QuantZilla on XRP Ledger

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QuantZilla on XRP Ledger

QuantZilla on XRP Ledger

@QuantZillaCoin

QuantZilla AI removing human greed & bias with NFTs and rewards while building tools & services that drive growth and adoption of XRP Ledger

Abyss of the XRP Ledger System Katılım Kasım 2024
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QuantZilla on XRP Ledger
QuantZilla on XRP Ledger@QuantZillaCoin·
You can now Farm $QZILLA top of magnetics farming pools! If you are already in the AMM LP nothing more is required to earn a daily airdrop of $QZILLA! If your not, go grab some LP tokens and earn daily! xmagnetic.org/farming/QZilla…
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Bird
Bird@Bird_XRPL·
Did you find XRP before or after the SEC case?
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QuantZilla on XRP Ledger
QuantZilla on XRP Ledger@QuantZillaCoin·
People are selling crypto because of IRAN while Iran is literally USING crypto because they have no other choice. When a nation under maximum sanctions turns to digital assets to keep money moving — that's not a bearish signal. That's the biggest proof of concept in history. The country at the center of your fear is proving your investment thesis in real time. Stop watching the war. Start watching what the war is proving
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loudz
loudz@loudzxbt·
I just downloaded my first $XRP wallet 👀 $CREATE onboarded me and yikes their community is lit 🔥
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QuantZilla on XRP Ledger
QuantZilla on XRP Ledger@QuantZillaCoin·
Would be alot cooler if they would just stop resisting my amendment attempts to fix the ability to see the transaction que before they are validated and frontrun a transaction by spamming a bunch at it. The fact there is no incentive to having a validator node is also problematic cuz now we have people who are incentivized to use these kind of frontrun attacks in order to make it profitable enough to warrant even having one outside of the larger dapps like xaman and first ledger need their validator nodes obviously but there are people with them who are purely using them to extract value from the ledger with these kind of view and frontrun attacks.
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XrpJØ₭ɆⱤ🃏
XrpJØ₭ɆⱤ🃏@joker_xrp·
Ripple Isn’t What You Think It Is. It’s Part Of The Institution. There’s A Reason David Filed Multilevel Distributed Computer System In 1988. Our Genius Created This Incredible Technology, Then Sold Out To The System. Regardless, Keep Your #Xrp If You Want To Be Filthy Rich ;)🃏
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QuantZilla on XRP Ledger
QuantZilla on XRP Ledger@QuantZillaCoin·
Why do people even have validators? There is no reward to it like on coreum or others for example, first ledger and xaman obviously have their validator nodes for a reason - but there is a bunch of other people and we could easily track down who is doing these attacks but instead we're sitting around arguing about their right to expolit the system and steal from our projects trying to grow and the investors that come to xrpl only to leave with a bad taste in their mouth after? Its sad how little simpathy people seem to have for the fact the ledger can't grow if the advise is "dont invest into low coins and if you do only do transactions a fraction less then 1xrp" like this is super broken felling for anyone who comes from solana using phantom wallet, I'm not surprised the ledger isnt growing and project devs rug seemingly every day 'even your bigger projects" like malard or glitch at hundreds of thousands market cap gave up and rugged to the surmounting issues with running a project on xrpl, including this, how can you even manage the liquidity or do liquidity injections to grow or the fortitude to keep going regardless of the loss, when your constantly being stolen from and theres nothing you can do about it? You can't just "lower your slippage" when interacting with the lp, magnetic and xaman fees ontop just expand the issue - the ledger is a mess for developers and buyers and your delusional if you think otherwise, I would suggest you go talk to some project devs and people who "actually" trade on the ledger cuz this is top of the list for every project that uses our developer tools for me to code a solution - thats how I got here - the solution would be a amendment but as you can imagine thats not likely to happen cuz the bad actors are the people with validators who want to keep their cash cow, yet nobody is talking about how much of a shitshow this whole thing is when its being minimized to "just dont invest into 90% of xrpl coins and reduce paymement sizes to fractions of a xrp" when that doesn't address the issue for ANY of the developers who cant use those tactics to interact with their lp to avoid being robed.
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🚜Cookie🚜
🚜Cookie🚜@NFTCookieC·
You don’t have to agree - it’s verifiable onchain. You can preview transactions so knowing a transactions price impact will be high and adjusting slippage will lead to these bots acting same as they would on other chains. (Difference is that its a coinflip on XRPL, and a bribe on other chains) You’re proposing that its an issue that the dex interfaces can fix (they can’t as the dex is at protocol layer) and that rather than users make sensible market trade sizes (compared to mcap and liquidity) or use limit orders that an adjustment be made to the entire basis for how the dex works?
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QuantZilla on XRP Ledger
QuantZilla on XRP Ledger@QuantZillaCoin·
There is a HUGE issue on the ledger with Sandwich/frontrunning bots, especially on platforms like @First_Ledger or when using @XamanWallet on any platform.. Why? Its a easily remedied issue; we need to stop validator node que viewing and I need YOUR support for a amendment to fix You can find the article here: github.com/XRPLF/XRPL-Sta… What I need from you: 1) Click the github, create a account and give your opinion on if sandwich / frontrunning bots should be allowed to continue like this 2) if you think we should make an amendment to put a stop to them by changing how the validator node que works so someone else can't view the que and front run your transaction on every platform 3) how important it would be for mass adoption for new people to the ledger to not have to deal with this level of theivery built into the ledger itself that doesn't exist on other blockchains like solana for example - are we really now worse off with xamana and xrp ledger then people buying on phantom and solana despite it being the opposite opinion a year ago before this started happening? I am one person. I can point at the fire and let everyone know its raging hard, people can feel the heat of the flames every time they try to interact with their liquidity pool or spend more then 5-10xrp on a project - but unless we all band together and put pressure for a amendment on this then we won't ever stop being stolen from cuz everyone already knows about this; xaman knows; magnetic knows; but they don't have the ability to make the changes required to protect the ledger without a amendment that frankly is being seen like a political wasp nest due to how big of a glaring issue this is that no platform is currently safe to trade on without having this viewing validator node que issue - sure you could spam some 1xrp or less trades but that doesn't eliminate the reality that we have a big problem with que viewing on validators that even requires people to make such small movements to avoid it... Are we really suggesting everyone acts like brokies to avoid bots that will sandwich / frontrun you if you spend anymore then that? The ledger is boken, our leaders know, but nobody is doing anything... we cannot accept this and need to unite together to put a stop to this or the whole ledger is gona just become more and more of a joke to trade on, so I need YOU to be the change you want to see on the ledger by clicking the github and describing your issues with this so I'm not just out here alone like a crazy man yelling trying to save us all, we need a mob, we need the ledger to be as outraged by this known issue nobody is doing anything about as I am; this is robbing projects every time they interact with their lp; this is robbing all of your supporters whenever they buy into your project putting them in instant loss if they put in any kind of real xrp amounts - We should NOT be accepting this and for that reason I need YOU to support the amendment to put a stop to validator node que viewing! @RippleXity @RippleXDev @Ripple @Bird_XRPL @LadyDev1128 @XRPLGigaChad @DCent589 @Zerpswap @SaluteXRPL @SLTcaptain @XRPLPulse @Luxury_Metax @shatley84 @250_052 @dpacjones @Unifydk @MagneticXRPL @XRPLF @XRPLLabs
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QuantZilla on XRP Ledger
QuantZilla on XRP Ledger@QuantZillaCoin·
The whole "Don't trade tokens and if your gona trade make sure its 0.35 xrp per trade so you dont trigger the bots" is NOT a solution. The fact your making excuses about this instead of outraged we're dealing with this issue is insane tbh, this effects the GROWTH OF THE LEDGER by effecting EVERY NEW PROJECT AND NEW HOLDER. Your suggestion of "users make sensible market trade sizes" is bluntly ignorant of what the problem even is cuz if I need to do 100 trades at 0.35 xrp to do a 35 xrp transaction then THE SYSTEM IS BROKEN and I'm sick of people like you gaslighting the situation like "oh just do hundreds of small transactions thats a solution to PEOPLE BEING ABLE TO VIEW YOUR TRANSACTION BEFORE ITS VALDIATED AND FRONT RUN YOU" I'm just not buying it man. The issue is clear; people can see transactions before they are validated and frontrun them by spamming transactions at the block - why are we not ousting these people when there is only so many validators and it seems like we could likely track down who is doing this? Why are we also not demanding something be done about this so people can't view the que of transactions before they are validated to make this kind of EXPLOIT of the system. This is NOT working as intended if people are doing this EXPLOIT but to listen to people like you, then you would think this isn't the EXPLOIT that it is in reality and its just part of living on the ledger when there is obviously two things I've suggested here that could be done about it but everyone who is supposed to be our leaders don't seem to care about the 90% of projects that can't even interact with their own liquidity pool to do injections without this happening cuz its "apparently not a big enough problem for the big projects so screw 90% of the ledger in the smaller projects, we don't want growth, we dont want to support new projects, don't invest into low liquidity or new tokens, limit your buys to fractions under 1xrp, nothing is on fire, this is all fine, stop complaining" <-- this is absolutely screwed up that this is the vibe from everyone, no wonder xaman (who agrees with me a amendment is required) is unwilling to table solutions cuz this is such a political wasp nest I'm starting to think most of our so called "leaders" are in on this and are the people actually doing this to us so they want to fight to defend the system paying them - why else would you not care about 90% of the ledger and fight to shutdown a massive problem we've had for a year now everyone hates but you guys apparently cuz you don't support xrp ledger projects outside of the top projects to EVEN HAVE THE KNOWLEDGE of how bad it is when you suggest its perfectly fine to do 100x 0.35 xrp transactions to spend 35xrp to get around the que viewing pre validation, its a exploit and I'm sick of you guys pretending its not and that this is fine to allow people to steal from YOUR COMMUNITY that your supposed to care about.
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QuantZilla on XRP Ledger
QuantZilla on XRP Ledger@QuantZillaCoin·
Soooooo with this can we figure out who the bad actors are who are using validator nodes to front run transactions? The issue is that transactions are not ordered randomly within a block, but according to a mathematical formula known to everyone (the calculations are based on the hash of the transaction and the block). This means it is possible to monitor transactions that are in the process of being validated and, within about 4 seconds (the time it takes to build a block), use multiple wallets to send transactions in order to try to sandwich the target transaction. The more wallets that perform the attack simultaneously, the higher their chances of successfully sandwiching it. So is there a way to find out what validator nodes are doing these bulk transactions all attempting the same thing to try and get one that frontruns it?
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𝐆𝐫𝐚𝐩𝐞
𝐆𝐫𝐚𝐩𝐞@RealGrapedrop·
Live XRPL consensus, visualized. Every 3 to 4 seconds, the XRP Ledger closes a new ledger. Validators across the network agree on which transactions to include, sign the result, and move on. This process is called consensus. It happens so fast most people never think about it. I wanted to make it visible. Koi's Learn tab now shows consensus happening in real time. A rippled node sits in the center, connected to its peers around the world. Country flags show where each peer is located. Dashed lines animate to show network traffic flowing between them. When a ledger closes, transactions inside the node explode outward. Lightning sizzles around the border. New transactions appear, color coded by type. Green circles are payments. Blue squares are market orders. Red diamonds are NFTs. Orange triangles are account operations. A quorum bar fills tick by tick as validator signatures arrive. Once enough validators agree, the ledger is final. The whole cycle resets and starts again. Each closed ledger slides into a history row, showing the exact transaction breakdown for that ledger. Log in to koi.grapedrop.xyz Click Learn. #BuildOnXRPL #XRP #XRPL
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QuantZilla on XRP Ledger
QuantZilla on XRP Ledger@QuantZillaCoin·
@EleanorGirl08 Your forgetting that when the dollar crashes, we become what happened to venezuela when the petrodollar is ditched by the world - when hotdogs are worth $10,000 each from a street vendor then the 5-10xrp or so that could be worth sounds about what we would pay today in xrp.
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Vet
Vet@Vet_X0·
Sure plenty of resources with actively funded researchers to tackle this. But let me be very clear here too, these will take lots of time before coming live on main net. I hope privacy will be part of the solution as i believe its a powerful tool, even if its not a standalone one. > Improving XRPL Consensus to Achieve Best-Possible MEV-Resilience (Elaine Shi, Carnegie Mellon University / CyLab Secure Blockchain Initiative, UBRI-funded project announced Feb 2026)
cylab.cmu.edu/news/2026/02/1…
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QuantZilla on XRP Ledger
QuantZilla on XRP Ledger@QuantZillaCoin·
Yeah thats a totally fair position - we've just been dealing with this issue for now for a year, possibly longer at this point... so my challenge is to try and find a solution. So if you wanted to tare appart my arguements and point out the issues with things on the xrplf post that could help get this ball rolling - cuz your right this is not a simple issue - it requires more then just me trying to come up with solutions or checking their viability. So to be clear I openly welcome any technical shutdowns of suggestions, since the more we can talk about as not a option or the more we can isolate issues preventing a solution - the closer we can get to said solution. The best I could do so far is figure out the cause and effect, (unlike alot of the dapp builders, this is relatively new information to me that I had to hunt down) now the question becomes how do we change things to eliminate this effect from being a problem like this, without also destroying the ledger - I get its a tall ask - but if we gather some of the most technical people on the ledger, like yourself, then I don't see how we could fail in coming up with a solution eventually, its just a matter of time at that point... I mean we could even try laying out all the issues and technicals and getting ai involved to suggest solutions that we might not be seeing right away... I feel alot has changed since xrp was launched, this problem was not really a issue like this before first ledger came to xrp ledger so this is really a relatively new issue being exploited in the xrp lifetime.
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Vet
Vet@Vet_X0·
Thats what makes it frustrating, the challenge is huge one and not easy or quick to overcome at all. So me saying that illiquid tokens and large sell don't go well together and slippage is your best friend until we have something that solves it, is coming from a good place. Not downplaying anyones effort having a project.
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QuantZilla on XRP Ledger
QuantZilla on XRP Ledger@QuantZillaCoin·
I'll give you the steam off my piss ;) hahaha I hear you tho, alot of the more established projects seem alot less motivated to solve this for us cuz it doesn't effect them the same way or cause the same level of grief as it does for new/low lp projects or new holders. Your right tho, we keep working regardless.
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QuantZilla on XRP Ledger
QuantZilla on XRP Ledger@QuantZillaCoin·
@NFTCookieC @First_Ledger @XamanWallet "All the bots are doing is arbitraging transactions submitted with high slippage." Not sure I agree, @Zerpswap attempted to show a estimated rate to stay under this but at what point do we admit that a bunch of 0.35xrp transactions being the solution that this is broken?
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🚜Cookie🚜
🚜Cookie🚜@NFTCookieC·
It’s not an issue with individual platforms. And the solution is not to mess with Consensus. (As Vet stated) The issue is user slippage. All the bots are doing is arbitraging transactions submitted with high slippage. This gets amplified by the liquidity ratios on tokens. If you want to be able to avoid being caught by them, use a limit order or use smaller market buys appropriate to the mcap/liquidity of the token. See images for an example - $5k mcap with $1.2k liquidity: 5xrp has a 2.19% price impact, so needs at least that as slippage to succeed. Most users are using higher slippage than this, and so create the arb opportunity - they are saying to the ledger “I am happy to pay 5xrp for asset B and am prepared to accept up to X % in slippage”. The bots simply attempt to fill that in the same ledger.
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QuantZilla on XRP Ledger
QuantZilla on XRP Ledger@QuantZillaCoin·
@Vet_X0 @First_Ledger @XamanWallet Anywhere I can read up about this or the progress? I didn't see anything in XRPLF but I also have not searched the entire thing manually for a Amendment/XLS page. I want to see a solution and I'd rather see a global solution for all (like FL) then coding a solution around it.
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Vet
Vet@Vet_X0·
The problem is known since blockchain inception aside from Bitcoin. Many academic research papers for XRPL and other chains on this. I didn't say you have the answer, just that i don't believe you fully grasp the magnitude of this problem affecting whole crypto. If the solution would be so easy everyone would have it implemented and yet none of them have it. You know how they try to combat it? by introducing centralization of block ordering. Thats why i said research is on going, it's known and people are aware of the drastic changes necessary for any future solution on this to be a good solver.
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QuantZilla on XRP Ledger
QuantZilla on XRP Ledger@QuantZillaCoin·
To be clear I agree with you that adding fees to adjust speeds is NOT the solution, I am super NOT suggesting we become eth. Do I know the perfect solution? No. But I know the cause and if we want to change the effect then we need to look at the cause and think about solutions so we no longer have this effect from it. Your also not wrong that sharing the same encrypted data between validator nodes defeats the whole purpose, so likely we would have to share that with less time before the transaction is confirmed to be feasible so there isnt time to view and transaction spam it - its just an idea I threw out cuz it gets the point across; we need some way of the transaction amount (so they cant find profitable transactions to target or know what token to target) or the entire transaction not being on display like this with enough time to frontrun it by viewing profitable transactions waiting to be validated and then spamming transactions to front run it. The point is we need people talking about solutions instead of saying "hey 90% of the tokens on xrpl doesn't matter, we don't care about any token under 20k xrp tokens liquidty and we don't care about new xrp holders experience on the ledger" I think we should actually try to do "something" and talk about solutions (and what might not be a solution due to x or y like your doing) till we can get to the bottom of something that "actually" is a solution. I'm not yelling "hey guys I have all the answers" I'm just the guy yelling "hey guys things are on fire and we need to come up with solutions to put this fire out and fix things without making it worse". So I think we disagree fairly largely about nothing needing to be done cuz most projects on xrpl have issues with this, the majority of xrpl users and projects have this issue.. so how can we sit here and pretend its not a issue cuz the top 10-20 tokens don't need to deal with it at such low amounts as if that matters for the 90%+ of projects that this does heavily effects. I know projects that use our tools asking for this solutions, our community needs help and that community includes projects outside of the top 10-20 so I guess I'm just disappointed in seeing our leaders, like yourself, continuously tell people to not invest into them as if thats going to solve the problem or help grow the ledger nether are true.. this puts a bad taste in peoples mouths to drive them away in a time we should be trying to drive mass adoption.
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Vet
Vet@Vet_X0·
Thats the spamming of the ledger to front run mentioned before. Its a very idealistic approach to refine. The "mathematical formula" requires previous ledger hashes, perfect submission, lots of tx spamming and high slippage. So what do people do? Just skip everything and just spam the ledger. This is a dangerous tactic though because fee escalation is likely to hit them in crowded activity times and ruining their cheap loss calculation of fees. So ironically, the more front running happens the higher the cost for each front runner. Due to fee escalation. > Tight slippage is how all major blockchains including the XRPL solve it for users and devs a like. Low liquidity tokens + large trades is what screws it for users. > ZKP and privacy features are also only a partial answer at best (they're great for hiding amounts post-execution but don't stop pre-consensus visibility of tx intent). A simple "encrypt the queue" approach adds a throughput penalty without solving the core issue: every node/validator still needs to decrypt to validate signatures, apply state, and compute canonical order. Frontrunners running nodes get the data anyway, and now consensus is slower. So what did we do? nothing just it worse than before.
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QuantZilla on XRP Ledger
QuantZilla on XRP Ledger@QuantZillaCoin·
TLDR: Problem: People are frontrunning transactions by viewing the que transactions waiting to be validated, calculating the hash of the transaction and throwing a bunch of wallets at it to get one to frontrun it. Solution suggestion: remove the ability to view transactings waiting to be validated. Either way we need people posting on the github to talk about this, not x twitter.
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QuantZilla on XRP Ledger
QuantZilla on XRP Ledger@QuantZillaCoin·
@Zerpswap @First_Ledger @XamanWallet I'm rooting for ya man! I laid out some solid suggestions/ideas so its possible to work around it in theory but I think its insane there is so much pushback for a solution that would solve this for everyone
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QuantZilla on XRP Ledger
QuantZilla on XRP Ledger@QuantZillaCoin·
To be clear; I see a problem and recreated it; this problem exists. Do I know the perfect solution? No, but I think this is a subject we need to talk about and find solutions on instead of pretending its not a legitimate issue... this is stomping out alot of new devs & xrpl users.
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Vet
Vet@Vet_X0·
The XRPL has no mempool as you think ETH and BTC have one. Fundamentally its a different consensus algorithm. First, transaction_proposed stream on XRP. You can't observe it and pay a higher fee to jump in front like on ETH, because its canonical ordered on tx lvl. Second, you can prevent public websocket access on your node like validators typically have, but you can't remove the what you call "validator queue" (tx proposed stream) from the protocol because its needed for transactions to propagate through the network for consensus. Removing it would basically kill consensus. There's unfortunately no easy way to prevent the front running thats done by spamming the ledger. The cost is always tx fees and the benefit potential a front run trade that's many times higher. The problem is meme coins are inherently illiquid especially after launch + potentially high demand of people wanting to buy them = feast for front runners. Why? Because you minimize massively front running losses by setting a tight slippage. But tight slippage doesn't work with illiquid coins and front runners know that. ZKP and privacy isn't a silver bullet and it's a drastic change to consensus. Consensus is the last thing we want to touch without crazy amounts of scrutiny. Research is done on this front and until then put your slippage as tight as possible and stay away from illiquid coins if you your slippage tolerance doesn't allow it.
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