Questions tagged [ripple]

Questions about Ripple are off topic. This tag should be used for questions regarding Ripple, an alternative cryptocurrency. Such questions can include how Ripple works and things that can be done with it. Ripple is also known by its ticker symbol, XRP.

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40
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2answers
5k 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 ...
2
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1answer
578 views

Is Ripple's UNL list maintained by the network?

Who maintains the Ripple UNL list? This says We periodically poll our sources. If they mention a new node with a score over an amount, we add the node to our trusted core set. Who is "we"? Are "...
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2answers
5k 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 ...
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1answer
4k 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?
7
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1answer
1k views

What is the exact consensus protocol Ripple uses? [closed]

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 ...
2
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1answer
1k views

How to obtain trades from the websocket transaction feed?

I am having a hard time figuring out how to extract trade information (i.e. a payment relative to an offer) from the Ripple websocket transaction feed. From my current understanding, I guess there ...
6
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1answer
1k 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 ...
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2answers
2k 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 ...
8
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1answer
1k 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?
2
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1answer
245 views

Ripple network overhead

I like the way Ripple provides effectively instantaneous transaction verification. When building consensus how much traffic and their equivalent of orphan blocks are accumulated? Is communication ...
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1answer
1k views

What is the algorithm for generating a Ripple address from a ecdsa public key?

I know it is some combination of sha256 and ripemd160 that is used on the public key component to obtain the Ripple wallet address, but what is the specific algorithm?
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1answer
1k views

What are the transaction fees with Ripple.com?

https://ripple.com/how-ripple-works/ While Ripple does not charge a typical fee for profit, each transaction does require a small portion of a ripple (equivalent to ~1/1000th of a cent) for ...
5
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1answer
1k views

How long will it take for OpenCoin to distribute the 50 billion XRPs?

Out of the 100 billion XRP that can ever exist, the founders kept 20 billion while OpenCoin received the remainder of 80 billion. From that 80 billion OpenCoin will sell 30 billion to fund ongoing ...
4
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1answer
1k views

What do the “Fetch Wallet” options when opening a Ripple wallet mean?

When I open a Ripple account, I can choose to fetch my wallet from Payward, Local Browser Payward Local Browser What does this mean? Can someone elaborate on the differences, and when is each option ...
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1answer
538 views

How to assign destination tags to users for ripple address.

I am integrating ripple for my trading website and what I know is that the ripple address is common to all the users but we need to provide destination tags to identify the user. So my question is how ...
21
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3answers
2k views

What is Ripple and how does it compare to Bitcoin?

What is Ripple, and how does the system compare to Bitcoin?
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2answers
2k 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 ...
5
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1answer
2k views

Is it still possible to issue your own assets on Ripple?

I was talking to some folks interested in facilitating trade of non-monetary assets (power to be specific). I was thinking that Ripple as a platform may be more suited for such trades than Bitcoin. ...
17
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4answers
1k 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, ...
6
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1answer
2k 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 ...
4
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7answers
9k views

Is Ripple a scam? [closed]

Is Ripple a scam, as claimed by a website and forum thread?
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 ...
5
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1answer
6k views

How do I backup my Ripple wallet?

Ripple uses a Blob Vault structure to hold the wallet, but it currently resides on one centralized endpoint. It might be prudent to back up your wallet. How is it done?
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5answers
7k 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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2answers
5k views

What are the ways to create an offline Ripple wallet?

Do I have to download/compile my own version of the client? Is there a difference between the Ripple and Bitcoin wallet address creation methods, or can I use, say brainwallet, also for Ripple? Note: ...
4
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1answer
978 views

Ripple Distributed Consensus Algorithm

What kind of a Consensus Algorithms does ripple use? Is that a leader or leaderless distributed consensus algorithm? Then what?
4
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1answer
431 views

What use are ripples?

In the Ripple system we have two types of currencies - ripples and all other currencies useful for transacting with people in your web of trust. Ripples are the only currency in the system that can be ...
4
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1answer
579 views

How is a Ripple address constructed?

How is a Ripple address constructed? Is it similar to how a Bitcoin address works albeit with a different net byte, or are there some more differences?
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2answers
760 views

Does sending non-ripple-money through Ripple require two people to be connected through a web of trust?

Say we have two people - first one puts some money into their Ripple address through a use of a gateway. They are not trusting anyone on the network, but need to send their money to a second party ...
3
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1answer
295 views

Is Ripple's distributed exchange scalable?

This question asks about the scalability of Ripple in general, and has an ok answer. However, it doesn't mention the distributed exchange built in Ripple. How is its current/future architecture ...
3
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1answer
2k views

How can one remain relatively anonymous while using Ripple?

Inspired by this and that. What can an individual that uses Ripple do in order to remain as anonymous as possible? How do Ripple's "anonymity profile" compare to Bitcoin? One specific difference is ...
1
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1answer
509 views

When a trade offer in Ripple incurs transit fees, who pays them?

When two trade orders in Ripple are matched and they incur a transit fee for exchanging IOUs, which of the parties pays the transit fee? Is this transit fee already included in the order or is it ...
11
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1answer
872 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 ...
7
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2answers
1k views

Who are the core developers behind Ripple?

Who are the core developers behind the Ripple system?
6
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1answer
261 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 ...
5
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2answers
19k views

How to restore a ripple wallet, having the security key?

If I try to login to ripple.com I get this message Fetching wallet... Payward Wallet not found (Username / Password is wrong) Local browser Wallet not found (Username / Password is wrong) It might ...
4
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1answer
2k views

What is Joel Katz' role in Ripple?

I see quite a few answers from Joel Katz, and a friend of mine referred to him as "a Ripple founder". Is this true? His name is not mentioned on this question.
4
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1answer
2k views

Is Ripple.com scalable?

What is the Ripple equivalent to https://en.bitcoin.it/wiki/Scalability ?
3
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1answer
442 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 ...
3
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1answer
405 views

How will Ripple affect Bitcoin exchanges?

Will every Bitcoin exchange be under pressure to also operate as a Ripple gateway in order to gain access to the additional liquidity that Ripple creates for markets?
2
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1answer
495 views

Is it possible to execute a double-spending attack in Ripple during a network split?

From the spec (emphasis added): Under a net split, a ledger may be closed by the minority of network, this ledger may be discarded in the future. Does this mean it would be possible to spend twice,...
2
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1answer
444 views

With Ripple, is it possible to have XRP IOUs?

Just as there are USD IOUs, EUR IOUs, BTC IOUs, and so on, is it possible to have XRP IOUs in the system? If yes, could XRP IOUs be used as transaction fees?
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0answers
136 views

Ripple ledger hash generation efficiency. How hard is it to generate the ledger hash? [closed]

According to Ripple, at every round, validating nodes generate the ledger hash, which contains the account_hash, which is the hash of the state tree, which contains all the ledger objects, including ...
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0answers
1k views

How can I recover access to Ripple wallet [closed]

I have been 'playing' with my account at ripple.com. Among other things I tried to access another Bitcoin issuer (server, gateway?) by typing and saving WeExchange address in Advanced, Options, Web ...
1
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1answer
540 views

Specification of Transaction Inputs - Bitcoin vs Ripple

In Bitcoin, the transaction inputs (UTXOs) are specified as a tuple (transaction index, vout) since there is no notion of an account in the bitcoin system and the address (pointed to by vout) alone ...
1
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1answer
357 views

How to create more ripples?

What is the exact procedure for creating more Ripple currency units (XRP) in excess of the default 100 billion that already exist?