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Cathie Wood: Stable Coin Payments without privacy don’t work 💥 “Do you remember R3” Cathie points out the need for privacy. If entities see payments on the move in stable the market moves. This also shows the need for XRP. If the peso to RLUSD moves you can reroute...

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Jungle Inc Crypto News

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29,211 просмотров • 7 месяцев назад •via X (Twitter)

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This is SO cool !! I just used up for voting amendment XLS-96 Confidential Transfer / privacy on the XRP Ledger dev net enabled by homomorphism and ZK proofs. What's going on here and how do nodes know payments are correct while not able to see the amounts ? 1) I issued a confidential MPT on the XRP Ledger dev net. I shielded my balance. Privacy for the amounts of my XRPL issued asset balance and transfers (the addresses stay public). No one can see the amounts, it's all shielded, except the issuer and the auditor who can always decrypt them (or you, like in the video on my esp32). 2) The XRP Ledger uses 2 boxes 📦 for this all under the hood, an Inbox-box and a Spending-box. I don't go into detail why thats needed but it's important we have it. 3) How do Validators and nodes know the transfers are correct if they can't see the amounts? Now the true magic is enabled by homomorphism. It allows to do operations arithmetic on encrypted data as if it were plaintext, without the need to decrypt it. Like adding and subtracting amounts to your balance. ZK proofs fill the gap that nodes need. We need a comparison of the balance that after you have done your payment you have >= 0 balance. If you would have negative balance it means you trying to spend more than you have something we need to prevent. For this a ZK proof is used to quickly allow people to check, ahh all good, no idea how much Vet owns but whatever he is spending here it's definitely within his balance and it's not below 0. Those 2 techniques soon on a public decentralized blockchain XRP Ledger. Should give you goose bumps what this means for possible use cases.
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This is SO cool !! I just used up for voting amendment XLS-96 Confidential Transfer / privacy on the XRP Ledger dev net enabled by homomorphism and ZK proofs. What's going on here and how do nodes know payments are correct while not able to see the amounts ? 1) I issued a confidential MPT on the XRP Ledger dev net. I shielded my balance. Privacy for the amounts of my XRPL issued asset balance and transfers (the addresses stay public). No one can see the amounts, it's all shielded, except the issuer and the auditor who can always decrypt them (or you, like in the video on my esp32). 2) The XRP Ledger uses 2 boxes 📦 for this all under the hood, an Inbox-box and a Spending-box. I don't go into detail why thats needed but it's important we have it. 3) How do Validators and nodes know the transfers are correct if they can't see the amounts? Now the true magic is enabled by homomorphism. It allows to do operations arithmetic on encrypted data as if it were plaintext, without the need to decrypt it. Like adding and subtracting amounts to your balance. ZK proofs fill the gap that nodes need. We need a comparison of the balance that after you have done your payment you have >= 0 balance. If you would have negative balance it means you trying to spend more than you have something we need to prevent. For this a ZK proof is used to quickly allow people to check, ahh all good, no idea how much Vet owns but whatever he is spending here it's definitely within his balance and it's not below 0. Those 2 techniques soon on a public decentralized blockchain XRP Ledger. Should give you goose bumps what this means for possible use cases.

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In this video, the Bank of International Settlements discusses the three key characteristics needed for a third-party currency for cross-border payments: 1. Messaging/Payment Interoperability – XRP addresses this through ISO 20022 compliance, ensuring seamless communication between different payment systems.✅ 2. Sufficient Liquidity for Cross-Border Payments – XRP meets this need by providing access to unlimited liquidity, ensuring efficient and fast transactions across borders.✅ 3. Global Cross-Jurisdictional Interoperability – XRP achieves this through its established professional relationships with internationally regulated financial entities, ensuring smooth operation across multiple jurisdictions.✅ These are the very traits that make XRP the best candidate to address the needs outlined by the BIS for global payment systems.💎 Listen very closely.💯

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You should judge your performance on the moves you made, win or lose doesn't matter. Did you make the best move on the board, yes or no. If you did, you can be proud. And the truth is, if you always make the best moves, you always win in the end anyway.
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You should judge your performance on the moves you made, win or lose doesn't matter. Did you make the best move on the board, yes or no. If you did, you can be proud. And the truth is, if you always make the best moves, you always win in the end anyway.

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