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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10
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3answers
1k 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 ...
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0answers
107 views

Is there a Ripple address directory? [closed]

Not part of the protocol, but rather a 3rd party? A directory could be built starting from this thread, where a lot of known Bitcoin figures posted their Ripple address (myself included).
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2answers
196 views

How can I get email notification when I get or make a Ripple payment?

What's the easiest way to get an email notification whenever I receive or send a Ripple payment?
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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 ...
3
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1answer
150 views

Is Trust public in Ripple?

If I trust someone, does everybody see exactly how much I trust them? At some point, a public directory of Ripple addresses might emerge, and people will know exactly how much their friends trust ...
3
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1answer
93 views

Do the various Ripple clients leak any data about account names?

If I use the official client at Ripple.com, and add someone to my contact list ... does the information "I believe that X's Ripple address is Y" get stored anywhere in unencrypted form? Is it ...
6
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1answer
387 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 or ...
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3answers
1k 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, you ...
6
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1answer
294 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 ?
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2answers
627 views

Can Ripple gateways operate as fully transparent fractional reserve banks?

Any Ripple gateway that establishes a solid reputation will be tempted to switch to fractional reserve issuance of its own IOUs to increase leverage (which is exactly what the existing comercial banks ...
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1answer
125 views

Can Ripple facilitate business-to-business barter transactions?

Beverly Hills Hotel participates in the Ripple network and issues its USD-denominated IOUs which are redeemable for hotel stays. Beverly Hills Performance Car Rentals participates in Ripple network ...
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2answers
3k 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 ...
6
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1answer
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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 ...
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2answers
396 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. ...
5
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1answer
321 views

Can Ripple exist without ripples?

Can a system like Ripple exist without a currency like ripples? As they are not used to pay the peers in the system, and their supply / fee ratio is so large they do not appear to be stopping the ...
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 ...
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2answers
663 views

Who earns transaction fee in Ripple?

In Bitcoin, fees are earned by the miners. Who earns the transaction fees in Ripple?
11
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1answer
869 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 ...
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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2answers
670 views

How does a gateway IOU differ from any other IOU on the Ripple network?

How does a gateway IOU differ from any other IOU on the Ripple network? Say, if I got a $1000 from a gateway, does that make it a better currency than say, creating a second account and sending myself ...
3
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2answers
754 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 ...
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1answer
112 views

How is the Ripple cilent bootstrapped?

When the Ripple client starts, it connects to some initial servers. How does its find the initial list of servers it should connect to? Is the initial list hardcoded?
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2answers
1k 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. (...
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1answer
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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 ...
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1answer
548 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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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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1answer
66 views

Where can I find the current Ripple version number?

This page contains several milestones - versions 1,2,3. How can I find what version is currently running on Ripple.com?
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1answer
911 views

What is a Blob Vault?

The Blob Vault is a part of the Ripple project. What is it? The project should get a reamdme.
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1answer
891 views

Who operates WeExchange, the first Ripple Gateway?

Is it operated by OpenCoin, the company behind Ripple? https://weexchange.co/ https://ripple.com/wiki/Gateway_List
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1answer
357 views

Are there enough Ripples for everyone?

There is a finite amount of Ripple tokens (XRPs). If I recall correctly the amount is 100 billion XRPs. Opening an account requires 200 XRPs. So, are there only enough for 1/2 billion accounts, ever?...
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8answers
54k 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?
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1answer
875 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 ...
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2answers
2k 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 ...
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1answer
871 views

Do transactions in Ripple have a TXID of sorts, or not?

Do transactions in Ripple have a transaction ID of sorts just like Bitcoin transactions, or are they identified in some other way?
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3answers
3k views

How does Ripple's exchange work? [closed]

In Advanced/Trade tab there is a "BTC/XRP" box, and a "change issuer" link. I have no clue what should I do to post any buy or sell: I can freely modify the exchange currencies, and only USD/XRP ...
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2answers
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Who are the core developers behind Ripple?

Who are the core developers behind the Ripple system?
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1answer
2k 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 ...
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1answer
531 views

How does one get money into the Ripple system?

How does one get money into the Ripple system? There appear to be ways how one can lend various currencies in the system, but how does one get non-debt money into Ripple?
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1answer
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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?
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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 ...
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?