Wo Jake, XRP Ledger (XRPL) contributor and enthusiast of Everscale platform, explained why Federated Sidechains concept is crucial one for CBDCs’ progress
İçerik
In 2022, a number of leading blockchains, including Avalanche (AVAX), Polygon network (MATIC), Ethereum (ETH) and BNB Chain (BSC), implemented purpose-made sidechain solutions. XRP Ledger (XRPL) blockchain can supercharge state-backed digital assets with its Federated Sidechains.
Federated Sidechains concept looks like smart bet for CBDCs
Mr. Jake has taken to Twitter to share his estimations of XRPL’s Federated Sidechains’ role in the development of Central Bank Digital Currencies (CBDCs).
Birleşik Yan Zincirlerin (XBridge) nasıl kullanıldığına bir bakış @Ripple muhtemelen artırabilir #XRPL ecosystem’s chance at global #CBDC adoption🧵(1/8)
- Wo Jake (@woj4ke) Eylül 9, 2022
He stressed that governments will definitely need centrally controlled networks for their CBDC developments. However, such platforms can’t be built from scratch: they would lack a userbase and liquidity inflow.
Federated Sidechains by XRP Ledger can solve these problems as they can implement every logic, idea and governance architecture required for its issuers.
At the same time, Federated Sidechains are flexible and adjustable when it comes to use cases, adoption and interoperability with mainstream blockchains:
XBridge, varlıkların farklı defterler (örn. XRPL<->USD-L) arasında aktarılmasına olanak tanır. Birleşik bir yan zincir merkezi veya merkezi olmayan, açık veya özel olabilir; doğrulayıcıları herhangi bir fikir birliği mekanizmasını takip edebilir. Yasa ve düzenlemeleri uygulamak için herhangi bir özellik uygulanabilir
One-stop solution for governments and businesses
However, XRP Ledger (XRPL) is not mature enough to onboard such a complex infrastructure “as is”: it should gain a userbase, liquidity and “talents” for next phases of development.
As of Q4, 2022, the XBridge amendment that would activate the Federated Sidechains design is being reviewed and tested in the Rippled codebase, Mr. Jack added.
As covered by U.Today previously, Federated Sidechains are in development since Q3, 2021: this concept is set to evolve into an alternative to mainstream sidechain solutions.
Source: https://u.today/xrpl-could-become-go-to-platform-for-cbdcs-heres-how