In a post on X, software engineer and blockchain advocate Vincent Van Code publicly endorsed what he described as the most comprehensive single-page explanation of XRP, the XRP Ledger (XRPL), Ripple, and their associated technologies. His post addressed both newcomers and long-time supporters of XRP. He also encouraged the community to read the document thoroughly, emphasizing its depth and clarity. Van Code provided a direct link to the 21Shares blog post titled “XRP: SWIFT on the Blockchain”, asserting its critical value for anyone seeking to understand XRP’s role in modern finance. He candidly remarks about readers’ commitment to understanding the ecosystem: “Be honest with yourself, if you get bored or don’t bother reading it, you really shouldn’t go anywhere near XRP.” Overview of the 21Shares Document The article linked by Van Code offers a structured and technically grounded explanation of the XRP Ledger, Ripple’s technology stack, and the broader financial ecosystem in which these components operate. It opens by framing the XRPL as one of the earliest blockchain networks, having launched in 2012. Developed by Ripple Labs, XRPL was specifically designed to improve the efficiency of traditional financial systems. It underpins RippleNet, a global payments network that benefits from the ledger’s high speed and low transaction costs. The native token XRP is an essential component of XRPL’s operation. It is used to pay transaction fees, deter spam, and as a bridge asset for cross-border transfers . With transaction costs typically measured in fractions of a cent, the XRPL is positioned as one of the most cost-effective blockchain platforms today. Functional Scope of the XRPL The blog entry expands on XRPL’s multifaceted capabilities. Beyond its core function in facilitating cross-border payments, the network also supports tokenizing real-world assets (RWAs), decentralized exchange functions, escrow mechanisms, and built-in compliance tools. These features make the XRPL suitable for complex financial applications, including liquidity provisioning and decentralized finance (DeFi). Native support for NFTs, synthetic assets, and stablecoins also positions XRPL as a competitive platform for broader asset management use cases. While the XRPL base layer does not support arbitrary smart contracts, this was a deliberate decision to preserve security and stability. Instead, the XRPL integrates Ethereum-compatible sidechains that support smart contract functionality and expand use cases without compromising the main ledger’s performance. How the Network Operates The document offers a detailed explanation of how the XRP Ledger achieves consensus. It does not rely on energy-intensive mining or wealth concentration, as seen in Proof-of-Work or Proof-of-Stake systems. Instead, XRPL employs a unique consensus protocol that enables fast and secure transaction validation without heavy computational overhead. This operational efficiency is a key reason for its longstanding viability in enterprise and institutional use cases. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Ripple’s Product Suite: RippleNet, xCurrent, xRapid, and xVia The piece outlines how RippleNet connects financial institutions and payment providers through a unified network that enables real-time fund transfers. Within RippleNet , products like xCurrent, xRapid, and xVia serve distinct roles. xCurrent allows for real-time cross-border payments using banks’ existing infrastructure. xRapid utilizes XRP to provide liquidity on demand, reducing the need for pre-funded accounts. xVia offers a simplified interface for businesses to send global payments with added metadata like invoices. Each solution contributes to a cohesive strategy to replace outdated financial messaging systems like SWIFT with a blockchain-based alternative faster, cheaper, and more transparent. Institutional Adoption and Future Outlook The document further explores the growing institutional interest in RippleNet, including partnerships with central banks and the tokenization of U.S. Treasuries through a collaboration with Ondo Finance. It also highlights Ripple’s RLUSD, a U.S. dollar-pegged stablecoin, that broadens XRP’s utility in retail and institutional markets. By showcasing Ripple’s expanding suite of financial products, its alignment with global regulatory trends, and its ongoing technical development, the document makes a compelling case for XRP and XRPL as foundational tools in the evolution of cross-border finance. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post 21Shares Clarifies XRP’s Role in Modern Finance appeared first on Times Tabloid .
