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You're reading from  Ripple Quick Start Guide

Product typeBook
Published inDec 2018
Reading LevelIntermediate
PublisherPackt
ISBN-139781789532197
Edition1st Edition
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Author (1)
Febin John James
Febin John James
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Febin John James

Febin John James is presently working on building autonomous lending and borrowing protocol on the Ethereum blockchain. He also works as a tech and marketing consultant to ICOs and blockchain-based start-ups. He has years of experience in building and scaling tech architectures from scratch. His blockchain stories on Medium have gained a lot of popularity and have been translated into multiple languages. He writes for well-known publications such as Hacker Noon and freeCodeCamp. He is also the author of the book, Cloud is a Piece of Cake. Previously, he worked as the CTO of Boutline, a sports start-up. He has also bagged devices, cash prizes, and recognition from companies such as Intel, Blackberry, and Microsoft.
Read more about Febin John James

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Sending money

Now, let's learn how to send money from a Ripple account. In order to send money, we need to accomplish three things:

  • Prepare transaction: Here we define the source address, destination address, amount to be paid, and so on.

  • Sign transaction: You need to sign the transaction cryptographically with your secret key. This proves that you own this account.

  • Submit transaction: Once you sign the transaction, you need to submit it to the Ripple network for validation. Your transaction would be only applied to the ledger when the validators approve your transaction.

Prepare transaction

We prepare the transaction by defining the structure as per the specification mentioned in Ripple API's documentation...

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Ripple Quick Start Guide
Published in: Dec 2018Publisher: PacktISBN-13: 9781789532197

Author (1)

author image
Febin John James

Febin John James is presently working on building autonomous lending and borrowing protocol on the Ethereum blockchain. He also works as a tech and marketing consultant to ICOs and blockchain-based start-ups. He has years of experience in building and scaling tech architectures from scratch. His blockchain stories on Medium have gained a lot of popularity and have been translated into multiple languages. He writes for well-known publications such as Hacker Noon and freeCodeCamp. He is also the author of the book, Cloud is a Piece of Cake. Previously, he worked as the CTO of Boutline, a sports start-up. He has also bagged devices, cash prizes, and recognition from companies such as Intel, Blackberry, and Microsoft.
Read more about Febin John James