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 ...
- 131
10
votes
Accepted
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. ...
- 51.4k
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 ...
- 346
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 ...
- 786
6
votes
Accepted
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 ...
- 68.5k
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 ...
- 109
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 ...
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 ...
- 1,133
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 =...
- 314
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 ...
- 51.4k
4
votes
Accepted
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 ...
- 7,348
3
votes
Accepted
Specification of Transaction Inputs - Bitcoin vs Ripple
Advantages of UTXO/blockchain approach:
You don't have to pay to addresses that refer to accounts. Transactions can pay to unique rules or conditions that can exist only as the rule to claim a ...
- 51.4k
3
votes
Is Ripple centralized or decentralized?
Are people still fighting about this or have they come to a consensus?
I'm probably the worst person to represent whether there's a consensus or not since I'm one of the designers of Ripple. But the ...
- 51.4k
3
votes
Why are the fees for converting Ripple to Bitcoin so high?
This is most likely explained by the high fees on bitcoin. These services still have to move the bitcoin from one wallet to another and you have to pay a fortune at this time, about $6- $19. You didn'...
- 31
3
votes
Accepted
What is the purpose of the 20 XRP cost to start a wallet?
Unlike a bitcoin receiving address, a funded Ripple wallet is a real thing on the ledger that has properties. This has advantages and disadvantages, but one of the disadvantages is that there's a cost ...
- 51.4k
3
votes
What is the advantage of running a Ripple masternode?
The same reason someone would run a bitcoin full node. If you want to transact on the network, you either have to run your own node or use someone else's. If you choose to use someone else's, you are ...
- 51.4k
3
votes
Is there a testnet version of data.ripple.com -- the Ripple Data API v2?
At https://medium.com/interledger-blog/sending-out-of-the-interledger-network-9f42c1217c72 there was a link to https://testnet.data.api.ripple.com/v2/ which seems to be what I was looking for.
- 241
3
votes
Accepted
Ripple: How to calculate transaction ID (TXID)
The transaction ID is calculated by prepending the bytes 0x54, 0x58, 0x4e, 0x00 to the signed transaction and then taking the SHA512Half of this input.
Example for a signed transaction, bytes are ...
- 1,047
3
votes
Accepted
Ripple difference between source and destination tags
The ledger itself doesn't really care what tags you attach to a payment. They're just used to help exchanges or wallet services know who to credit for a payment.
The standard use of the a destination ...
- 51.4k
3
votes
Accepted
Will Bitcoin copy Best Features of Litecoin, Ripple, if its Open Source?
Proponents of Bitcoin always mention that Bitcoin is Open Source, so if any better cryptocurrency comes along, Bitcoin can just copy those features in their open source.
Bitcoin can of course adapt ...
- 102k
3
votes
Will Bitcoin copy Best Features of Litecoin, Ripple, if its Open Source?
People have heterogeneous visions for Bitcoin. Some people want it to be a digital gold, some value censorship resistance most, others want it to rival digital payment systems like PayPal. Given that, ...
- 72.7k
2
votes
Why can't I spend my reserve XRP and delete my address from the network?
Changing the Reserve Requirements
The XRP Ledger has a mechanism to adjust the reserve requirements for long-term changes in the value of XRP. Any changes have to be approved by the consensus ...
- 21
2
votes
I want to buy some xrp and hold them offline
Download "ripple-paper-wallet" https://github.com/OctillionSA/ripple-paper-wallet
Open index.html (HTML/javascript) in a browser (on a PC without Internet, better a fresh new OS).
Write down or Print ...
2
votes
BTC to BTC trades on Ripple
The counter-parties are different.
In Ripple chain: BTC has an issuer, it can be Bitstamp, Snapswap, Gatehub or any other gateway. So if you send your BTC to Bitstamp, they will give you BTC (issued ...
2
votes
Ripple: How is an UNL (unique node list) constructed?
Most servers aren't validators and so cannot appear on anyone else's UNL.
- 51.4k
2
votes
Accepted
Is it still possible to issue your own assets on Ripple?
It is definitely still possible to issue your own assets. Here is the process:
Create an account on the Ripple network, you will need to get someone to send you enough XRP to perform transactions, $1 ...
- 51.4k
2
votes
Buying Ripple XRP with Bitcoin BTC
The usual process is this:
You create an account on the exchange.
You go through their menus to deposit bitcoins.
They give you an address to send bitcoins to.
You withdraw from Coinbase to that ...
- 51.4k
2
votes
How are 'Not Mineable ' cryptos able to verify transactions?
I'm not sure about Ripple, but I know IOTA specifically uses each transaction to confirm the transactions around it. So instead of a dedicated miner, each user is essentially a "miner" for the short ...
- 21
2
votes
What happened to the original Ripple Project?
Why does the current Ripple protocol require a global consensus?
Can someone use the old Ripple design to make money between people actually work in a local community without a global singleton ...
- 29.3k
2
votes
Destination Tag of Ripple Desktop Wallet
I've never seen an exchange that required a destination tag even when sending to an account that doesn't require one. But any destination tag will do. The destination tag just tells the recipient ...
- 51.4k
Only top scored, non community-wiki answers of a minimum length are eligible