What is the role of $XRP in XRPL cross-chain bridges? WKahneman summarizes the discussion Ripple XRP
Namely, the possible design of cross-chain bridges in XRP Ledger includes "witness" servers, a third-party verifier of the equivalency of assets in various parties involved in the bridge. For instance, it should check and prove whether the"issuer" locked 100 XRP to allow the"recipient" to unlock 100 eXRP .
Also, this server can be exposed to regulatory threats. As it is directly responsible for money transfer and controls the bridge, it will require a license in certain jurisdictions. The key issue here is that XLS-38d makes the bridge a native part of the #XRPL. There are external bridges already, and the risk they pose is not assumed by the XRPL. XLS-38d changes that. So what is gained by making the bridge native? Is it worth the risks?
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