One transaction can authenticate thousands of datasets, leaving fee burn tiny even as institutional-style usage scales. The post BIS shows why real
- A Bank for International Settlements (BIS) working paper explores a prototype for authenticating official statistics using the XRP Ledger (XRPL) as a timestamped notary.
- The system utilizes Merkle trees to batch thousands of datasets into a single ledger transaction, significantly reducing the direct XRP fee burn and challenging expectations of a supply squeeze for XRP holders.
- While the prototype demonstrates XRPL's capability for institutional-style use cases due to low fees and fast finality, its batching mechanism limits direct XRP value capture, suggesting that substantial token demand would require broader network activity beyond this specific application.
Topics: Blockchain usage, Infrastructure providers, Scalability, Ethereum evm l 1 s, Tokenization platforms, Market depth liquidity
Tags: #bis #xrpledger #institutionaladoption #dataauthentication #merkletree #feeburn #ripple #xrpldevnet #cryptographicfingerprint #supplysqueeze
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