The content discusses the necessary ingredients for a thriving blockchain ecosystem and mentions XRPL as a smart contract platform that is working on acquiring these ingredients. Currently, XRPL has the consensus mechanism, token bridges, legal entities, driven founder and CTO, and a few DeFi apps. However, it still lacks a native stablecoin and a bustling lending protocol. The good news is that a stablecoin called Ripple USD has been approved for offering, and DeFi veteran Robert Leshner is open to backing projects building the Ripple ecosystem. The addition of a roster of mid-cap memecoins would further enhance XRPL's potential.
- Content Editor ( blockworks.co )
- 2024-12-11
Ripple could still nail this magic blockchain recipe