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- Add Consensus::Result, which represents the result of the establish state and includes the consensus transaction set, final proposed position and disputes. - Add Consensus::Mode to track how we are participating in consensus and ensures the onAccept callback can distinguish when we entered the round with consensus versus when we recovered from a wrong ledger during a round. - Rename Consensus::Phase to Consensus::State and eliminate the processing phase. Instead, accept is a terminal phase which notifies RCLConsensus via onAccept callbacks. Even if clients dispatch accepting to another thread, all future calls except to startRound will not change the state of consensus. - Move validate_ status from Consensus to RCLConsensus, since generic implementation does not directly reference whether a node is validating or not. - Eliminate gotTxSetInternal and handle externally received TxSets distinct from locally generated positions. - Change ConsensusProposal::changePosition to always update the internal close time and position even if we have bowed out. This enforces the invariant that our proposal's position always matches our transaction set.
What is Ripple?
Ripple is a network of computers which use the Ripple consensus algorithm to atomically settle and record transactions on a secure distributed database, the Ripple Consensus Ledger (RCL). Because of its distributed nature, the RCL offers transaction immutability without a central operator. The RCL contains a built-in currency exchange and its path-finding algorithm finds competitive exchange rates across order books and currency pairs.
Key Features
- Distributed
- Direct account-to-account settlement with no central operator
- Decentralized global market for competitive FX
- Secure
- Transactions are cryptographically signed using ECDSA or Ed25519
- Multi-signing capabilities
- Scalable
- Capacity to process the world’s cross-border payments volume
- Easy access to liquidity through a competitive FX marketplace
Cross-border payments
Ripple enables banks to settle cross-border payments in real-time, with end-to-end transparency, and at lower costs. Banks can provide liquidity for FX themselves or source it from third parties.
As Ripple adoption grows, so do the number of currencies and counterparties. Liquidity providers need to maintain accounts with each counterparty for each currency – a capital- and time-intensive endeavor that spreads liquidity thin. Further, some transactions, such as exotic currency trades, will require multiple trading parties, who each layer costs to the transaction. Thin liquidity and many intermediary trading parties make competitive pricing challenging.
XRP as a Bridge Currency
Ripple can bridge even exotic currency pairs directly through XRP. Similar to USD in today’s currency market, XRP allows liquidity providers to focus on offering competitive FX rates on fewer pairs and adding depth to order books. Unlike USD, trading through XRP does not require bank accounts, service fees, counterparty risk, or additional operational costs. By using XRP, liquidity providers can specialize in certain currency corridors, reduce operational costs, and ultimately, offer more competitive FX pricing.
rippled - Ripple server
rippled is the reference server implementation of the Ripple
protocol. To learn more about how to build and run a rippled
server, visit https://ripple.com/build/rippled-setup/
License
rippled is open source and permissively licensed under the
ISC license. See the LICENSE file for more details.
Repository Contents
| Folder | 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. |
Some of the directories under src are external repositories inlined via
git-subtree. See the corresponding README for more details.
##For more information:
To learn about how Ripple is transforming global payments visit https://ripple.com/contact/
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