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RIPPLE/XRP: From Web2 to Web3: How developers can upskill and build with blockchain
March 30, 2023
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Coming off the heels of 2022, it may be difficult to assess where web3 technologies stand in 2023. Bitcoin rose to $47,000 and fell to $16,000. NFT trading volumes peaked at $17B in January 2022 and a year later collapsed to a mere $143M. “Blockchain” and “digital currencies” became everyday terms in the mainstream media. We saw the collapse of FTX and all its cascading consequences.

It was a tumultuous year in the world of web3—full of speculation, crashes, and scandals. But does this mean that web3 is dead and the underlying technologies made obsolete? Hardly.

Though mainstream enthusiasm for NFTs and cryptocurrency has ebbed and flowed, the community is still very much alive and actively invested in not just the technology, but in ensuring the promises of a decentralized internet are realized. The world at large is frustrated with the data collection practices of the tech industry heavyweights. The global reach of eCommerce needs trustworthy payment systems that can operate worldwide. While much of the discussion around NFT collectibles focused on high profile acquisitions and losses, NFTs themselves have only scratched the surface of what’s possible.

Web3 is here to stay

We are still in the early days of blockchain. Keep in mind that we’ve been using the term “web 2.0” since 1999 (24 years ago!) but blockchain quietly entered the market as an underpinning technology for Bitcoin in 2008 (15 years ago). That difference of nine years may sound small, but consider that nine years ago most large companies were just starting to move to the cloud.

Today, blockchain technologies power much more than basic cryptocurrency transactions. Banking and finance applications support cross-border payments that settle in seconds, not days. Multi- and cross-chain transactions via DeFi applications allow for increased crypto liquidity and improved exchanges with fiat currencies. Blockchain developers can build their own customized sidechains (more on those later) to support integration with real-time, low-cost transactions in video games and other use cases. SDKs are available in nearly every popular language, making it easy for today’s web2 developers to take their existing coding capabilities and embrace decentralized technology.

Emerging applications of blockchain and crypto include:

  • Cross-border payments
  • Real-time tracking of goods in supply chain and logistics 
  • Electronic health record storage
  • Energy supply transaction tracking, including renewable energy certificates
  • Citizenship and credential tracking across borders
  • Documenting legal agreements, such as real estate and carbon credits

Despite everything that’s been reported in the news about crypto and blockchain this past year, their potential is still largely untapped. Blockchain advances are bringing economic and technical utility to both users and developers. It’s truly an emerging technology with seemingly endless opportunity.

The tech behind the headlines

The technology comprising a blockchain is rather sophisticated. In the most simplistic sense, a blockchain is a database: it stores data in an ordered fashion. However, a blockchain doesn’t act as a simple database with all data on a single server, but rather as a distributed ledger: multiple computers across the world store redundant copies of all the data in the blockchain and share the work of confirming transactions, without needing a central authority or intermediary.

In a blockchain, each node has a copy of the blockchain ledger and participates in the transaction validation process. New transactions are broadcast to the network, and nodes work together to verify the transaction data and add it to the blockchain. This process is known as consensus, and it ensures that all nodes on the network agree on the state of the blockchain and that it remains secure and tamper-proof.

While some blockchains are centralized and managed by a single organization, most are open source and decentralized, meaning they are managed and maintained by a community of developers. For example, the XRP Ledger is a public, permissionless blockchain, meaning anyone on the internet can set up a validator and join the network. The reference implementation of the protocol is open source and any developer can propose amendments to this software. Because of the XRP Ledger’s decentralized nature, no singular authority can make decisions for the network. Instead, network changes are determined by a specific subset of validators, who vote on behalf of the XRP Ledger’s best interest. That being said, in order for amendments to pass, at least 80% of the validator community has to vote “yes” and that minimum threshold must be maintained for at least two weeks. If both of those conditions are met, then amendment proposals can be passed.

Consensus protocols run cryptographic functions to ensure the integrity of the network and its ledger. These usually include:

  • Hash functions: Create a unique digital fingerprint of each transaction on the blockchain. They are one-way functions that take an input (e.g. a transaction) and produce a fixed-length, unique output based on that input (SHA-256 is an example of a hash function). Hash functions ensure the integrity of data because any error in transmission or other change results in a totally different hash value. If you get the same output from the hash function, you know you have the same input data.
  • Public-key cryptography: Used for enabling secure communication between nodes on the network. Each node on the blockchain has a public key and a private key. The public key can be shared with anyone, while the private key is kept secret. Digital signatures are for ensuring the authenticity and integrity of transactions on the blockchain. Each transaction on the blockchain is signed using the sender’s private key, which creates a digital signature that can be verified using the sender’s public key.

Validator nodes execute the consensus protocol and can often run on commodity hardware (depending on the energy and computation requirements for the specific blockchain). Different blockchains use different consensus protocols to compute the final state of a transaction on the ledger. 

Because the XRP Ledger is open source, anyone can learn how it works, contribute to the code base, and report issues. Or they can simply write and consume apps; mint, manage and otherwise interact with NFTs; and much more.

Consensus algorithms, energy consumption, and transaction times

The two most popular consensus algorithms have long been Proof of Work (PoW) and Proof of Stake (PoS). 

In PoW algorithms, every node on the network competes to solve cryptography problems in order to validate a transaction. That’s fine for small networks of a few dozen computers, but multiply this computational cost over 100,000+ nodes and it adds up very quickly. This is compounded by the fact that the fastest nodes to validate transactions often receive financial rewards, hence a competitive arms race to deploy thousands of powerful, electricity-hungry GPUs to solve these cryptographic puzzles faster than other nodes in the network.

PoW methods are what led China to ban cryptocurrency mining altogether, the White House to issue a press release about energy concerns, and the Ethereum community to push for and switch to the more energy-efficient PoS methodology in 2022.

In PoS algorithms, instead of solving a cryptographic puzzle on every node, nodes that hold a larger stake in the network (i.e. the greater the number of tokens, the greater the stake in the blockchain) are the ones to validate transactions. They still perform a cryptographic validation process, but it’s only a fraction of the nodes on the network with the biggest stake. The algorithms are no less complex and the validation mechanisms are similar to PoW, which is why PoS transactions can also take minutes or hours to be validated.

Ethereum moved to PoS “because it is more secure, less energy-intensive, and better for implementing new scaling solutions compared to the previous proof-of-work architecture.” It was a tremendous shift in how that chain operated and resulted in more than 99.9% reduction in electricity consumption. So tremendous, in fact, that they termed it The Merge. According to CoinTelegraph, Ethereum on PoW was using 112 TWh per year and on PoS is now using 0.01 TWh per year. For reference, Bitcoin is still using tremendous energy—more than many countries on earth.

There are many alternatives to PoS and PoW algorithms, with various tradeoffs to speed, centralization, and efficiency. Chains such as the XRP Ledger and Stellar use “federated consensus” or “proof of association” algorithms where a subset of nodes collectively build and agree on the next block of transactions. Other chains, such as Ignite, use hybrid systems that combine elements of federation and PoS. These systems are far more efficient than PoW and faster than both PoW and PoS because they eschew the wasteful work of competing to solve cryptographic puzzles. For example, transactions on the XRPL take 3-5 seconds to be validated, rather than minutes or hours.

Additionally, both PoW and PoS typically let the winning validator build a block however they like—which leads to miners and validators gaming the system to get the maximum extractable value (MEV) from each block. Federated consensus algorithms are typically less susceptible to these problems because they always arrange each block of transactions in a canonical order.

Making developers’ lives easier with abstractions, dApps, and smart contracts

Web2 brought us rich application experiences, cloud computing, asynchronous communication, and plenty of centralization. It’s practically impossible to develop a web2 app without paying corporations and being subject to their privacy policies, terms and conditions, and fiduciary responsibility. Web3 gives developers the ability to write and run apps that are fully-independent, widely-available, and decentralized. No limits and no corporate dependencies.

To make this a reality, most major blockchains are working hard to attract and onboard developers to their platforms with easy-to-use SDKs and high-quality documentation (e.g. SolanaCardanoXRPL). Open-source blockchains are widely available and provide fertile ground for innovation. Each has built-in support for financial transactions using their native tokens (e.g. SOL, ADA, XRP), ensuring that people can pay and be paid.

Many chains support the development of dApps—decentralized applications. They can be written in a variety of programming languages, depending on what the chains support. Generally speaking, the larger the developer community of a given chain, the more languages it supports. For example, Ethereum supports .NET, Go, Java, JavaScript, Python, Ruby, Rust, Dart, and Delphi. The XRPL supports Python, JavaScript/TypeScript, C++, Java, React.js and Ruby.

Some blockchain apps are backed by or written as smart contracts. Smart contracts are tamper-proof, immutable pieces of code that live on the blockchain and facilitate interactions or agreements between the app, the user, and the chain. Blockchains offer simple abstractions and SDKs so developers can get up and running quickly with app development. For example, Ethereum offers a variety of application development tools to help people experiment, build front ends, and test their dApps and smart contract implementations. The downside to smart contracts is that, since they’re immutable and shared online, if anyone finds a bug in the contract’s code, they can exploit it to their advantage, and the developer can’t easily patch the vulnerability away. This makes developing smart contracts a delicate task with higher stakes than many other projects.

The XRP Ledger supports programmability through a number of protocols and standards. It includes native transactors that provide out-of-the-box functions which are already battle-tested and standardized. The Hooks proposal would further extend programmability on the Ledger. Hooks are small, efficient pieces of code that allow for the quick and easy execution of logic before and after a transaction — all native to the Ledger. This is important because standard smart contracts can be complex and difficult to navigate, especially for developers that are new to web3.

Unlike other protocols, the XRPL also has native support for NFTs, which means developers don’t need to build or maintain a smart contract in order to bring their NFT projects to life. This lowers the barrier to entry for developers, creators, and anyone else who wants to interact with NFTs on the XRPL. Additionally, automatic royalties are enforced at the protocol level which helps ensure maximum value for creators and developers. Core operations such as minting and burning are native to the Ledger to promote ease-of-use regardless of experience level.

An upcoming amendment, XLS-30d, proposes a native Automated Market Maker (AMM) on the XRPL. The proposal will include bid and vote features, allow for simple token swaps, and should create deep liquidity between token and currency pairs. The AMM’s functionality allows application developers to create interfaces for traders and liquidity providers (LPs) and introduces a novel auction mechanism that incentivizes arbitrageurs while reducing the impact of impermanent loss faced by LPs.

Developers make the chain better—for everyone

The XRPL community is also currently testing sidechains. Sidechains allow developers to build and experiment with customized features in a sandbox-like environment—connected to, yet distinct from the mainnet—enabling innovation without disrupting or compromising the mainnet. Sidechain features could eventually be proposed as amendments and be merged into mainnet if voted on by the community. There is also ongoing development and testing of an Ethereum Virtual Machine (EVM) sidechain to bring Ethereum’s native Solidity-based smart contracts to the XRPL ecosystem.

As developers do more work on blockchains, we’ll inevitably see improvements in utility, security, scalability, cost and sustainability. The more adoption, the greater the improvements, and the greater the likelihood that more developers (and users) will further adopt this technology. The network effect and a fast-growing list of innovative features are already appealing to developers who want to move on from web2 conventions.

How developers can upskill and start building

The innovations underpinned by blockchain and advantages over web2 are getting hard to ignore. Web3 protocols are making it easier than ever to build on decentralized technologies. Web3 tech isn’t just “an upgrade” or “a step up” from web2—it’s a whole new paradigm of working on applications. They’re decentralized, permissionless, scalable, and stable. Developers can use what they already know and upskill to web3 technologies. For once, they can have skin in the game with full ownership of their assets and intellectual property. Using the programming languages they already know, they can increase their domain expertise and take advantage of decentralization

When choosing a chain to start on, developers should consider:

  • Adoption: Do you want to build on a prime-time chain with lots of users, an up-and-coming chain with a growing user base, or get in early on something brand new?
  • Ease of development: Is there sufficient documentation, fully-featured and supported SDKs, an ecosystem of existing dApps to explore, and low-friction onboarding?
  • Ledger functionality and transaction time: How does consensus work? Is it efficient and quick?
  • Environmental impact: Are energy consumption and sustainability priorities for the blockchain?
  • Time to first dApp: How long does it take to build an app? Minutes? Hours? Weeks?
  • Community: Is there a living, vibrant user and developer base? Are they passionate about the chain, its growth, and web3?

Blockchain and crypto have the power to enable a better future, and there is a vibrant community of developers that are building, testing and iterating on top of the technology to help uncover future use cases and applications. Ripple is just one contributor among many to the XRP Ledger; as members of this developer community we are deeply committed to helping it grow and thrive

There are a number of programs like grants and bounties to help developers of all levels get started with the funding and resources they need to bring their web3 projects and applications to life.  The XRP Ledger also recently launched an online learning portal where developers can learn more about the basics of crypto and blockchain, or dive straight into coding on the XRPL with courses in languages such as React.js (currently in beta).

For additional information or to join the community, check out the developer Discord, view open source code and repos on GitHub, and follow @RippleXDev on Twitter where we regularly share updates, projects, new features, and fixes from the XRPL community. 

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‼️JUST IN: THE FIRST RIPPLE-BACKED ETF GOES LIVE IN NORTH AMERICA— “FIRST OF ITS KIND”‼️

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Dubai regulator VARA classifies RWA issuance as licensed activity
Virtual Asset Regulatory Authority (VARA) leads global regulatory framework - makes RWA issuance licensed activity in Dubai.

Real-world assets (RWAs) issuance is now licensed activity in Dubai.

~ Actual law.
~ Not a legal gray zone.
~ Not a whitepaper fantasy.

RWA issuance and listing on secondary markets is defined under binding crypto regulation.

It’s execution by Dubai.

Irina Heaver explained:

“RWA issuance is no longer theoretical. It’s now a regulatory reality.”

VARA defined:

- RWAs are classified as Asset-Referenced Virtual Assets (ARVAs)

- Secondary market trading is permitted under VARA license

- Issuers need capital, audits, and legal disclosures

- Regulated broker-dealers and exchanges can now onboard and trade them

This closes the gap that killed STOs in 2018.

No more tokenization without venues.
No more assets without liquidity.

UAE is doing what Switzerland, Singapore, and Europe still haven’t:

Creating enforceable frameworks for RWA tokenization that actually work.

Matthew White, CEO of VARA, said it perfectly:

“Tokenization will redefine global finance in 2025.”

He’s not exaggerating.

$500B+ market predicted next year.

And the UAE just gave it legal rails.

~Real estate.
~Private credit.
~Shariah-compliant products.

Everything is in play.

This is how you turn hype into infrastructure.

What Dubai is doing now is 3 years ahead of everyone else.

Founders, investors, ecosystem builders:

You want to build real-world assets onchain.

Don’t waste another year waiting for clarity.

Come to Dubai.

It’s already here.

 

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🎬Proof the Deep State Planned This War for Years🎬
Nation First outlines how the Israeli attack on Iran was planned by the Deep State and the Military Industrial Complex over 15 years ago.

Prepare to have your mind blown

~Namasté 🙏 Crypto Michael ⚡ The Dinarian

Dear friend,

What just happened in Iran wasn’t a surprise attack. It wasn’t a last-minute decision. It wasn’t even Israel acting alone.

It was a war plan written years ago — by men in suits, sitting in think tanks in Washington and New York. And yesterday, that plan was finally put into action.

Here’s the truth they don’t want you to know: this war was cooked up long before Trump ever became President — and it was designed to happen exactly this way.

Let’s start with what just happened.

Israel launched a massive, unexpected strike on Iran. They hit nuclear facilities. They killed military generals. They struck deep inside Iranian territory — and now the whole region is on edge, ready to explode into full-blown war.

The media is acting shocked. But I’m not. You shouldn’t be either.

Why?

Because we have the documents. They told us this was coming. Years ago.

Exhibit A: The Brookings Institution.

The Brooking Institution is a fancy name for what’s basically a war-planning factory dressed up as a research centre. Back in 2009, Brookings published a report called Which Path to Persia?

It laid out exactly how to get the U.S. into a war with Iran — without looking like the bad guy.

Here’s the sickest part:

“The United States would encourage — and perhaps even assist — the Israelis in conducting the strikes… in the expectation that both international criticism and Iranian retaliation would be deflected away from the United States and onto Israel.”

Let that sink in.

They literally suggested using Israel to start the war, so America could stand back and say, “Wasn’t us!”

They even titled a chapter of this report: “Leave It to Bibi” — naming Netanyahu as the guy to light the match.

Exhibit B: The Council on Foreign Relations (CFR).

The Council on Foreign Relations is an another Deep State operation. Also in 2009, CFR published a “contingency memothat laid out the whole military plan for an Israeli strike on Iran — step by step.

  • What routes the jets would fly (over Jordan and Iraq).

  • What bombs they’d use (the biggest bunker-busters in the U.S. arsenal).

  • Which Iranian sites to hit (Natanz, Arak, Esfahan).

  • And how Iran might respond (missiles, drones, threats to U.S. bases).

It’s like they had a time machine. Because those exact strikes just happened following the routes, likely using the bombs and hitting the sites that the CFR outlined.

Exhibit C: The Plot to Attack Iran by Dan Kovalik.

This one really blows the lid off.

US human rights lawyer and journalist Dan Kovalik, in his book The Plot to Attack Iran: How the CIA and the Deep State Have Conspired to Vilify Iran, shows how the CIA and Israel’s Mossad have been working together for decades — not just watching Iran, but actively sabotaging it. Killing scientists. Running cyberattacks. Feeding lies to the media to make Iran look like it’s always “six months away” from building a nuke.

He even reveals how they discussed false flag attacks — faking an Iranian strike to justify going to war. That’s not a conspiracy theory. That’s documented strategy.

And here’s where President Trump comes in.

Unlike the warmongers who wrote these plans, Trump wasn’t looking to bomb Iran. He wanted to talk. Negotiate. Make a deal — like he did with North Korea.

In fact, peace talks with Iran were just days away.

But someone didn’t want peace. Someone wanted war.

So Israel went in — just like the Brookings script said — and lit the fuse.

Trump didn’t authorise it. He didn’t want it. But they gazumped him. They went around him. And now, the peace he was trying to build has been blown to bits.

This was never about Iran being a threat. It was about keeping the war machine fed.

Think tanks, defence contractors, foreign lobbies — they don’t profit from peace. They thrive on tension. On fear. On war.

And now, thanks to them, the world’s one step closer to the edge.

If you’ve never trusted the mainstream media, you’re right not to.

If you’ve ever suspected there’s a shadowy agenda behind every war, you’re not paranoid.

You’re paying attention.

Because the documents are real. The war was planned. And the bombs are falling — right on schedule.

Pray for Iran’s civilians.

Pray for the Israelis caught in the crossfire.

Pray for a President who still wants peace.

And pray that we wake up before it’s too late.

Because the war has started.

But the truth has just begun to spread.

Until next time, God bless you, your family and nation.

Take care,

George Christensen

Source:

George Christensen is a former Australian politician, a Christian, freedom lover, conservative, blogger, podcaster, journalist and theologian. He has been feted by the Epoch Times as a “champion of human rights” and his writings have been praised by Infowars’ Alex Jones as “excellent and informative”.

George believes Nation First will be an essential part of the ongoing fight for freedom:

The time is now for every proud patriot to step to the fore and fight for our freedom, sovereignty and way of life. Information is a key tool in any battle and the Nation First newsletter will be a valuable tool in the battle for the future of the West.

— George Christensen.

Find more about George at his www.georgechristensen.com.au website.

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The Possible Impact Of USDC On The XRP Ledger And RLUSD
Key Points
  • It seems likely that USDC on the XRP Ledger (XRPL) boosts liquidity, benefiting XRP, though some see it as competition for RLUSD.
  • Research suggests both stablecoins can coexist, enhancing the XRPL ecosystem.
  • The evidence leans toward increased network activity being good for XRP, despite potential competition.

The recent launch of USDC on the XRP Ledger has sparked discussions about its impact on the ecosystem, particularly in relation to RLUSD, Ripple's own stablecoin. This response explores whether this development is more about competition for RLUSD or if it enhances liquidity on the XRPL, ultimately benefiting XRP.
 

Impact on Liquidity and XRP

The introduction of USDC, a major stablecoin with a $61 billion market cap, likely increases liquidity on the XRPL by attracting more users, developers, and institutions. This boost can enhance DeFi applications and enterprise payments, potentially driving demand for XRP, the native token used for transaction fees. While some may view it as competition for RLUSD, the overall effect seems positive for the XRPL's growth.
 

Competition vs. Coexistence with RLUSD

USDC and RLUSD cater to different needs: USDC appeals to those valuing regulatory compliance, while RLUSD, backed by Ripple, may attract users preferring ecosystem integration. Research suggests both can coexist, increasing options and fostering innovation, rather than purely competing.
 

Detailed Analysis of USDC on XRPL and Its Implications

The integration of USDC on the XRP Ledger (XRPL), announced on June 12, 2025, by Circle, has significant implications for the ecosystem, particularly in relation to RLUSD, Ripple's stablecoin launched in 2024. This section provides a comprehensive analysis, exploring whether this development is more about competition for RLUSD or if it enhances liquidity on the XRPL, ultimately benefiting XRP.
 

Understanding RLUSD and Its Role

RLUSD, Ripple's stablecoin, received approval from the New York Department of Financial Services (NYDFS) in 2024 and is designed to be fully backed by cash and cash equivalents, ensuring stability. It is available on both the Ethereum and XRP Ledger blockchains, aiming to enhance liquidity, reduce volatility, and serve cross-border payments. With a current market cap of $413 million, RLUSD is smaller than USDC's $61 billion but has regulatory credibility, particularly appealing to institutions.
 

Impact of USDC on the XRPL

The launch of USDC on the XRPL is a significant development, given its status as the second-largest stablecoin by market cap.
 
Key impacts include:
  • Liquidity Boost: USDC's integration can attract more users, developers, and institutions, increasing overall liquidity. This is crucial for DeFi applications, as Circle's announcement emphasizes its use in liquidity provisioning for token pairs and FX flows.
  • Increased Utility: USDC enhances the XRPL's utility for enterprise payments, financial infrastructure, and DeFi, potentially making it more attractive for global money movement and transparent settlements.
  • Regulatory and Institutional Appeal: As a regulated stablecoin issued by Circle, USDC can bring institutional users to the XRPL, aligning with Ripple's goals for regulated financial activities.
  • Network Growth: Supporting a widely recognized stablecoin like USDC on 22 blockchains, including the XRPL, increases the network's visibility and adoption, potentially driving more activity.

Competition vs. Complementarity with RLUSD

While USDC's launch could be seen as competition for RLUSD, the evidence suggests a more nuanced relationship:
  • Competition: Both are stablecoins on the XRPL, and USDC's larger market presence ($61 billion vs. RLUSD's $413 million) might attract users and developers away from RLUSD. However, competition can drive innovation, such as lower fees or better services, benefiting the ecosystem
  • Complementarity: Different stablecoins cater to different needs. USDC appeals to users valuing regulatory compliance and widespread adoption across multiple blockchains, while RLUSD, backed by Ripple, may attract those preferring ecosystem integration and regulatory approval from NYDFS. The XRPL can benefit from having multiple options, increasing liquidity and fostering a diverse ecosystem.
  • Coexistence Benefits: Research suggests that having multiple stablecoins enhances liquidity and provides users with more choices, potentially leading to higher network activity. For example, institutions might use USDC for global payments and RLUSD for specific XRPL-integrated applications, creating a symbiotic relationships.

Impact on XRP

The introduction of USDC, alongside RLUSD, is likely beneficial for XRP, the native token of the XRPL, for several reasons:
  • Increased Liquidity and Activity: Higher liquidity on the XRPL, driven by both stablecoins, can increase transaction volumes. XRP is used for transaction fees, with some fees burned, potentially reducing supply over time and increasing demand.
  • DeFi and Enterprise Use Cases: Both USDC and RLUSD enhance DeFi and enterprise applications, such as liquidity pools and cross-border payments, which can drive demand for XRP as a settlement token.
  • Network Growth: A more liquid and active XRPL is more attractive to developers and users, potentially leading to long-term growth for XRP, as increased utility can drive its value.
Expert analyses, such as those from u.today and ledgerinsights.com, suggest the launch is a "massive boost" for liquidity and adoption, with RLUSD also playing a significant role.
 

Comparative Analysis: USDC vs. RLUSD

To further illustrate, consider the following table comparing key attributes:
 
Given the evidence, it is more accurate to view the introduction of USDC on the XRPL as beneficial for liquidity, which is ultimately good for XRP, rather than solely as competition for RLUSD. The XRPL benefits from increased options, with both stablecoins enhancing liquidity, utility, and network growth. While some competition exists, the overall impact is positive, fostering a robust ecosystem that can drive demand for XRP. This conclusion aligns with expert analyses and community discussions, acknowledging the complexity of the stablecoin market within the XRPL.
 

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