Ripple CTO David Schwartz was the guest this week on the latest episode of the Thinking Crypto podcast.
He further mentioned that the XRP Ledger is a great way to deliver NFTs owing to its green design and the low costs involved.
When comparing the XRP ledger with the Ethereum network, Schwartz pointed out that, unlike the latter, the XRP ledger doesn’t have the function where one can build their own NFT systems using smart contracts.
As far as On-Demand Liquidity is concerned, David Schwartz also discussed the introduction of the “Liquidity Hub.” In doing so, Schwartz compared it to the original model of XRP tokens that were bought on the open market to be exchanged across countries.
In fact, the Liquidity Hub can be considered “a sort of networkizing of ODL.” Here, apart from ease of payments, users can make use of various other services.
He also wishes to make it a system to make payments on a day-to-day basis, which is not happening at the moment.
Aashna is a news editor with AMBCrypto and is particularly interested in the how and what of blockchain technology, along with its vast applications.
Disclaimer: AMBCrypto’s content is meant to be informational in nature and should not be interpreted as investment advice.