Seen a bunch of posts about hooks+evernode vs flare.
Building in this space is hard. Nobody knows what truly works yet. You’re dancing naked in public and a little humility is necessary.
Hooks + Evernode is my best bet as to what will work. That doesn’t mean I *know* it will work or that it is better than other projects. But it is a powerful combination.
Hooks are small bits of code that automate an XRPL Account to apply rules to whether a transaction is accepted or emitted by that account before that transaction enters the ledger.
Evernode is a decentralised consensus-as-a-service hosting network that transforms normal Apps into hyper-flexible, hyper-scalable dApps. Each dApp becomes a mini-UNL consensus blockchain made up of multiple linux machines that can do in concert almost anything a stand alone linux machine can do on its own.
Together these two bits of technology offer cheap, fast, secure, flexible, scalable options for building smart contracts and decentralised businesses in a way that is compatible with the XRP ecosystem (for example, Evers will accessible through your XUMM wallet).
Hooks + Evernode will launch on a sidechain built from XRPL DNA. It will let you “use” your XRP in the limited sense that you can burn XRP to mint a matching number of native tokens on the sidechain - you can think of it as holders of XRP governing the main mechanism for determining the supply of the sidechain’s native token.
Flare is a different approach to essentially the same problem - how to give tokens access to use-cases not permitted by their native chain. It attempts to give XRP a smart contracts use-case by allowing XRP holders to lock up XRP in exchange for minting a matching wrapped asset on an evm-compatible chain. It is ambitious project that depends upon state oracles to confirm whether an asset has been locked up on its native chain. Flare started as XRP centric but has expanded its vision to incorporate almost any asset, and why wouldn’t you?
Hooks + Evernode gives you something entirely new and powerful within the XRP ecosystem at the cost of a one-way burn2mint. Flare takes your XRP out of the XRP ecosystem and gives you access to evm smart contracts, with all the limitations evm that implies but with the benefit of being compatible with the broader evm ecosystem (hence you need a metamask wallet not a XUMM wallet for Flare).
It’s horses for courses as the industry collectively searches for the “killer” use case.
🪐Celestial Voyage🌌
As the Samurai travel the stars, memories of the journey were recalled.
A small unique collection coming soon by Physical Digital #NFT.
#AI#aftereffects#cosmic
Saturday, time to be announced soon :)
What's a Multi-chain Smart Meta-phygital?
#FLR#XRP#XDC#XPR#SGB#MATIC & including #AI + #Metaverse
More chains with future #phygital katana's.
VIDEO 👇
https://t.co/YsZf1mKKFZ
@MoonLamboio Two separate issues. XRP is not a security. Period.
But if the SEC wins the appeal on sales, then Ripple couldn't use exchanges to facilitate sales. And the big Q: would exchanges keep XRP listed? I think yes, as long as they can verify the sales are not being made by Ripple.
For everyone who is interested in the mechanics of how the Burn To Mint mechanism of #XRP on the #XRPL to a sidechain works please watch this video that @woj4ke created. While your at it please reward the man with a follow for the energy he put into this effort to level up our knowledge. We as a community are lucky to have people like this who dedicate their time, energy and knowledge into making content like this. https://t.co/9eVdaHyrX2
How did i miss this? 🤯😱
Right after my interview with @Jay_SpendDBits was one released with @ZachRector7!
@Spend_The_Bits won the Ripple #CBDC hackathon.
A must watch!
Want good info?
Get closest to source you can.
https://t.co/Zlhmk13mx4
Trying something new – some thoughts from me on the events (specifically the release of the Hinman documents) of this week. For me, this has all had a personal bent to it - and felt like it warranted some personal comments.
🤯👉Here's some additional details about how xPOP B2M(Burn to Mint ) onto any "XRPL Protocol Side Chain" like Hooks Smart Side Chain. Uses NATIVE #XRP. This should quell some of misinformation going around. It's NOT a bridge or IOU. A true Multi-Chain ecosystem of XRPL PROTOCOL SIDE CHAINS.
Many might not be aware of this but xPOP Burn 🔥 to Mint is technically how every transaction over the Mainnet XRPL works now. It's burned from sender account and minted into receiving account. The XRPL Protocols accounting system and invariant checker are designed so that absolutely no new XRP can ever be created. This why 3-5 settlement speeds. xPOP will expand XRPL mainnet to a multi-Chain network of networks of XRPL chains using native XRP. But each side chain can have its own governance, Fee model, amendments enabled and more.
Now imagine a Layer 2 network of Dapps running in their own decentralized mini blockchain hotpocket clusters hosting smart contracts in any programming language. That's @EvernodeXRPL can do and so much more utilizing 3 🪝 HOOKS to manage distribution of $EVERS, Governance of Evernode, and HOOKS connects it to XRPL to use as a decentralized Registry for all Hotpocket Hosts
Introducing Provider Cards 🃏
#ProviderCards are a new way to visualize #FTSOProvider data through a quick and glanceable format - coming soon to our Epoch Dashboard 2.0 and new FTSO Metrics page 🔥 (1/12)
For those of you able to mint the FLR celestial visage at a significant discount, congrats!
Minting Visage has now been disabled.
A limited collection of 99 🥰
Next will be the katana phygital giveaway.
Currently 72.38% of the available circulating supply (12.39 B of 17.12 B FLR) are wrapped, with 158.21M FLR already burned. Additionally, 361.38M FLR are still unclaimed, including 161M from Drops to the community, 142M from escrow and 25M from FTSO rewards. #FlareNetwork#Flare
Message from the Celestial Samurai:
A vault case of sufficiant durability has been found on your planet for containment and transportation of a more earthly nature.
Blade and sleeve will live within. Special fabric chosen to contrast the nature of these items.
Crypto will thrive with or without the U.S.
Congress must step into the driver’s seat and pass a bill that provides the American people and industry with regulatory clarity, certainty, confidence, and competitiveness. Anything less is unacceptable.
Watch my Committee remarks:
📢 GIVEAWAY - JOIN AND WIN🤞
17500 SGB 🤯 ($100 USD...) 1 WINNER. Has to also be a Discord member🚨
✅ Join Discord https://t.co/ebOxINIqyA
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⏰24Hrs
1/ It’s been 5 years since Bill Hinman gave his infamous speech – and through the SEC’s lawsuit against @Ripple (and 7 court orders), we can finally share what happened behind the scenes through the now public emails / drafts of the speech.
SEC v. RIPPLE LABS INC., BRADLEY GARLINGHOUSE, and CHRISTIAN A. LARSEN
This link will take you to the page where all the new filings are appearing. So far, 6 new documents filed today.
https://t.co/zzbNsrMzIm