mainnet it would also be possible to burn the asset on the sidechain and re-mint it on the mainnet.
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Has anyone built a synthetic stable coin pegged to a basket of currencies like SDR? If not why not? Such a coin would allow safe storage of funds for longer terms without unnecessarily high exposure to specific fiat currency printing. Call it the Big Mac coin
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100 evernodes!!! 😎💯
Short Update (in 4 parts):
1. Bit of a milestone - we’ve reached 100 active hosts on the betanet.🎉 Thank you to all!
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@shenxcrypto
@ekiserrepe
There’s more features coming more quickly to xahau. It’s like the “fast lane” for the protocol.
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@Vet_X0
I hope people don't find this to be anticlimactic when enabled. I really hope people don't put their funds into AMMs with a misunderstanding of how they operator or what is at risk.
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3/ Migrating value between layer-1 chains is hard, both legally and technically. Legally the transfering parties must be prevented from becoming a custodian of funds (or a money services business) and technically must avoid creating a (potentially hackable) honey pot.
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Idea of the day: Evernode crypto-friendly decentralized chain-agnostic DNS. There are various competing crypto domain extensions like .eth, .bit, .xrp, and so on, that currently exist on separate chains and are accessed via separate servers and software. An Evernode cluster could
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@BenFordhamLive
Freedom of association and freedom of speech are the most protected human rights after freedom of bodily autonomy. I guess they already destroyed the last two...
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Technically an issued currency not an IOU but yes 😇
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💡Many blockchains (including the XRPL) suffer from over-focus 🧐on fine details. Enter the Train Ticket Test 🚄 1. Could an ordinary person use this tech to buy a train ticket? 💸2. Would they care about feature/detail F? If not, F is much less important than you think it is🤓
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2/ XPOP stands for XRPL Proof Of Payment, but it is more than just a proof of payment, it is a general proof that a transaction on the XRPL happened. XPOP uses the validators' own signatures as attestation instead of requiring seperate witnesses as in other models.
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@XRPNeverMined
Absolutely nothing. Send URITokens and Issued Currencies (together in the same txn if you want.) Destination doesn't need to exist, trustlines don't need to exist, URITokens don't need buy offers. Sender covers reserves.
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@JillBelch
Settlements are normally built in a flood plain because that's where the good farm land and water is. Then eventually it floods again. Welcome to planet earth.
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5/ In the case of XRP, the sidechain according to protocol can mint the same XRP, to the same account that burned it. However while building this we realised it is also possible for other asset types to be burned and then reminted, depending on those projects' migration planning.
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@rationalaussie
Aussie needs to take the Swiss route here. It's not optional, we need to elect politicians that make Australia independent, not a party to whatever stupid war is already here or coming.
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@CraigKellyPHON
I vote that all officials the world over responsible for illegally mandating experimental medical procedures are put into a facility, and all new drugs are tested on them. They can live out their years paying off their debt to humanity in this way.
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