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Showing posts from 2019

THE DEATH OF FIAT – WHY BLOCK CHAIN MATTERS!!

  The advent of block chain technology has ushered in a movement that is reshaping the global financial land scape as it were.   The way money and value is perceived, used, transferred and acquired is changing and it is doing so at an unprecedented rate. For the average mind, money is the reserved bank approved paper or coin in his/her hand. This understanding is at best a distorted view of what money actually is. The interesting thing is, this is what he government will rather have you think. It is a complicated con game of ignorance embedded in modern civilization. This state of mind is a great tool for manipulation in the hands of the government.     Block chain has ushered in the dawn of a new era in the world of monetary policies; how it is used, understood and transferred. Unfortunately, the number of those who can see through this veil is on the decline – thanks to the crypto bubble. As the internet bubble of the 1990’s so was the crypto bubble of 2018. Sadl

XRP - A AUTOBRIDGING CURRENCY!

''One of the XRP Ledger's most powerful features is the native ability to use XRP as a bridge currency on a decentralized exchange, whether for trades or for cross-currency payments'' - David Schwartz, CTO Ripple. A bridge currency provides a convenient means of sourcing for liquidity in other form of currency fiat or digital, and support the link for different DLTs interoperability. The ability of the XRP ledger to send value to any XRP ledger address, non XRP ledger addresses and banks without the need of a gateway or external liquidity provider makes the XRP a convenient bridge currency, and the only one in this category currently.  The more advanced auto bridging feature how ever, deepens the level of liquidity for the XRP ledger by providing access to decentralised exchanges '' by  merging order books of two issued currencies with XRP order books to create synthetic combined order books'' - (ripple). Example of Autobridging;