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IS THE XRP TOKEN OPTIONAL FOR THE PRIVATE LEDGERS? (FEDERATED SIDE CHAINS)
In this episode, CryptoRick discusses whether our publically owned XRP is mandatory for use on the private ledger or is there a way they can escape using our token?
The Federated Side Chains (the private XRPL side chains "ledgers") effectively use nodes that 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/
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