HOW THE PRIVATE XRPL FEDERATED SIDE CHAIN WORK (" PRIVATE LEDGERS")

In this episode, CryptoRick discusses how the Federated Side Chains work (the private XRPL side chains "ledgers").

Effectively the nodes are elected by a quorum of "federators" who guard the walled garden between the private and the public XRPL network. They can agree on a consensus without the public nodes and thus are prone to individual price consensus, tokeonomics consensus, and even the election of their own native asset. They may elect to use XRP or not. The XRPL token can be any token or not token through patented Ripple technology.

Sources of information:
https://ripple.com/insights/ripple-pilots-a-private-ledger-for-central-banks-launching-cbdcs/

https://ripple.com/solutions/central-bank-digital-currency/

https://onxrp.com/the-private-xrpl/

https://ripple.com/insights/a-vision-for-federated-sidechains-xrp-ledger/

Join us for another episode of CryptoCurrent With CryptoRick .
Subscribe to CryptoCurrent:
YouTube: https://youtube.com/@Crypto_Current
Join our Free Discord and check out our merchandise store (Details below)
=========================================================
NEW MERCHANDISE ⬇⬇⬇⬇⬇⬇☢☢☢☢ (Official CryptoCurrent Merch)
"IOTA SKYNET" shirts, jackets, pillow covers, mugs, socks, water bottles , baby clothes
-"XRP RIDDLER BEAR: SO IT BEGINS" shirts, jackets, pillow covers, mugs, socks, water bottles , baby clothes
"CRAZY FOR CARDANO" shirts, jackets, pillow covers, mugs, socks, water bottles , baby clothes
"XEN CRYPTO" shirts, jackets, pillow covers, mugs, socks, water bottles , baby clothes
-"I TOLD YOU SO" XRP shirts, jackets, mugs, socks, water bottles
-"LUMENS MAXIMUS" Stellar XLM shirts, jackets, mugs, socks, water bottles
"I'M FEELING HELLA' STELLAR" Stellar XLM shirts, jackets, mugs, socks, water bottles
-"LION OF WALL STREET" , XRP Shirts, jackets, mugs , socks, water bottles
"PULSE X: OG FROM DAY 1" : PulseX shirts, jackets, mugs, socks, water bottles
"SURFIN' THE KALI YUGA": T shirts, jackets, mugs, socks, water bottles
"CHOO CHOO, ALL ABOARD THE VECHAIN TRAIN" T shirts, jackets, mugs, socks, baby clothes, water bottles
"VECHAIN" T shirts, jackets, mugs, socks, baby clothes, water bottles

Available from the Official CryptoCurrent Merchandise Store:
Merchandise:
https://cryptocurrent-merchandise.myspreadshop.com/

And
Official YouTube Merchandise Store:
https://www.youtube.com/channel/UCuQ4lvoQKYrXt8COkXKxhnA/store
============================================================
New Rumble Channel (CryptoCurrent): https://rumble.com/account/content?type=all
============================================================
Official Discord: https://discord.gg/E9XVxVEC
============================================================
Official Twitter: https://twitter.com/CryptoCurrent77
============================================================
Official Facebook: https://www.facebook.com/profile.php?id=100084335586899
===========================================================
Official LBRY/Odysee CryptoCurrent Channel on:
https://odysee.com/@CryptoCurrent:9
===========================================================
MEXC global affiliate link (sign up for a trading discount, commissions, and bonus on futures)
https://www.mexc.com/landings/CryptoCurrent?handleDefaultLocale=keep&inviteCode=1VU1o&fbclid=IwAR2BnKdwIyoGcdheDNozba8U2PcPC0tzsEYZP1FASO8sOVrvKldx68nMJUk
Referral code: 1VU1o
General sign up: https://m.mexc.com/auth/signup?inviteCode=1VU1o
=========================================================
If you would like to make an enquiry or request an interview to be live on the show - please email : CryptoCurrentenquiry@gmail.com
=========================================================
Remain UptoDate with CryptoCurrent :so please like, subscribe and enjoy the ride!
=========================================================
Note: This video is for educational and entertainment purposes, not financial advice or accurate legal advice.
=========================================================