Ripple Q&A | Bitcointalksearch.org

Snail2

legendary

Activity: 1512

Merit: 1000

I got some questions for Ripple:

Why can't I mine it?
Why can't I create a cold wallet?
Why is XRP listed on coinmarketcap if it is not a public crypto?
Is there a website that lists and compares only cryptocurrency that can be mined by the public?

Because of it's all premined. But you can buy it. (Actually what's the difference between buying a miner plus buying electricity then getting coins and buying and getting coins

? Cloud mining is even more similar. Almost identical Cheesy

.)
Google is your friend. You can create a cold wallet: https://forum.ripple.com/viewtopic.php?f=19&t=8733
Because of it's a publicly available and as such it's a "public crypto".
As coinpr0n said try using the filters on coinmarketcap.

coinpr0n

hero member

Activity: 910

Merit: 1000

Quote from: ?? on ??

I got some questions for Ripple:

Why can't I mine it?
Why can't I create a cold wallet?
Why is XRP listed on coinmarketcap if it is not a public crypto?
Is there a website that lists and compares only cryptocurrency that can be mined by the public?

There is nothing to mine.
You can create a cold wallet.
What do you mean by public?
On coinmarketcap - under currencies menu select: Filter Premined and Non-mineable

newb4now

hero member

Activity: 686

Merit: 500

Quote from: tokeweed on October 07, 2015, 07:22:15 PM

And all the validating nodes in Ripple are controlled by Ripple Labs. So it is centralized. But that would change in the future according to them.

Ripple is crippled.

No decentralization of consensus, no true blockchain

People who like old school tech and centralized control will love it.

tokeweed

legendary

Activity: 3976

Merit: 1421

Life, Love and Laughter...

And all the validating nodes in Ripple are controlled by Ripple Labs. So it is centralized. But that would change in the future according to them.

BlackJacky

full member

Activity: 237

Merit: 100

That means Ripple is no decentral system?

LiteCoinGuy

legendary

Activity: 1148

Merit: 1014

In Satoshi I Trust

wrong section.

coinpr0n

hero member

Activity: 910

Merit: 1000

Quote from: BlackJacky on October 07, 2015, 08:28:23 AM

Quote from: coinpr0n on October 07, 2015, 07:51:02 AM

I think they use a federation of servers to achieve consensus.

That means there are no public miners just private servers

Yes, that would be correct. Plus, there is no incentive for the miners as all the XRP currency was pre-mined at launch.

BlackJacky

full member

Activity: 237

Merit: 100

Quote from: coinpr0n on October 07, 2015, 07:51:02 AM

I think they use a federation of servers to achieve consensus.

That means there are no public miners just private servers

coinpr0n

hero member

Activity: 910

Merit: 1000

Ripple has some features of cryptocurrencies but their ledger is not a blockchain - in fact, the ledgers do not rely on a complete history of all transactions like the blockchain offers. I think they use a federation of servers to achieve consensus.

franky1

legendary

Activity: 4396

Merit: 4755

to me ripple does not have the 'feel' of a blockchain. its feels more like an sql database.
if it actually is a blockchain then it would be defined as a private blockchain.

i know many people will start linking ripples white papers to try proving that it really is a blockchain. but from a outside world prospective, the features of what a blockchain is and does aswell as the benefits of such are lacking in regards to user interaction. and it just feels too centralised to me

BlackJacky

full member

Activity: 237

Merit: 100

Hi all,

I have some questions regarding Ripple:

Would you define Ripple as a private Blockchain?

How is Ripple securing there network? Do they have miner which are offering hashpower or any kind of power to secure the network?

Thank you very much in advance

Topic: Ripple Q&A (Read 637 times)