Smart Contracts on XRP

[Stanlo]

Ripple is not a blockchain platform where you can run other projects on either Dapps or other, it will be wise to leave ripple as it is because it's already at it best, if the Ripple team decide to implement smart contract access on ripple it will be a bad move, no one likes centralized things, ripple investors are only after the gains

[Ucy]

As long as the coin is not marketed as "decentralized"... so people who joined this space for its unique decentralized features, don't use centralized stuff and expose themselves to the risk of centralization they are trying to avoid. By the way, why use Crypto-based smart contract as a centralized cryptocurrency, when you could easily build a centralized non-crypto business and add features similar to crypto smart contract.  Guess they prefer building in this space due to the benefits of using Blockchain. Some even use private Blockchains. Well, I will always stick to truly decentralized public Blockchain. It's truely transparent, immutable, decentralized, anonymous (if you want), safe, etc

[electronicash]

i remember XRP were talking about their smart contract years ago when they were having conference with SWELL.  i think its possible that XRP had planned to do so after all there is a centralize contract platform like EOS who manages to keep up. but it might affect the fast transaction of XRP if they will have more projects with them. i would certainly like to see XRP having this feature.

[VDraci]

Not gonna work dude, Seele, Eth, EOS, Tron are all programmed for developers to easily build projects on them, this is part of their use cases, Ripple (Xrp) was never programmed for this so implementing this now doesn't count or will it ever help Ripple

[BayAngelo]

i will not support a centralized platform to run smart contracts. this is not accepted. the fact that ripple is centralized will be another huge blow for the commuity to allow ripple to run smart contracts. it will decrease the reputaion of the decentralized blockchain industry. the current generation today are after money. if ripple launches smart contracts, people will move in.

[Abiky]

Who cares about smart contracts, they are not seriously used for anything beside demos and experimental apps, there's no need to rush to implement them (and rushing would only introduce bugs and vulnerabilities), it's better to wait and see if smart contracts will ever go mainstream, and only then implement them if it's really worth it. Ethereum will always have the first-mover advantage, you can't win this race against them.

That's certainly true, mate. Smart contracts are still not widely adopted in the mainstream world. They're considered an experimental feature as most Blockchain networks lack the required capacity to process "dApp" computations without compromising performance. While I'm not quite fond with XRP's centralization, its design is perfect for a "world computer" where smart contracts are able to perform "flawlessly" at greater speeds and lower costs than Ethereum itself. I believe it could gain the attention of mainstream businesses and companies because of the "benefits" it provides over traditional blockchain networks. But the general public (everyday people) will find Ethereum to be a better platform for smart contracts because of its decentralized and censorship-resistant design. Knowing that the Ripple company is solid financial-wise (AFAIK), it could drive the XRP Ledger towards unparalleled success.

Despite how far XRP will get with the adoption of smart contracts, it'll never be able to overcome "the King of Smart Contracts" within the crypto space. As you've said earlier, Ethereum has first-mover advantage just like Bitcoin. Considering the distinction among both cryptocurrencies in the way they're designed, one could say that XRP will become the smart contracts platform of the business industry while Ethereum will become the smart contracts platform of the people. It'll be interesting to watch how everything unfolds with Ripple's acquisition of the "Flare Network" for integrating smart contracts into the XRP Ledger. Since the competition in the smart contracts space is fierce, it'll be hard for XRP to take over existing players' prevalence within the Blockchain industry. Just my thoughts

[minairia3]

i remember XRP were talking about their smart contract years ago when they were having conference with SWELL

Their smart contract? Are you sure they have? Maybe the coin your talking about isnt xrp as thr topic is about xrp having smart contract features too such as eth objective.

i will not support a centralized platform to run smart contracts. this is not accepted. the fact that ripple is centralized will be another huge blow for the commuity to allow ripple to run smart contracts.

I think we cant stop them on doing it. We can be against out of it but being decentralized is just a myth for us since we can noticed since then that centralization is overtaking now the idea of decentralized concept. How many projects stay as being decentralized?

Despite how far XRP will get with the adoption of smart contracts, it'll never be able to overcome "the King of Smart Contracts" within the crypto space.

That is right OP. Have you seen this, campaign Decentralized Ripple seems xrp has a lot of scammer fans making xrp a decentralized ecosystem now.

[Pecunia non olet]

XRP wasn't created to process only cross border payments and nothing else. Probably this step is only to make noise around XRP because not many news came this year.

[Banadony]

this is a wrong move by XRP. they should focus on payment platform as its main service. the idea of moving in a smart contract platform shouldn't be encouraged. ethereum should be the main focus on building Dapp and other blockchain services through smart contract. there are other features the XRP project should look into and avoid evolving into development.

[Abiky]

XRP wasn't created to process only cross border payments and nothing else. Probably this step is only to make noise around XRP because not many news came this year.

Probably. After all, Ripple is known to bring "hype" to the XRP cryptocurrency. At times, I've seen XRP surpass ETH in terms of market cap as a result of a quick boost in price. Surprisingly, the "centralized coin" has managed to retain its place as the third-largest cryptocurrency in the world. The smart contracts feature might boost XRP's price in the short term (if it's ever implemented on the distributed ledger). Here, XRP will gain a competitive advantage against ETH as it'll be able to process smart contracts efficiently at low costs. The unparalleled performance for "decentralized applications" might attract mainstream businesses, startups, and companies into it.

I believe that the reason why Ripple has acquired "Flare Networks" for the XRP Ledger is to increase use cases of the cryptocurrency in the mainstream world. With a smart contract system, XRP will be able to experience mainstream adoption like never before. Of course, I'm not quite fond with XRP's centralization issues. But it seems to be the perfect system for businesses and Banks to perform transactions at the fastest speeds and lowest costs possible.

Despite this, everyday people will prefer to use Ethereum or any other decentralized cryptocurrency for obvious reasons. Even if decentralized cryptos are slow and expensive to use at times, they're the best thing around when it comes to preserving one's financial sovereignty. Bitcoin, Ethereum, and other decentralized cryptocurrencies are battle-tested and resistant against manipulation, fraud, and other risks of centralization. They've sacrificed scalability in exchange for security, reliability, and censorship-resistance. That's something XRP lacks because it focuses on scalability than anything else. It's no secret that Ripple has frozen funds from the XRP Ledger in the past. A system like this is perfect for aforementioned entities (especially governments and central banks) but not for the average person. If XRP becomes a success with its smart contracts platform, it might take the Fintech industry by storm. Otherwise, it'll be just another speculative "cryptocurrency" doomed to failure. Just my thoughts