The world largest decentralized exchange by volume is XRPL Ecosystem. FRX is integrated and traded inside this ecosystem. Remember when Bitcoin forks and Ethereum created ICO tokens grew a big and large ecosystem? XRP and its assets build on distributed ledger are yet to come in the future!
If you believe in XRP Ledger grows so you should be positive about FRX Coin future also!
FRX is 99% decentralized. PIE counterparty couldn’t control coins any more all secret key’s are lost and burned forever. Amount of coins are limited also. More FRX coins can’t be minted anymore! Trust lines and FRX coins could not freeze anymore ever! Coins are traded in the largest decentralized exchange inside the XRP Ledger and will be there all the time!
What is the use case?
As soon as large amount of people will join FRX counterparty and will be able to hold and use coins for their own uses. It could be used for ecommerce and online payment solutions. The speed of FRX is the same as speed of XRP it could handle 50 000 transactions per second with 0.000012 drops for commissions.
It could be used for banking services and p2p payments. It could be listed and traded on the exchanges with XRP integration. It could be used as voting contracts and payments inside gaming industry. You find your great use case for FRX Coins in the future! It is created to be used.
In April 2021 we will go for full 100% decentralization and will shut this web-site down. FRX would reborn like Phoenix from the ashes as fully decentralized system. Community and crypto enthusiast will continue this project to go on forever! As soon as XRP Ledger will exist so FRX coins will exist and will never disappear from the new worlds digital ecosystem. It could be intigrated and traded on “XUMM” mobile application and others.
The community will control and create new web-site and share use cases and applications! Full 100% freedom and decentralization inside XRP Ledger.
XRP Toolkit v2: Non-Custodial Trading on the Decentralized Exchange
The first XRP Toolkit beta was released more than a year ago and a lot has happened since then. The original XRP Toolkit creator founded Towo Labs, recruited a small team and began implementing new hardware wallet firmware and a new version of the XRP Toolkit. The reimplementation features complete support for signing transactions using Xumm, Ledger Nano S and Ledger Nano X. The first round of testing with ~50 users has just been completed and the second round of testing is about to begin. If you’d like to participate, signup as a tester through this form: https://forms.gle/m42d4UmrHc3CVWNt6
Signing an order for the decentralized exchange using the Xumm app by XRPL Labs.
The new Ledger firmware by Towo Labs supports signing trade orders for the decentralized exchange, XRP escrows, account settings, trust lines, cross-currency payments and even common transaction fields like memos. Everything that’s possible to do on the XRP Ledger is supported by the new Ledger firmware. If you want to be the first to know when Towo Labs new firmware becomes publicly available, keep an eye on this pull request: https://github.com/LedgerHQ/ledger-app-xrp/pull/8
Ripple Reveals New Details on Mysterious Cryptocurrency Trading Platform
New information on Ripple’s next-generation crypto trading platform continues to trickle out via the company’s job postings.
Ripple is currently looking for a liquidity staff software engineer to join the project’s team. According to the application, the “enterprise-grade” distributed trading platform will provide real-time access to crypto markets and Ripple products.
Ripple chief technology officer David Schwartz says that the company is pushing to make it easy for anyone to launch asset-backed tokens on the XRP Ledger. However, it remains unclear exactly how the trading platform will work with ODL.
Ripple continues to target more use cases for the XRP Ledger, acquiring the Logos Network in September of last year to help the payments startup create decentralized finance platforms on the ledger.
Ripple is also still seeking a product manager for a separate initiative announced late last year called RippleNet Home.
The San Francisco-based startup says the product is designed to give financial institutions on its network a hub they can use to analyze data on their fiat and XRP transactions, as well as connect participants with one another.
The product manager is tasked with writing “feature specs” for the product and communicate directly with the engineering team about development.
Ripple is highlighting a growing list of use cases for the XRP Ledger.
In a new blog post, David Schwartz, the company’s chief technical officer, says developers are working to take advantage of XRP’s ability to settle in a matter of seconds.
The CTO points to Coil, a decentralized web content monetization platform utilizing XRP to offer online publishers more control over their work and allow fans to reward content creators using the digital asset.
Schwartz also calls out several platforms.
- Puma, a privacy-focused web browser with native web monetization support
- XRPtipbot, a popular platform for users on Twitter, Reddit and Discord to send XRP to one another by entering a string of commands
- CoinGate, a payments processor that allows consumers to pay merchants with cryptocurrencies
- Raised in Space Enterprises, an investment group that uses XRP and blockchain to fund entrepreneurs in the music space
In addition, Schwartz points to XRP’s role in RippleNet, Ripple’s global payments network. The company has said more than 20 of its customers plan to use xRapid, their XRP-powered cross-border payment product.
Schwartz says he believes the ledger’s Consensus Protocol has distinct merits that contrast with proof-of-work blockchains like Bitcoin.
“The ledger makes it easy for anyone to run a validator and use the consensus to approve new transactions. As a result, more people can participate and transactions typically settle within a few seconds. This design was driven by the payments use case — where rapid and cheap transaction finality addresses real use needs.
In contrast, blockchains based on proof-of-work have different considerations when it comes to attributes such as finality and speed. Those with the most advanced hardware and cheapest energy sources have come to dominate the process by choosing which transactions to execute, and maintaining a decentralized ledger in this way has proven expensive and slow.
Consensus has shown the opposite — the XRP Ledger has become more decentralized over time — and can complement other blockchain technologies by offering fast, inexpensive transactions.”
The CTO also references the news from earlier in the month that XRP’s number of settled ledgers had exceeded 50 million.
Detractors say Ripple’s ownership of more than half of all XRP in existence inherently makes the digital asset more centralized than Bitcoin.
Critics also point out that most of Ripple’s 200-plus customers continue to use the company’s separate payment messaging system xCurrent instead of the XRP-powered xRapid.
Ripple argues that xRapid has the potential to give big firms and financial institutions a way to quickly move value across borders without having to hold pools of money in various bank accounts around the world, and says it will take time to build liquidity and ensure the solution is compliant with each country’s regulations.
Schwartz’s words come on the heels of Ripple’s recent controversy among members of the currency’s online community. Some have slammed the company for its monthly over-the-counter sales of XRP. In response, Ripple says the sales fuel initiatives and support projects that will help build support for XRP and the crypto asset industry at large.
One crypto Twitter personality went so far as to start a petition calling on Ripple to stop the practice, which he says crashes the currency’s price. It currently has about 3,690 signatures.