XRPL: XLS85 – TokenEscrow
About Course
When assets need to be held securely until conditions are met, escrows provide a trustless solution. This course introduces TokenEscrow as a key upgrade to the XRP Ledger, extending proven escrow mechanics from XRP to all fungible tokens. Learners will be introduced to the basics of blockchain escrows, trace their evolution on the XRPL, and understand the XLS-85 amendment that made token support possible.
Using step-by-step explanations and transaction examples, the course walks through prerequisites like issuer flags, creating/completing/cancelling escrows, and handling features like transfer fees.
The course explores diverse use cases, from team vesting and OTC trades to stablecoin compliance and tokenized assets, showing how TokenEscrow reduces counterparty risk and builds transparency. It addresses limitations, such as backwards compatibility for blackholed issuers, multipurpose tokens and liquidity pool tokens, with workarounds like migration strategies.
The course focuses on practical adoption, debunking misconceptions about blackholing and flags, and equips users to evaluate tools, projects, and claims in the ecosystem. By the end, you’ll have a clear, actionable understanding of how TokenEscrow enhances secure token management on the XRPL.
Course Content
The Basics of Escrows
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Introduction to Escrows
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How Blockchain Escrows Work
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Test Your Knowledge – The Basics of Escrows
The Evolution of Escrow on the XRP Ledger
Real-World Use Cases
How TokenEscrow Works
Limitations and Workarounds
Wrapping Up
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