OK good deal, I was under the impression almost all the validators were big financial institutions or Ripple, I'm glad to see I'm wrong there. I'm not sure if this site is right but it says there's 115 validators on mainnet.
Replacing the SWIFT system would be an improvement to today.
Has Cross Transfer gone online yet and being used actively by banks or is it still tied up from the court case? Is it only for banks to use or can a regular bank user use XRP for cross transfer fiat?
FIs are adopting it in part because it has 80M closed ledgers since 2012 without error or hack.
Has the blockchain ever had a time it was shut down? That's much better than Solana or even Ethereum (with it going backwards after DAO hack).
Vitalik Buterin got the idea for Ethereum Smart Contracts back in 2013 or 2014 when interning with Ripple over the summer. Apparently XRP had smart contracts they were working on and shelved the idea. Vitalik took the idea and made Ethereum.
I've seen at some point in the last couple of years XRP was working again on Smart Contracts in C++ but I saw no developed Dapps at the time. Do you know if that's changed at all? Or why they shelved it to begin with?
Also another question for the cross transfer, where are the currencies being converted? If I did a cross transfer of USD from American to Indian Rupies at an Indian Bank, that money doesn't magically appear there.
US bank would have to convert US to some digital equivalent and send the digital money to the Indian Bank on the network.
The Indian bank gets that digital equivalent and redeems it for actual Rupies somewhere.
I heard dapps are in the works but their focus at least thus far is institutional. I personally saw my own fiat exchange using the exact same method go from days to 9 seconds end to end for a B2B xfer so I know its in use beyond just reading articles and there a plenty of articles that such n such currency xfer co. has/is/will adopted it. It's running even during the suit which imo is just laid against them to slow them down while chase tried/failed to make their own solution.
OK good deal, I was under the impression almost all the validators were big financial institutions or Ripple, I'm glad to see I'm wrong there. I'm not sure if this site is right but it says there's 115 validators on mainnet.
https://xrpscan.com/validators
Replacing the SWIFT system would be an improvement to today.
Has Cross Transfer gone online yet and being used actively by banks or is it still tied up from the court case? Is it only for banks to use or can a regular bank user use XRP for cross transfer fiat?
Has the blockchain ever had a time it was shut down? That's much better than Solana or even Ethereum (with it going backwards after DAO hack).
Vitalik Buterin got the idea for Ethereum Smart Contracts back in 2013 or 2014 when interning with Ripple over the summer. Apparently XRP had smart contracts they were working on and shelved the idea. Vitalik took the idea and made Ethereum.
I've seen at some point in the last couple of years XRP was working again on Smart Contracts in C++ but I saw no developed Dapps at the time. Do you know if that's changed at all? Or why they shelved it to begin with?
Also another question for the cross transfer, where are the currencies being converted? If I did a cross transfer of USD from American to Indian Rupies at an Indian Bank, that money doesn't magically appear there.
US bank would have to convert US to some digital equivalent and send the digital money to the Indian Bank on the network. The Indian bank gets that digital equivalent and redeems it for actual Rupies somewhere.
I heard dapps are in the works but their focus at least thus far is institutional. I personally saw my own fiat exchange using the exact same method go from days to 9 seconds end to end for a B2B xfer so I know its in use beyond just reading articles and there a plenty of articles that such n such currency xfer co. has/is/will adopted it. It's running even during the suit which imo is just laid against them to slow them down while chase tried/failed to make their own solution.