mirror of
https://github.com/XRPLF/rippled.git
synced 2025-11-19 10:35:50 +00:00
120 lines
4.9 KiB
Markdown
120 lines
4.9 KiB
Markdown
|
||
|
||
#The World’s Fastest and Most Secure Payment System
|
||
|
||
**What is Ripple?**
|
||
|
||
Ripple is the open-source, distributed payment protocol that enables instant
|
||
payments with low fees, no chargebacks, and currency flexibility (for example
|
||
dollars, yen, euros, bitcoins, or even loyalty points). Businesses of any size
|
||
can easily build payment solutions such as banking or remittance apps, and
|
||
accelerate the movement of money. Ripple enables the world to move value the
|
||
way it moves information on the Internet.
|
||
|
||
|
||
|
||
**What is a Gateway?**
|
||
|
||
Ripple works with gateways: independent businesses which hold customer
|
||
deposits in various currencies such as U.S. dollars (USD) or Euros (EUR),
|
||
in exchange for providing cryptographically-signed issuances that users can
|
||
send and trade with one another in seconds on the Ripple network. Within the
|
||
protocol, exchanges between multiple currencies can occur atomically without
|
||
any central authority to monitor them. Later, customers can withdraw their
|
||
Ripple balances from the gateways that created those issuances.
|
||
|
||
**How do Ripple payments work?**
|
||
|
||
A sender specifies the amount and currency the recipient should receive and
|
||
Ripple automatically converts the sender’s available currencies using the
|
||
distributed order books integrated into the Ripple protocol. Independent third
|
||
parties acting as market makers provide liquidity in these order books.
|
||
|
||
Ripple uses a pathfinding algorithm that considers currency pairs when
|
||
converting from the source to the destination currency. This algorithm searches
|
||
for a series of currency swaps that gives the user the lowest cost. Since
|
||
anyone can participate as a market maker, market forces drive fees to the
|
||
lowest practical level.
|
||
|
||
**What can you do with Ripple?**
|
||
|
||
The protocol is entirely open-source and the network’s shared ledger is public
|
||
information, so no central authority prevents anyone from participating.Anyone
|
||
can become a market maker, create a wallet or a gateway, or monitor network
|
||
behavior. Competition drives down spreads and fees, making the network useful
|
||
to everyone.
|
||
|
||
|
||
###Key Protocol Features
|
||
1. XRP is Ripple’s native [cryptocurrency]
|
||
(http://en.wikipedia.org/wiki/Cryptocurrency) with a fixed supply that
|
||
decreases slowly over time, with no mining. XRP acts as a bridge currency, and
|
||
pays for transaction fees that protect the network against spam
|
||
|
||
|
||
2. Pathfinding discovers cheap and efficient payment paths through multiple
|
||
[order books](https://www.ripplecharts.com) allowing anyone to [trade](https://www.rippletrade.com) anything. When two accounts aren’t linked by relationships of trust, the Ripple pathfinding engine considers intermediate links and order books to produce a set of possible paths the transaction can take. When the payment is processed, the liquidity along these paths is iteratively consumed in best-first order.
|
||
|
||
|
||
3. [Consensus](https://www.youtube.com/watch?v=pj1QVb1vlC0) confirms
|
||
transactions in an atomic fashion, without mining, ensuring efficient use of
|
||
resources.
|
||
|
||
[transact]: https://ripple.com/files/ripple-FIs.pdf
|
||
[build]: https://ripple.com/build/
|
||
|
||
[transact.png]: /images/transact.png
|
||
[build.png]: /images/build.png
|
||
[contribute.png]: /images/contribute.png
|
||
|
||
###Join The Ripple Community
|
||
|![Transact][transact.png]|![Build][build.png]|![Contribute][contribute.png]|
|
||
|:-----------------------:|:-----------------:|:---------------------------:|
|
||
|[Transact on the fastest payment infrastructure][transact]|[Build Imaginative Apps][build]|Contribute to the Ripple Protocol Implementation|
|
||
|
||
#rippled - Ripple P2P server
|
||
|
||
##[](https://travis-ci.org/ripple/rippled)
|
||
|
||
This is the repository for Ripple's `rippled`, reference P2P server.
|
||
|
||
###Build instructions:
|
||
* https://ripple.com/wiki/Rippled_build_instructions
|
||
|
||
###Setup instructions:
|
||
* https://ripple.com/wiki/Rippled_setup_instructions
|
||
|
||
### Repository Contents
|
||
|
||
#### ./bin
|
||
Scripts and data files for Ripple integrators.
|
||
|
||
#### ./build
|
||
Intermediate and final build outputs.
|
||
|
||
#### ./Builds
|
||
Platform or IDE-specific project files.
|
||
|
||
#### ./doc
|
||
Documentation and example configuration files.
|
||
|
||
#### ./src
|
||
Source code directory. Some of the directories contained here are
|
||
external repositories inlined via git-subtree, see the corresponding
|
||
README for more details.
|
||
|
||
#### ./test
|
||
Javascript / Mocha tests.
|
||
|
||
## License
|
||
Ripple is open source and permissively licensed under the ISC license. See the
|
||
LICENSE file for more details.
|
||
|
||
###For more information:
|
||
* Ripple Wiki - https://ripple.com/wiki/
|
||
* Ripple Primer - https://ripple.com/ripple_primer.pdf
|
||
* Ripple Primer (Market Making) - https://ripple.com/ripple-mm.pdf
|
||
* Ripple Gateway Primer - https://ripple.com/ripple-gateways.pdf
|
||
* Consensus - https://wiki.ripple.com/Consensus
|
||
|