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You're reading from  Ripple Quick Start Guide

Product typeBook
Published inDec 2018
Reading LevelIntermediate
PublisherPackt
ISBN-139781789532197
Edition1st Edition
Languages
C++
Concepts
Cryptocurrency
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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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Important things you must remember

Following are some important points that you must when on Ripple:

  • Most transactions on Ripple follow the three-step process of preparing the transaction, signing it, and submitting it.
  • Transactions are applied only when validators approve the transaction.
  • When a check is created on Ripple, no money is deducted until it's cashed out.
  • Escrow in Ripple doesn't support issues currencies. It only supports XRP.
  • Time-held escrows in Ripple can be released by anyone only after the release time is passed. However, the money is released only to the destination account specified by the sender.
  • A conditionally-held escrow needs the condition and fulfillment to be passed in order to release the locked funds.
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Ripple Quick Start Guide
Published in: Dec 2018Publisher: PacktISBN-13: 9781789532197
© 2018 Packt Publishing Limited All Rights Reserved

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

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