Questions tagged [ripple-trust]

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Is transaction validation in Ripple trust-based or trust-less?

In Ripple consensus, (1) Each validating server maintains a list of trusted servers known as Unique Node List (UNL). (2) Servers only trust the votes issued by other servers which are contained in ...
2
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1answer
159 views

Ripple JSON API - Can I use more than one destination while transaction?

In Ripple API, Is there any apis available to split payment which I can pass more than one destination address in single transaction. Let me share code: const RippleAPI = require('ripple-lib')....
2
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1answer
318 views

What happened to the original Ripple Project?

Today, Ripple is the third-largest cryptocurrency by market cap. It uses a consensus algorithm and its only clients seem to be large banks. They open sourced the code on github, but nodes have to be ...
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2answers
95 views

Ripple Asset Fees

How would you issue an asset with a fee and then have a customized fee structures once the asset starts trading? Such as Maker/Taker model or customized fees when transmitting the asset after the ...
6
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1answer
177 views

What happens in an extreme case if Ripple fails to make a consensus? Will that part of the network be segmented off?

What if the Ripple trust network becomes many trust hubs and spokes, and the hubs don't trust each other? In this extreme case, that could exist due to extreme network segregation, massive trust-...
9
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1answer
2k views

How exactly is Ripple decentralized when OpenCoin has so much XRP?

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 ...
4
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1answer
592 views

Do you need XRP reserves to receive trust lines?

As far as I understand, you need to keep some XRP in reserve for each trust line and for each open offer. Does that apply only for outgoing trust, or for incoming trust too? In the latter case, what ...
-1
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1answer
411 views

What stops Ripple users from creating a pyramid scheme with IOU's?

What stops the Ripple users from acting like fractional reserve banks or creating a pyramid scheme of debt? If the practice of over leveraging debt is prevalent how could this effect the Ripple ...
3
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1answer
435 views

Ripple: a strange send I don't quite understand

A few days ago I've sent Bitstamp through Ripple 0.3168 BTC. I had 0.4168 Bitstamp BTC before, and 0 BTC balance with everyone else. Now strangely I noticed that instead of Bitstamp owing me 0.1 BTC ...