Book Image

Ripple Quick Start Guide

By : Febin John James
Book Image

Ripple Quick Start Guide

By: Febin John James

Overview of this book

This book starts by giving you an understanding of the basics of blockchain and the Ripple protocol. You will then get some hands-on experience of working with XRP. You will learn how to set up a Ripple wallet and see how seamlessly you can transfer money abroad. You will learn about different types of wallets through which you can store and transact XRP, along with the security precautions you need to take to keep your money safe. Since Ripple is currency agnostic, it can enable the transfer of value in USD, EUR, and any other currency. You can even transfer digital assets using Ripple. You will see how you can pay an international merchant with their own native currency and how Ripple can exchange it on the ?y. Once you understand the applications of Ripple, you will learn how to create a conditionally-held escrow using the Ripple API, and how to send and cash checks. Finally, you will also understand the common misconceptions people have about Ripple and discover the potential risks you must consider before making investment decisions. By the end of this book, you will have a solid foundation for working with Ripple's blockchain. Using it, you will be able to solve problems caused by traditional systems in your respective industry.
Table of Contents (7 chapters)

Setting up an offline wallet

An offline wallet can help you set up a Ripple account without storing any records digitally. Since the keys are generated offline, you can be assured that the generated keys don't leave your machine. Offline wallets can provide high security because no one can hack something that doesn't exist digitally. However, they are prone to physical theft. This section is only for your reference.

If you are happy with the desktop/mobile wallet you created earlier, you can skip this part.

Navigate to Exarpy, as shown in the following screenshot, to generate an offline wallet. It would be better to use private browsing mode, where plugins are generally disabled. This is to prevent browser plugins spying on you:

Click on Create your first wallet; you will be asked to go offline. If you are given additional recommendations, please follow them to make...