Any comparison btn Overledger and ripple interledger...?

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Quant Community Channel

Threat_ X

Any comparison btn Overledger and ripple interledger...?

#cryptocurrency #english #quant

0

06.10.2023

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Jay811 4559220

One is the Internet of Trust and the other one is the Internet of Value

0

06.10.2023

QUANT PAPA

GILBERT VERDIAN: No, it is very different. ILP is a is a P2P protocol for payments between different assets and different blockchains doing hash time locks, and whatever. Ripple and Bitcoin are one of the early use cases. That is good for a payment use case, but what we are doing is, if you think of ILP as you are sending a message between you and your friend, it is the interaction between you two in terms of the two parties. What we are doing is the core level, how does that one network have a gateway to understand and find resources to another network, which also has a gateway? How do those networks talk to each other at the internet scale level? Think of it as Border Gateway Protocol for money. 00:48:18 BGP is quite a quite a good technology, and it works. We are creating the protocol and the methodology to find and identify networks. With ILP, you are sending something from Ripple to Bitcoin, you know where they are, but on the internet scale, how do you know where that digital asset or the party B is that you want to send to? You need to find them. You need to find the route between the different networks to identify that digital asset, and how do you transact across those gateways. That is what is happening, which is much, much larger.

0

07.10.2023

QUANT PAPA

https://www.realvision.com/shows/cryptoverse/videos/enabling-enterprise-adoption-pushing-crypto-into-the-mainstream-W1Lv?tab=details

0

07.10.2023

Mario · Accepted Answer

Mario

One is for DLT integration, one is for payments

0

06.10.2023

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Any comparison btn Overledger and ripple interledger...?

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