The XRP community is coming up with new ideas for the design of a logo for the XRP token. With user XRP symbol on Twitter leading the fray, the community has become energized to design a new logo, so as to differentiate from the existing logo of Ripple.
The project was started by one Alexavier Guzman after he realized that XRP was using an ISO 4217 currency code. It is an open-source project, which means that anyone can contribute to it through the dedicated GitHub page. As per his article, he says:
“The project’s aim is to allow the XRP community to come up with suggestions for a potential symbol, to be used when displaying the amount of XRP, and that can be proposed to the Unicode Consortium for consideration”
The Unicode Consortium is a non-profit organization that coordinates the development of the Unicode standard. It dictates the symbols and characters present on keyboards and input devices worldwide.
The idea is that this could potentially allow for anyone to use one common symbol that represents the digital asset. As seen with Bitcoin and Litecoin, among others, the symbol would be used to denote it as a type of currency. When a conclusion is reached with respect to the community’s decision, it would then be “converted into various fonts and image formats and proposed to the Unicode Consortium”.
According to Guzman, this symbolizes the universal availability of the XRP currency. As a finished product, the symbol can be used by anyone if it is added to the Unicode Standard. The reason for it being a symbol and why the ISO code isn’t enough is so that it can be distinguished from Ripple the company. As the XRP currency is just one of the many products offered by Ripple Inc. it is important to make a distinction between the two.
Below are some of the ideas offered by some of the community on the @XRPsymbol twitter handle.
As Guzman states:
“The community behind XRP is passionate about the innovations and the technologies Ripple is helping to create, but Ripple’s use case of XRP is just one of the unlimited potential use cases.”
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XRP TipBot comes back online after a tiny downtime; Nothing to be worried about, says Wietse Wind
XRP TipBot’s website and the corresponding application suffered a downtime on June 23, 2019 for a few hours, during which the application wasn’t showing the balance of users. The website and the API for TipBot instead, displayed a “500 Internal Error.”
A Twitter user, @BlueNETGaming, tweeted Wietse Wind, inquiring the same. Wind confirmed that it was just an “infrastructure blip,” and that there was nothing to be worried about.
Oops! Sorry! Infrastructure blip. Really easy fix but I enjoyed an offline afternoon with my girls 😇 So I only found out after some time, when I checked my phone. Monitoring, messages, calls 😇 Social media tips went through during the downtime. Sorry! 😆
— Wietse Wind (@WietseWind) June 23, 2019
XRP TipBot is probably the first and most widely accepted use-case of XRP. It leverages the transaction settling time of XRP Ledger to make tipping easy among peers on Twitter, Reddit, and other platforms, and this was the brainchild of developer Wietse Wind.
After TipBot, a lot of other cryptocurrencies have tried to mimic this idea of facilitating tipping; an example being Bitcoin’s, Tippin.Me which leveraged Lightning Network for tipping users. Although successful, it isn’t as popular as Wind’s TipBot.
The reason behind the same is that XRP Ledger allows transaction settlement in under 5 seconds, which makes tipping fast and efficient, unlike Bitcoin’s transactions which take a few minutes for transactions to be confirmed.
This is same reason why XRP is being used as a liquidity provider for cross-border payments in Ripple’s proprietary product, xRapid.
XRP community is a tightly-knit community with people who are very bullish about XRP’s success. There are equally talented developers in the community who are developing apps that help create more use-cases for XRP.
SchlaubiDev is one such developer known for developing plugins for Gmail and Microsoft Office, plugins that allow a user to send XRP over e-mails.
Ripple has identified Wind and his team’s talent and inducted them into Xpring, which finances them to help develop more community-based apps for increasing XRP use-cases.
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