XAG combines XRP with one click to achieve decentralized point-to-point trading in the Ripple gateway

AP news, Xrpgen.com, the official website of public chain Xrpalike Gene, has released the information that Ripple gateway realizes the point-to-point trading pair function of XAG and XRP. Xrpgen.com released the open source information of its token XAG code as early as November 15, 2019. According to relevant data, XAG project has not carried out ICO, and was directly launched on the mainstream exchange on July 18, 2019. XAG main chain Xrpalike Gene is a public chain group based on the underlying technology of Ripple blockchain, with multiple sub chains.

 

As we all know, XRP currently ranks the third in the global mainstream digital asset circulation market value. Its network system is mainly used to provide financial institutions with safe and fast low-cost cross-border payment solutions, so as to realize the transmission and exchange of asset value as information on the Internet. I think that although XRP system has been running for many years, the reason why it has not been open source is that it is based on the need to maintain the security management between financial institutions. Internet media shows that XAG network is an extension of XRP system in the field of blockchain finance application. It pays attention to the construction of global self-finance underlying technology architecture. Users can freely and independently set up gateway and operate automatically through XAG public chain infrastructure, so as to realize the financial needs of different regions and different levels, so as to achieve the super expansion of blockchain payment and settlement in the field of private finance. This is also the reason why XAG is completely open source in view of the above market positioning.

 

The open source of XAG code can share think tanks and realize value consensus by different application scenario communities, so as to open up a civilized situation that promotes mutual trust and cooperation between unfamiliar s ubjects, maintains the equality of individual consensus rights, and carries forward the scientific and technological spirit of their own initiative contribution; at the same time, it can aggregate the global blockchain elite technology, contribute wisdom and strength to the same powerful public chain facilities, and promote the high integration of productivity and civilization consciousness, to build the mutual trust system of human civilization.

 

Moreover, from the transparency of the current XAG Foundation's contribution to public chain facilities, it can fully reflect the spirit of open source. From this, the main way for contributors to receive XAG awards is to automatically quantify the quantity of newly added XRP/XAG wallets, and the system will automatically make the corresponding number of XAG incentives. At the same time, all incentive data are run on the Xrpalike Gene public chain, reflecting the fair and open distribution of rights and interests.

 

However, the recent release of XAG/XRP offline wallet point-to-point trading information on Xrpalike Gene's public chain official website is an upgrade and improvement in the field of blockchain technology. It not only enhances the user's discretionary flexibility in digital assets of accounts, but also avoids the risk of centralized assets in centralized exchanges. From the perspective of technology implementation, the release of this information further shows the XAG/XRP homology characteristics, which enables new and old Ripple users and their digital asset owners to have a better sense of transaction experience, and further verifies the security and convenience features of blockchain decentralization, which will lay a good development foundation for the opening and operation of XAG gateway. Therefore, I expects that the majority of application nodes, gateways, community organizations and individuals of XRP and XAG can realize consensus and value consensus, and jointly create social value for development based on good underlying conditions!

Latest News

Chinese report says illnesses may be from new coronavirus

Aug 14, 2020

BEIJING — A preliminary investigation into viral pneumonia illnesses sickening dozens of people in and around China has identified the possible cause as a new type of coronavirus, state media said Thursday. Chinese health authorities did not immediately confirm the report from state broadcaster CCTV. Coronaviruses are spread through coughing or sneezing or by touching an infected person. Some cause the common cold and others can lead to more severe respiratory diseases, such as SARS and MERS. Such viruses are common in people but more exotic versions from bats, camels and other animals have caused severe illness. The novel coronavirus...

Counting whales from space pitched as key to saving them

Aug 14, 2020

PORTLAND, Maine — An aquarium and an engineering firm in Massachusetts are partnering on a project to better protect whales by monitoring them from space. New England Aquarium of Boston and Draper of Cambridge say whale conservation needs new, higher-tech solutions to protect whales from extinction. So, the pair is working together using data from sources such as satellites, sonar and radar to keep a closer eye on how many whales are in the ocean. The effort has an easy to understand name for a project involving complex data and surveillance — the aquarium and firm are calling the project...

3-2-1-Cookoff! Astronauts to bake cookies with new test oven

Aug 14, 2020

CAPE CANAVERAL, Fla. — Forget reheated, freeze-dried space grub. Astronauts are about to get a new test oven for baking chocolate chip cookies from scratch. The next delivery to the International Space Station — scheduled for liftoff this weekend — includes the Zero G Oven. Chocolate chip cookie dough is already up there, waiting to pop into this small electric oven designed for zero gravity. Sample cookies baked just this week are also launching from Virginia on Northrop Grumman's Cygnus capsule, for the six station astronauts. The experiment explores the possibility of making freshly baked items for space travelers. With...

Threat to US elections not limited to Russia in 2020

Aug 14, 2020

WASHINGTON — Russia interfered in the 2016 election and may try to sway next year's vote as well. But it's not the only nation with an eye on U.S. politics. American officials sounding the alarm about foreign efforts to disrupt the 2020 election include multiple countries in that warning. Concerns abound not only about possible hacking of campaigns, but also about the spread of disinformation on social media and potential efforts to breach voting databases and even alter votes. The anxiety goes beyond the possibility that U.S. adversaries could directly affect election results: The mere hint of foreign meddling could...

China says US has 'weaponized' visas to target exchanges

Aug 14, 2020

BEIJING — China on Wednesday accused the U.S. of having "weaponized" the issuance of visas following the reported inability of a top Chinese space program official to obtain permission to travel to a key conference in Washington. Foreign Ministry spokeswoman Hua Chunying told reporters that the head of the Chinese delegation to the International Astronautical Congress wasn't able to obtain a visa following an Oct. 12 interview, making it difficult for Chinese representatives to attend important events at the meeting. Reports said the vice chairman of the China National Space Administration, Wu Yanhua, had planned to attend the congress. Hua...

About The Next Discovery

The Next Discovery is equipped with recent Science & Tech news to impart knowledge to individuals awaiting the future.

Contact us: sales@tndiscovery.com