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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7k views

What is the purpose of the 20 XRP cost to start a wallet?

Does the money stay in the wallet or is it used to pay for something? If it's used to pay, who does it go to? If it stays in the wallet, am I allowed to take it out and drain the wallet later ...
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What database engine does Bitcoin and other top altcoins use?

I'm curious to what database engine does Bitcoin and other altcoins use to store their blockchain data. Do they all support sql queries or is it something else? The main ones I'd like to know are: ...
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1answer
350 views

Are ripple transactions reversible like how a CC chargeback works?

Does ripple take the properties of bitcoin where its irreversible?
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1answer
186 views

Are transit fees supposed to be common in Ripple?

In addition to transaction fees, Ripple also has transit fees when exchanging IOUs. Is it supposed to be common to pay transit fees, or is it for rare cases only? How much would the transit fees ...
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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 can we do with XRP?

I'm trying to get my head around XRP, "the native currency of the Ripple network". I understand that it's a currency that's only used within the Ripple platform to allow for transactions and serve as ...
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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?
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1answer
310 views

How are Ripple transaction fees “destroyed?”

What is the exact process by which the transaction fees are "destroyed?" Are they sent to a special account, or simply erased from the ledger?
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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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465 views

What is the best way to implement micropayments with Ripple?

I'm interested in the following use cases: Web content Voice and media traffic For the first case, it would be ideal to be able to include some sort of proof in a custom HTTP request header showing ...
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1answer
363 views

Can I be held liable if a gateway vanishes?

I'm beginning to wonder what my liabilities may be once I start using a system like Ripple. For example if a gateway I'm using (say Bitstamp) suddenly vanishes, could I, as a user of Ripple and ...
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How do I exchange the issuer of my BTC in Ripple?

I see Ripple now has 2 Gateways, WeExchange and Bitstamp. I sent 1 BTC to WeExchange, and got in return 1 "WeExchange BTC in Ripple". How do I exchange it directly for 1 "Bitstsamp BTC in Ripple"? ...
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Is the otherwise promising Ripple set to become a great currency fraud? [closed]

The Ripple system is really interesting, but on one point I can't help thinking part of it is a great scheme to make the founders (and OpenCoin) ridiculously rich. The reason that makes me wonder is ...
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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 ...
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512 views

How big is the Ripple network? [closed]

The size of the Bitcoin network is available here: http://bitcoinstatus.rowit.co.uk/ As the page says, they do this by listening for Address messages that are broadcast over the network. Since the ...
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What is the advantage of running a Ripple masternode?

There is one thing that I cannot stop wondering about: Why would someone run a Ripple masternode? Before you mark this as a duplicate, I understand how the transaction fees work in Ripple and also the ...
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1answer
663 views

Ripple ledger time format?

I am wondering what is the format used in Ripple ledger time? For example, one of the most recent ledgers had close_time of 447299110. I initially thought it was UNIX time, but the current time was ...
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1answer
143 views

How are offers matched up on Ripple trades?

I'm trying to better understand how buy and sell offers work on the Ripple network. Let's say Alice creates a new Ripple currency, calls it XYZ, and describes it to her friends Bob and Carol. Bob ...
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1answer
215 views

What are the special Ripple accounts ACCOUNT_ZERO, ACCOUNT_ONE, and root account?

What are the special accounts ACCOUNT_ZERO, ACCOUNT_ONE, and root account? It's not clear from the Ripple wiki what they are meant for. A little explanation would be nice. What makes these accounts "...
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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 ...
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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 ...
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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 ...
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1answer
872 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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1answer
4k views

What purpose does XRP serve in the ripple protocol?

I have been reading over this document that Ripple Labs put out. The document says that: XRP is there to provide two key functions: to prevent abuse of the system and to act as a bridge currency ...
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273 views

Does Ripple use an RDBMS? If so, which one?

Do Ripple servers use RDBMS? If so, which one? I think I remember reading that Bitcoin uses some sort of file database. Same for Ripple?
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258 views

Must I have an account with every gateway I use as an issuer?

In the Ripple Client, in order to convert to BTC, I need to select a Base Currency (it currently says BTC ???.) I searched for a Base Currency Issuer address and found how to grant trust to BitStamp,...
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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 ...
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1answer
241 views

What are all the different fees used in Ripple?

This article mentions two fees: 200 XRP for creating an account 50 XRP for creating a credit line Is the credit line fee one time or per credit line? Are there any other fees in Ripple? Is there a ...
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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 ...
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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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841 views

Who has copied or reimplemented Ripple?

There have been almost an infinite amount of Bitcoin clones, but I have yet to see a Ripple clone or a Peercoin clone for that matter. I'd include Nextcoin, but I don't think the full source has been ...
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188 views

What is the ECC key length for OpenCoin's implementation of Ripple?

http://www.reddit.com/r/Bitcoin/comments/1lubl1/wired_oped_worries_that_elliptic_curve/cc2vhos suggests that key lengths < 500 bits are no longer considered secure from the NSA. What key length is ...
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1answer
1k views

Ripple wallet name?

If I'm reading the website right, it's saying that both Wallet passphrase and name should be kept private. I now have a conundrum of which name to choose. Should I put my default username (public, ...
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1answer
214 views

Using Ripple for assets accounting, loans, deposits, stock exchange, etc

If Ripple can handle money as exchanger, is it possible to use it for other financial operations like assets accounting, loans, deposits, stock exchange etc.?
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1answer
592 views

How does Ripple decide on the exchange rate between different currencies?

When A pays in USD but B receives EUR, how exactly does Ripple decide on the EUR/USD exchange rate?
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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?
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1answer
423 views

How can I measure outstanding debt? How much “stored value” is in Ripple at any given moment?

Is there any way to measure how much stored value is in Ripple at any given moment? I read that that people who are risk averse won't store cash in Ripple for long periods of time, and will redeem ...
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1answer
274 views

BTC to BTC trades on Ripple

I see some BTC to BTC trades on Ripple. Are these just transfers from one exchange to another? Or, is Ripple being used as a mixer?
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1answer
250 views

How to block a Ripple account from a Gateway's perspective?

I heard a few months back that Ripple enabled users to set their account to block other accounts from holding their IOUs. A feature probably aimed at Gateways to be able to freeze balances of blocked ...
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1answer
161 views

How can one find everyone holding IOUs from a given issuer in Ripple?

In Ripple, anyone can issue IOUs, which later can be passed on to other parties in the network through a web of trust. How can one find every account holding IOUs from a given issuer? Would it need to ...
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2answers
1k views

Can Ripple XRP be a good store of value with >50% ownership known?

The fact that the vast majority of XRP ownership is known represents from my point of view the main threat to the value of the currency and the project itself. Do Ripple founders and OpenCoin have ...
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1answer
537 views

Does Ripple has support for HD wallets?

I know Bitcoin supports HD wallets. In simple terms, child keys are generated for the private and public keys. And the child key can be used to restore a wallet. I was wondering whether this kind of ...
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2answers
260 views

Are my ripples gone?

Long time ago I registered on ripple.com and had some ripples there. I still remember my login/password but the site is completely different now and it looks like there is no option to log-in anymore. ...
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1answer
809 views

Get available exchange rates of Ripple's built-in exchange

I'm not hundred percent sure I got the whole principle of Ripple right. But as far as I could understand it is possible to deposit a currency into my ripple account/wallet via a gateway (e.g. USD via ...
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1answer
860 views

Is there a rippled Windows binary available for download?

Is there a compiled Windows binary for the Ripple deamon rippled available for download? I only found its source code...
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0answers
55 views

Execute multiple transactions atomically on Ripple [closed]

I would like to execute two transactions, e.g. one from account A to account B and one from account B to itself, atomically, i.e. either include both transactions in the ledger or none of them. This ...
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0answers
557 views

Is there a way to specify an invoice ID in Ripple URI? [closed]

In Ripple payment transactions we can specify an invoice ID that is used to make payments for a particular invoice. Is there a way to specify such an invoice ID in Ripple's URI scheme?
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2answers
2k views

How to withdraw all funds from a Ripple account?

I'm trying to close my account by withdrawing all my XRP into a new account. But the Ripple client insists on keeping a minimum balance of 50 XRP. How can I properly close this account?
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1answer
3k views

Is there a local wallet for Ripple?

The only wallet I can find for Ripple is the standard web client. I don't like the idea of always having to trust a web client with my keys. Is there a local-only client for the Ripple network? If not,...
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What Ripple API libraries are available?

I am wondering, what libraries are out there for communicating with Ripple through its API (either websocket or JSON RPC)?

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