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Docs: more on basic types, tx types
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@@ -6,23 +6,28 @@
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"r9cZA1mLK5R5Am25ArfXFmqgNwjZgnfk59"
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```
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Every Ripple account has an *address*, which is a base58-encoding of a hash of the account's public key.
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Every Ripple account has an *address*, which is a base58-encoding of a hash of the account's public key. Ripple addresses always start with the lowercase letter `r`.
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## Account Sequence Number
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Every Ripple account has a *sequence number* that is used to order transactions. Every transaction must have a sequence number and transaction can only be executed in order by sequence number. This prevents one transaction from executing twice and transactions executing out of order. The sequence number starts at `1` and increments for each transaction that the account makes.
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Every Ripple account has a *sequence number* that is used to keep transactions in order. Every transaction must have a sequence number. A transaction can only be executed if it has the next sequence number in order, of the account sending it. This prevents one transaction from executing twice and transactions executing out of order. The sequence number starts at `1` and increments for each transaction that the account makes.
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## Currency
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Currencies are represented as either 3-character currency codes or 40-character uppercase hexadecimal strings. We recommend using uppercase [ISO 4217 Currency Codes](http://www.xe.com/iso4217.php) only. The string "XRP" is disallowed on trustlines because it is reserved for the Ripple native currency. The following characters are permitted: all uppercase and lowercase letters, digits, as well as the symbols `?`, `!`, `@`, `#`, `$`, `%`, `^`, `&`, `*`, `<`, `>`, `(`, `)`, `{`, `}`, `[`, `]`, and `|`.
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## Value
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A *value* is a quantity of a currency represented as a decimal string (string encoding is used because javascript numbers do not have sufficient precision).
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A *value* is a quantity of a currency represented as a decimal string. Be careful: JavaScript's native number format does not have sufficient precision to represent all values. XRP has different precision from other currencies.
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**XRP** has 6 significant digits past the decimal point. In other words, XRP cannot be divided into positive values smaller than `0.000001` (1e-6). XRP has a maximum value of `100000000000` (1e11).
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**Non-XRP values** have 15 decimal digits of precision, with a maximum value of `9999999999999999e80`. The smallest positive non-XRP value is `1e-81`.
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An XRP value has 6 significant digits past the decimal point. A non-XRP value has 16 total digits of precision.
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## Amount
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Example amount:
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```json
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{
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"currency": "USD",
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@@ -31,6 +36,7 @@ An XRP value has 6 significant digits past the decimal point. A non-XRP value ha
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}
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```
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Example XRP amount:
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```json
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{
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"currency": "XRP",
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@@ -38,7 +44,7 @@ An XRP value has 6 significant digits past the decimal point. A non-XRP value ha
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}
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```
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An *amount* is data structure representing a currency, a quantity of that currency, and the counterparty on the trustline that holds the value (for all currencies besides "XRP").
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An *amount* is data structure representing a currency, a quantity of that currency, and the counterparty on the trustline that holds the value. For XRP, there is no counterparty.
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A *lax amount* allows the counterparty to be omitted for all currencies. If the counterparty is not specified in an amount within a transaction specification, then any counterparty may be used for that amount.
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