Sologenic - The Largest XRPL Token

What Is Rippling?

Rippling simply refers to a process of settlement between multiple parties who have trustlines for the same token. More specifically, rippling is a setting on a trustline that can either enable or disable the interchangeability of currencies with the same ticker and different issuing accounts. When transacting on the XRP Ledger, rippling can create capital efficiencies by allowing multiple gateways to work as one. Thus, reducing spreads and slippages when trades are executed.

For non issuing accounts, enabling rippling can be undesirable because it lets other users shift obligations between tokens with the same currency code but different issuers.

It’s also worth noting that the process of rippling requires that all parties have established trust lines for the specific token being exchanged. Rippling for XRP Ledger trustlines is disabled by default.

On the Sologenic Dex, you can enable or disable rippling simply by navigating to your wallet portfolio and selecting add asset. Under the show more tab there is an option to enable or disable the rippling flag for the trustline.

In summary, the process of rippling involves updating the balances on the trust lines between the parties involved in a transaction, with the issuer acting as a passive intermediary. This allows for the efficient and secure transfer of value between parties without the need for a central intermediary or clearinghouse.

Further information:

More Videos
Sologenic Medium Page
Sologenic Whitepaper