Since it can be sent with radiowaves it is properly decentralized. Communities can exist on different planets and use XRP offline as long as they come online now and then and let the ledger be updated. The consensus protocol with itโs 80% democratic consensus drive that has 14 days with 80% consensus without changes for a change to be made is the ultimate decentralized decision making.
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With Bitcoin and Ethereum one big player that has enough electricity and computerpower and reaches 51% miningpower can dominate/manipulate code on the network. That is one of the reasons they are buying XRP for one.โฎ๏ธ๐๐
11/ In summary, XRP and allied blockchains offer a path to modern, secure, & fast payments with minimal disruption. As scalability improves, blockchain-based systems can power global everyday transactions efficiently.
1/ Blockchain tech like XRP, Solana, & Hedera Hashgraph (HBAR) could transform global payments. XRP settles transactions fast (3โ5 seconds) and supports ~1,500 TPS natively โ ideal for scaling payment networks.
10/ Visa/Mastercard TPS includes many non-settlement tx adding overhead. XRPโs rapid finalization is a strong advantage, and scaling tech can help match high volume needs.
9/ No single blockchain tries to handle every global tx alone. Instead, a multi-chain ecosystem with specialized chains enables scalability and reliability.
8/ Different blockchains play complementary roles: Solana might batch txs to increase throughput; Hedera could handle fraud checks & identity verification. Refunds & reversals get recorded transparently on-chain.
7/ Central Banks can issue 1:1 fiat-backed CBDCs on XRP, integrating official digital currency seamlessly into current systems without user disruption.
6/ Apps could mimic banking interfaces for checking balances, payments, and refundsโall powered by XRP. Custodial wallets (e.g., Coinbase) help users avoid complex key management.
5/ Offline XRP payments can work with NFC cards like contactless credit cards, which sign transactions offline. They broadcast when online, requiring little change to existing retail terminals.
3/ XRP records only 1 final settlement per payment, reducing overhead compared to card networks. This efficiency makes blockchain attractive for payments.
2/ Visa & Mastercard handle thousands of TPS worldwide. Visaโs max theoretical TPS is ~65k-70k, but real-world peaks are closer to 24k TPS. These include many non-money tx like authorizations & fraud checks. Actual money transfers are fewer.
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