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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6
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1answer
669 views

Why does Ripple's consensus process have a 80% threshold?

A transaction is confirmed if 80% of the nodes in the UNL accept it. Where does this 80% number come from? Could it just as well have been 79% or 81%? What about 51%? Can different nodes have ...
6
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2answers
659 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?
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2answers
401 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
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2answers
673 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 ...
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2answers
5k 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
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1answer
3k 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
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1answer
137 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?
6
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1answer
179 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-...
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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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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?
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1answer
675 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 ...
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1answer
227 views

Can I use Ripple to keep track of loans to friends?

Say I already lent EUR 100.00 to a friend, in cash, quite informally. Can I use Ripple to keep track of it? If so, how? I guess I need to get him sign up at ripple.com (or get another Ripple client). ...
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1answer
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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
207 views

Is transaction malleability an issue in Ripple?

Are the algorithms used in Ripple vulnerable to transaction malleability?
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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 ...
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2answers
12k views

Why can't I spend my reserve XRP and delete my address from the network?

I understand the Ripple reserve system. You need some XRP in order for you to preserve your account into the Ripple network and additional XRP to assign trust line to your account. I also understand ...
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5answers
6k views

Ripple testnet explorer

This is Ripple main Explorer. But where can i find the transactions ledger from wallets on Ripple testnet.
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2answers
630 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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3answers
193 views

What is the appropriate forum for technical discussions about Ripple?

Is there a mailing list where software developers and other interested parties can have technical discussions about the Ripple source code and other aspects of the network? Bitcoin Stack Exchange is ...
5
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1answer
388 views

What does it mean that ripples are destroyed?

I learn that, whether involving the transaction fees, or in some other cases, ripples can be destroyed. What does it mean? If I was charged a fee, does that mean that nobody got that fee as a ...
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1answer
1k views

How does Ripple synchronizes its ledger?

Bitcoin decides on a global clock by the blockchain - every mined block is another tick of that clock. In Ripple, there is a global ledger that keeps advancing in time - the ledger number keeps ...
5
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1answer
850 views

What does a negative Ripple balance mean?

I just sold some BTC for XRP, and managed to get a negative balance. WTF? Transaction ID - E2D1BBD7A602E9D5B16FD79819A0347E18DED7F988F2F4C9EA3854BFCB4D3664
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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. ...
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3answers
2k views

What is the total value of XRPs or the market cap of Ripple? [closed]

On bitstamp today, $1 = 225XRP. That makes 100 billion XRPs worth $450 million. Ripple's a payment system that can't be used to buy anything yet and it's transaction credits are worth half a billion. ...
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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: ...
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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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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 ...
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1answer
322 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 ...
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1answer
460 views

Pros and Cons between Ripple payment verification and centralized authority's payment verification

I want to know the advantages and disadvantages between Ripple payment verification system and centralized authority's payment verification system.
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1answer
3k views

How do I restore a Ripple wallet backup?

In the Ripple client (as of 0.2.48-2) there is a way to backup a wallet to a text file. How can we use this file to restore a wallet (for example, to a new browser)? I am aware how to regain access ...
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2answers
447 views

Will ripple automagically use the ordebook when finding a path?

I have a question regarding this scenario. A (test-gateway) 28000 XRP in balance B (user1) trust line with A for 1000 USD 400 XRP in balance C (user2) trust line with bitstamp for 100 BTC 400 ...
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1answer
490 views

Law / country specifics to start Ripple Gateway

There is requirement in https://ripple.com/wiki/Gateway_Integration_Manual Gateways should comply with the BSA, have AML policies and require KYC information. As i understand this requirements can be ...
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1answer
689 views

What precautions should be taken to protect a Ripple wallet?

What if a Ripple wallet gets hacked? What are the suggested precautions for the average user?
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2answers
958 views

How can you view the Ripple orderbook without being logged in?

Is there a service that exposes the orderbook without requiring a Ripple account?
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7answers
9k views

Is Ripple a scam? [closed]

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

Why is Ripple's effective genesis ledger at 32570?

The documentation for Ripple says that the genesis ledger starts at 0 but the "effective genesis ledger" is at 32570, because some historical ledgers are "unavailable." Why is this, and what does it ...
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1answer
2k views

Is Ripple.com scalable?

What is the Ripple equivalent to https://en.bitcoin.it/wiki/Scalability ?
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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.
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1answer
916 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
1k views

How can Ripple trust lines be exploited to scam unknowing people?

This ripple forum post says moocowpong1 wrote: "She might also do this for free if she has IOUs from GatewayB and wants to convert them to GatewayA IOUs." She might also do this ...
4
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1answer
596 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 ...
4
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2answers
6k views

What is the relationship between the Ripple secret key and the wallet name/passphrase?

The Ripple client has both a wallet name/passphrase and a secret key, and to the newbie it's not clear why there are two secrets. The client advises the user to write down the secret key and keep it ...
4
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1answer
380 views

Is Ripple's Contract language intended to be Turing complete or sub-Turing complete ?

The wiki seems to imply Turing-completeness because no restrictions on jumps are specified here https://ripple.com/wiki/Contracts#Foundational_Ops. Which is it and what (if any) is the actual ...
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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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2answers
2k views

Is there a comprehensive list of Gateways' IOUs and fees associated with using them?

I am looking for information about the various IOUs issued by Ripple Gateways and what fees are associated with using them - namely fees to get the IOUs and transit fees.
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1answer
334 views

Are Ripple IOUs e-Money under European law?

It has been confirmed by multiple sources that Bitcoin is not electronic money according to EU Directive 2009/110/EC, mainly because it does not represent "a claim on the issuer" and does not have a "...
4
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1answer
908 views

When would I change my Ripple client's Web Socket IP and Blob vault URL?

What are the scenarios (value-add businesses) that would get users to edit the default ripple client and use a custom Web Socket IP: Port Blob vault URL Why even make this a configuration option? ...
4
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1answer
5k views

How to find BitStamp's Ripple address? [closed]

I see on the wiki that they're the 2nd Gateway, but don't see anything about it on their site.
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?
4
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1answer
534 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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