Ripple is a multi-currency payment system.

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2answers
2k views

How does Ripple solve the double-spend problem?

How does the Ripple system solve the double-spend problem? Does it also use some block-chain-like entity that officially dictates which transactions are confirmed and which are not, or does it use ...
16
votes
2answers
1k views

What are the pros and cons of Ripple's consensus as compared with Bitcoin's proof-of-work?

One of the major differences between Bitcoin and Ripple is how they process transactions. I can think of three ways in which Ripple's "consensus" scheme is superior to Bitcoin's proof-of-work: Less ...
15
votes
8answers
50k views

Where can I find how much one XRP (Ripple unit) is worth?

XRP are the units of the new Ripple.com system. Where can I find how much they're worth right now? Historic charts?
15
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1answer
1k views

What is Ripple and how does it compare to Bitcoin?

What is Ripple, and how does the system compare to Bitcoin?
14
votes
4answers
935 views

What happens when a gateway on the Ripple network defaults or simply vanishes?

What happens when a gateway on the Ripple network defaults or simply vanishes? Do people that got their money from it lose that money, do other gateways honour the IOUs issued by that gateway still, ...
11
votes
2answers
1k views

What benefit or incentive is there for someone to run their own ripple client or ripple server?

What incentive is there for someone to run their own Ripple client/server in order to make it an actual decentralized system? With Bitcoin, you can mine to generate new bitcoins and collect ...
10
votes
2answers
2k views

What is the different between Open Transactions and Ripple?

I have been watching the Open Transactions project. Since Ripple has recently came up I am curious as to their relation to each other and if they are trying to achieve the same thing but with a ...
10
votes
1answer
168 views

Does Ripple support subadditive trust?

Ripple allows us to encode how much we trust each person. For example, I can trust A with $10K and B with $10K, and will then accept IOUs of up to $10K from each as valid dollars. In the real world, ...
10
votes
1answer
1k views

With Ripple, how can I move my wallet to/from Payward?

When I created my ripple wallet, I selected local computer. Now I want to be able to access my wallet from any computer. How can I move my ripple wallet to the server? Or suppose I want to remove ...
9
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1answer
3k views

Why does bitstamp have two addresses for Ripple?

The bitstamp address "to trust" is rvYAfWj5gh67oV6fW32ZzP3Aw4Eubs59B, however when you withdraw money, it you get it from rrpNnNLKrartuEqfJGpqyDwPj1AFPg9vn1 instead. Why? With weexchange I got the ...
9
votes
2answers
458 views

Who earns transaction fee in Ripple?

In Bitcoin, fees are earned by the miners. Who earns the transaction fees in Ripple?
9
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1answer
2k views

How to create a ripple gateway?

I want to know what to do if I want to create a ripple gateway, so that people can use it and exchange on it. Where do I start?
9
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3answers
791 views

How can a currency be added to Ripple?

I would like to add New Israeli Shekels (ILS) into Ripple. How do I go about doing that? To clarify, when I try to enter ILS in the Trust page, it doesn't recognize it. I see that I can still add ...
9
votes
2answers
723 views

How will Ripples be distributed?

What is the distribution plan to get Ripples (XRPs) distributed to the general public? How will hoarding / spoofing be tackled? (E.g. with a faucet based on Google account auth, one could open ...
8
votes
5answers
611 views

When does OpenCoin Inc intend to make the Ripple server code public?

Is there a definite timeline or not? Thank you.
8
votes
1answer
559 views

What is the difference between Ripple and Stellar?

I went through the site but I don't see how Stellar differs from Ripple. I see that there are differences in distribution, everything is made open source from day one and the company is non profit ...
8
votes
1answer
336 views

Won't ripples run out in time?

If there are a finite number of ripples, and ripple transaction fees get destroyed with each transaction, then wont they eventually run out?
8
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1answer
837 views

Does Ripple allow one to issue their own currency?

Does Ripple allow one to issue their own currency, similar to how ripples (XRP) were created at the system's inception?
8
votes
2answers
3k views

I created a ripple account … what next? (how do I start?)

I have a ripple client set up, but I can't do anything useful such as viewing the order book etc. Since the site is in beta, BTC and other currencies are not supported... only ripples. Basically I ...
7
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2answers
784 views

Who are the core developers behind Ripple?

Who are the core developers behind the Ripple system?
7
votes
1answer
589 views

What is the Ripple equivalent of the “51% attack?”

In Bitcoin, if a participant gains control of more than 50% of the hash power, they can execute a double-spending attack. The "attack" could come from within, say if the existing powerful miners ...
7
votes
3answers
223 views

With Ripple, can I send IOU without setting a trust?

I have a simple question. User A wants to send to user B some IOU. There is no trust between A and B. There is no possible risk for user B. Can this be done without establishing a trust line? If no, ...
7
votes
2answers
568 views

With Ripple, how do Gateway IOUs work?

A Gateway must do two things accept some form of deposit from a user and give the user Gateway IOUs. (Other -> ripple) accept Gateway IOUs from a user and send that user payment. ...
7
votes
3answers
144 views

Does using Ripple to accept Bitcoin reduce risk of Bitcoin fraud?

Does Ripple reduce the risk of double-spending, or other types of issues that may crop up when using Bitcoin natively?
7
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1answer
408 views

What is the exact consensus protocol Ripple uses?

Ripple supposedly incorporates transactions into the ledger using a consensus protocol. I have been looking everywhere for a clear, formal, and precise specification of the protocol and could not find ...
7
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1answer
564 views

What are Ripple's weaknesses?

Bitcoin's vulnerabilities are well documented. Is there are similar document for Ripple?
7
votes
1answer
102 views

How can I use Ripple to accept Bitcoin, USD, and other currencies on my site?

I don't want to limit myself to just using Bitcoin on my site, especially when there are other interesting Alt-coins on the market. I'm pretty sure I can use Ripple to accept Bitcoin, however I'm ...
7
votes
2answers
539 views

Bitcoin without mining

Several months ago I've stumbled an interesting question about the Ripple system: How does Ripple solve the double-spend problem? Specifically about how double-spending is solved in Ripple. As you ...
7
votes
2answers
4k views

Where to get initial ripple funding?

So I have created a ripple account and now I need to get funded with 100 XRP to get started and be able to grant trust, otherwise the account is pretty much useless. In bitcointalk, there is a ...
6
votes
3answers
807 views

Are Ripple IOUs fungible?

If you hold an IOU from a gateway for $1,000, there's a good chance you'll be able to pay that to nearly anyone at very close to face value. If you have an IOU from some random guy for $1,000, ...
6
votes
1answer
1k views

How exactly is my account/wallet at ripple.com secure?

Ok, I have my wallet name, passphrase and secret account key issued by 'the network'. Now say that ripple.com is under DDOS attack or, for whatever reason closes for a month or even becomes ...
6
votes
1answer
346 views

In Ripple, when an IOU is defaulted upon, who gets hurt?

Let's say there are five people. Alice <-> Bob <-> Charlie <-> David <-> Eve Each of them trusts the person next to them. For instance, Charlie trusts Bob and David, but not Alice ...
6
votes
1answer
809 views

How exactly is Ripple decentralized when OpenCoin has the power to abuse the ripple system?

Let us assume in a best case scenario, the Ripple system gets opensourced this year and the 50 billion XRP are distributed fairly to many people in the world. One of the reasons of having XRP ...
6
votes
1answer
601 views

Is Ripple's trade history recorded?

Currently there isn't a graph of the ripple trade values. I'd like to know if each trade is recorded in the Ripple's equivalent of the blockchain, so that if in future someone wants to build such ...
6
votes
1answer
213 views

Could the Ripple protocol be modified to allow funding your initial account with BTC?

See How can you buy XRP with BTC if you don't have any XRP? Currently, there's no way to open an account with direct access to XRP. Could the ripple protocol be modified to include a way to open ...
6
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1answer
247 views

Is there any chance of the Ripple gateway market NOT consolidating into a small transnational oligopoly?

Bigger and better reputations might beget more business and so on. What can possibly prevent emergence of a small oligopoly of transnational Ripple gateways ?
6
votes
1answer
875 views

Does Ripple ever charge proportional transaction fees?

I spotted this sentence in WeExchange (a ripple gateway): *: The ripple network may charge up to a 1% fee if you are withdrawing to an address that does not trust WeExchange for the amount. What ...
6
votes
1answer
322 views

How divisible are ripples?

How divisible are ripples (XRP)? With 100 billion of the currency units being created at system inception one could assume that they are akin to satoshis, but during the operation of the system I ...
6
votes
2answers
287 views

How to accept payments via Ripple on a website

A web search led to Ripple.com. Is it possible to add the payments via Ripple payment to an e-commerce website? Where can i find source code to implement such Ripple payments? For example, there are ...
6
votes
2answers
480 views

How is a Ripple gateway different than a conventional bank?

Everything I've read so far suggests that a Ripple "gateway" is just like a bank. How is it different than a conventional bank? Is it possible to have a bank of banks (central bank) in Ripple?
6
votes
2answers
272 views

How does Ripple solve the sock-puppet problem during consensus?

I'm under the impression that Ripple uses a consensus based system in order to determine which of two payments is the authoritative one, with the other getting rejected due to a lack of proponents. ...
6
votes
2answers
2k views

Ripple XRP in circulation [duplicate]

From the 100 billion of total XRP, 20 billion went to the founders and 30 billion to OpenCoin to fund development. The 50 billion remaining are supposed to be given away to promote Ripple. Is there ...
6
votes
1answer
2k views

Does Ripple give an advantage to early adopters?

I really believed in the idea behind Bitcoins from the start, and because I was an early adopter, I made some nice profit. Now I forecast a big future for Ripple too, but I don't see many ways to ...
6
votes
2answers
419 views

Is there a ripple whitepaper?

I'm interested in doing some research on the ripple system. Is there a whitepaper which explains the underlying fundamentals and how they are realised? I know about the Wiki, but that is not citeable ...
6
votes
1answer
114 views

How does Ripple decide which offer to fulfil if they offer the same rate?

If two offers have the same exchange rate, how does Ripple decide which one to fulfil first?
5
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1answer
3k views

How Ripple is different from Bitcoin and other crypto-currencies? [duplicate]

How Ripple is different from bitcoin and other crypto-currencies? What does Ripple do that is different from bitcoin? Riple and Bitcoin are two different implementation of p2p currency and fund ...
5
votes
1answer
475 views

How can we be sure that Open Coin would not create more than 100 billion XRP?

ripple server code is still private and beta. There is no legality preventing Open Coin to print more XRP now as it is a private company and the network is not at a stage where it is wide scale ...
5
votes
5answers
2k views

How can you buy XRP with BTC if you don't have any XRP?

As far as I know the best way to buy XRP for BTC is from the Ripple client ... which requires some XRP to begin with. If you own 0 XRP and some BTC, how can you get started acquiring XRP?
5
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3answers
2k views

I traded XRP for BTC. How do I withdraw my bitcoins from ripple.com?

I traded XRP for BTC. How do I withdraw my bitcoins from ripple.com? I guess I need to withdraw to bitstamp.net somehow?
5
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1answer
337 views

“Fidor to integrate Ripple protocol”, what does that mean?

On Monday Ripple Labs announced that Fidor Bank AG will be integrating the Ripple protocol later this year. Has somebody found concrete statements what this will entail? Will Fidor Bank AG only ...