XRPL sidechains $XRP are set to become an ideal tech backend for CBDC, here's why w/ woj4ke XRPL
He stressed that governments will definitely need centrally controlled networks for their CBDC developments. However, such platforms can't be built from scratch: they would lack a userbase and liquidity inflow.
Federated Sidechains by XRP Ledger can solve these problems as they can implement every logic, idea and governance architecture required for its issuers.At the same time, Federated Sidechains are flexible and adjustable when it comes to use cases, adoption and interoperability with mainstream blockchains:
XBridge enables the transfer of assets across different ledgers . A federated sidechain can be centralized or decentralized, open or private, its validators can follow any consensus mechanism. Any feature can be implemented to enforce law and regulationHowever, XRP Ledger is not mature enough to onboard such a complex infrastructure"as is": it should gain a userbase, liquidity and"talents" for next phases of development.
As of Q4, 2022, the XBridge amendment that would activate the Federated Sidechains design is being reviewed and tested in the Rippled codebase, Mr. Jack added.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
BTC, XRP and SOL Price Analysis for September 9Are there any altcoins that can show the same performance as BTC? XrpYoyo ANT159694954 nuonrg WillyWonkaXRP RippleXrpie
Read more »
Jake Paul, UFC legend Anderson Silva set for boxing match in OctoberJake Paul, the YouTuber turned boxer, is set to face off against UFC legend Anderson Silva at Gila River Arena in Glendale on Oct. 29.
Read more »
Jake Tapper slammed for suggesting Biden invite Trump to queen's funeral'I think that the clever move is to invite him and see if he goes,' the CNN personality suggested for an awkward situation facing President Joe Biden.
Read more »
Millie Bobby Brown’s full relationship timeline with boyfriend Jake BongioviThe actress and the son of rock royalty first sparked dating rumors in June 2021 and have since been going strong, continuously flaunting their love.
Read more »
Dana White Slams Jake Paul Vs. Anderson Silva Fight, 'I Don't Care About That'Dana White is making one thing clear -- he's absolutely FED UP with talking about Jake Paul.
Read more »
‘Strange World’: Jake Gyllenhaal, Dennis Quaid And Lucy Liu Preview Walt Disney Studios’ New Animated Film At D23Walt Disney Studios previewed its upcoming animated offering Strange World at D23 Expo today. The film includes characters voiced by Jake Gyllenhaal, Dennis Quaid, Jabouki Young-White and Lucy Liu,…
Read more »