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23 votes
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How does one mine Stellar

The Stellar network does not have a mining-based currency. At the network's genesis, 100 billion stellars were created. The only other stellar creation mechanism is inflation. To account for both ...
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13 votes

How Ripple actually transfer money from one bank to another?

I think it's necessary to first consider the question: Without ripple, how do banks "actually transfer money" from one bank to another? Suppose that you and I are banks, and I want to send you $10 ...
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  • 131
11 votes

What is the difference between Ripple and Stellar?

[Note: This answers the question as written and at the time it was written (and for quite some time afterwords). See a later answer for the current state.] The Stellar code is a straight fork of ...
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  • 1,754
10 votes
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How Ripple actually transfer money from one bank to another?

The way Ripple's public ledger system works is that you propose a payment by specifying the source and destination accounts and currencies and then the system gives you a quote based on public offers. ...
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9 votes
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"Fidor to integrate Ripple protocol", what does that mean?

After digging some more and finding pretty much every possible interpretation on different media outlets, I just called Nick Riegger, the press spokesman of Fidor Bank AG. According to my ...
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  • 63.5k
9 votes

What are the differences (and value adds) among all the different Crypto Currencies?

99% of altcoins claim an "innovation" that is broken or unproven. I would say that the first thing to do is look at unique codebases that aren't based on Bitcoin, which basically means (besides ...
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7 votes

What is the difference between Ripple and Stellar?

Stellar rewrote their code base using a different consensus algorithm (https://www.stellar.org/papers/stellar-consensus-protocol.pdf). Now the technology is quite different than ripple's.
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7 votes

What are the differences (and value adds) among all the different Crypto Currencies?

A very large majority of these altcoins are essentially scams. There is a cottage industry that takes a coin, changes something minor (name, logo), and releases it with great fanfare, enticing people ...
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6 votes
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How can I use Ripple to accept Bitcoin, USD, and other currencies on my site?

You may also be interested in an answer to "How to accept payments via Ripple on a website". It depends on if it makes sense to you to price your product or service in Bitcoin or in some other ...
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  • 1,754
6 votes

What is the difference between Ripple and Stellar?

Stellar actually consists of two entirely different code bases at this point. It started out as a fork of the ripple code base. That software, called stellard, is still running in production. ...
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6 votes
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Is there a local wallet for Ripple?

Ripple Labs makes a downloadable client available. You can store wallets in a local file, encrypted with a passphrase. The source code is available on github along with build instructions.
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5 votes
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Why does Ripple needs to have a long ledger?

First note that Ripple uses the term ledger slightly differently than general use. In Ripple a ledger is the set of all Ripple accounts, all their current balances, all open trade offers, and only ...
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  • 1,754
5 votes
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How to accept payments via Ripple on a website

There are some existing sources of information for merchants wishing to use Ripple: Brief introduction and overview of Ripple for merchants Merchant's section/pages on the Ripple wiki If you are ...
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  • 1,754
5 votes

Is Ripple centralized or decentralized?

According to Ripple: Ripple for Financial Institutions Financial institutions, network operators and regulators play critical roles scaling and providing stability to payment systems. Ripple enhances ...
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5 votes
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What database engine does Bitcoin and other top altcoins use?

It depends on the implementation. The network itself does not have a database engine. Bitcoin Core and software derived from it (most altcoin software is derived from Core) uses LevelDB to index the ...
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  • 61.5k
4 votes
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Must I have an account with every gateway I use as an issuer?

Where can I find the address? The address you need to trust to hold Bitstamp issued currencies is available from the Bitstamp website, but as you noted, you must be logged in to see the relevant page....
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4 votes

Does using Ripple to accept Bitcoin reduce risk of Bitcoin fraud?

With Bitcoin there are various ways to mitigate the risks and issues you mention to allow some use of payments with zero confirmations instead of waiting for sufficient confirmations to be sure the ...
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  • 1,754
4 votes

What is Ripple and how does it compare to Bitcoin?

Ripple is trying to replace SWIFT, the protocol for inter-bank transfers. To me it makes sense because, those systems are (according to my understanding) quite antiquated. So blockchain hype has ...
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4 votes
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Does Ripple use an RDBMS? If so, which one?

The ripple server uses SQLite for structured data and a configurable "back end" for unstructured "bulk" storage. The structured data consists of things like transactions indexed by which accounts ...
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4 votes
Accepted

ripple consensus - mathematical certainty for all unl graphs?

The conclusion that no consensus has been reached is a valid conclusion and can result due to poor topology or Byzantine failure. Certainty is always with respect to something that has occurred in the ...
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4 votes

What is the reason for using PoW in bitcoin?

Why is it not designed in a way to use consensus algorithms what ripple uses? A consensus algorithm requires that you can trust contributing nodes. Otherwise, you're open to a Sybil attack, where an ...
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  • 4,347
4 votes

What purpose does XRP serve in the ripple protocol?

It's not clear how you're imagining doing what Ripple does with Bitcoins, so it's hard to say whether you're correct or not. If you mean with the Bitcoins still being transferred on the blockchain ...
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4 votes

Is Ripple centralized or decentralized?

I think this is pretty accurate about Ripple. They are more centralized because of all the regulations they are complying with in order to combat anti money laundering and other know your customer ...
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4 votes

Ripple testnet explorer

There is a variant of viewing the transaction history at a certain address: http://ripplerm.github.io/ripple-wallet/ Dont forget to switch the network to the test in the upper left corner. Good luck =...
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4 votes
Accepted

Ripple validator nodes

Are ripple validation nodes appointed by central authority? No. Nobody has any particular right to tell anyone what validators to use or listen to. If not, what prevents 51% attack through ...
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4 votes
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Ripple: what’s the difference between “block” and “ledger”

Bitcoin In bitcoin, there is no concept of accounts, users, balances and payments. The bitcoin blockchain just stores the history of all the transactions that have happened. Each block contains ...
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  • 6,908
3 votes
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Can a Ripple Transaction Sequence have gaps?

For a transaction to be processed it must use the very next available sequence number (as returned by account_info). If an otherwise valid signed transaction has a sequence number too small (matching ...
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  • 1,754
3 votes
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Why can't I spend my reserve XRP and delete my address from the network?

The issue is that for safety reasons Ripple currently has no way to remove the account root ledger node to completely remove a Ripple account. Since the reserves exist to help limit the size of the ...
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  • 1,754
3 votes
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How to preserve anonymity within Ripple?

Note, anonymity isn't a design goal for ripple. Depending on the level of pseudo-anonymity required, gateway and future features of Ripple would likely be easier (and more cost effective) than using ...
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  • 1,754
3 votes

Ripple partial payments

It's the choice of whatever is doing the display how it wants to display the information the Ripple network provides. The original transaction is provided. This contains the source account, the ...
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