Crypto features: XRP

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XRP: rngMs78M2tUsLK2toWm7xb3kKDTCAdBfEm
XLM: GA2M5F3MU2LF4OGAUDNSDZE5OEKWK2K75Z37WEGG7F7XF7QIHRI3TN6J
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ALGO: LA7GK2ZYPZSZSWI7P5QGTN4KK2NGAQIZW5WXBTXJ7EXJTI3ZKKTWKT3LC4

Rippling
– In the XRP Ledger, “rippling” describes a process of atomic net settlement between multiple connected parties who have trust lines for the same currency. Rippling is an essential part of issued currencies, because it allows users who trust the same issuer to send issued balances to each other with the issuer as a passive intermediary. In a sense, rippling is like a passive, two-way currency exchange order with no limit and a 1:1 exchange rate for two currencies with the same currency code but different issuers.

– Rippling only occurs along the paths of a payment. Direct XRP-to-XRP payments do not involve rippling.

– For non-issuing accounts, rippling can be undesirable because it lets other users shift obligations between issuers of the same currency. Thus, the No Ripple Flag disables rippling on incoming trust lines by default, unless the account enables rippling by default by enabling the Default Ripple flag.
– https://xrpl.org/rippling.html

Gateways
– Gateways are the businesses that link the XRP Ledger to the rest of the world. An existing online financial institution can expand to act as a gateway in the the XRP Ledger. By becoming an XRP Ledger gateway, a financial services business can gain several advantages:

* By enabling its customers to send and receive value in the XRP Ledger, the business increases its value proposition to customers.
* By accepting payments from the XRP Ledger, the business increases the number of ways that customers can fund accounts at its business, even internationally.
* The business can use XRP Ledger-related services as a new source of revenue.

– This document explains the concepts and steps necessary to become an XRP Ledger gateway. In this document, we use a fictional online currency exchange named “ACME” and its customers as examples, to show how ACME can expand its business to include being an XRP Ledger gateway.

– decentralized exchange
– https://xrpl.org/become-an-xrp-ledger-gateway.html#become-an-xrp-ledger-gatewa

Issued assets
– All currencies other than XRP can be represented in the XRP Ledger as issued currencies. Learn more about how issued currencies function in the XRP Ledger.
– Trust lines
– Issued currencies in the XRP Ledger often represent value held by gateways in the world outside the XRP Ledger. The address that issues those funds in the XRP Ledger is expected to pay the balance back, outside of the XRP Ledger, when users redeem their XRP Ledger balances by returning them to the issuer.
– https://xrpl.org/issued-currencies.html

Escrow
– The XRP Ledger supports escrows that can be executed only after a certain time has passed or a cryptographic condition has been fulfilled. Escrows can only send XRP, not issued currencies.
– https://xrpl.org/use-escrows.html

Consensus
– The XRP Ledger uses a consensus algorithm to resolve the double spend problem and choose which transactions to execute in which order. Consensus also governs rules of transaction processing.
– https://xrpl.org/consensus-network.html

Hooks
– This is a fork of the rippled codebase incorporating the work-in-progress “Hooks” amendment. This amendment will allow web assembly smart contracts to run directly on the XRP ledger when completed and adopted.
– https://github.com/XRPL-Labs/xrpld-hooks

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Kane Dane