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)

Connecting to the Ripple test network

Ripple provides you with a test network to help you to test the application without using real funds. Let's go ahead and create a test net account and load it with enough XRP. This XRP doesn't have any value, and it can be only used for testing purposes. In order to create a test net account, navigate to https://developers.ripple.com/xrp-test-net-faucet.html.

You'll see a screen similar to the one shown in the following screenshot:

Click on Generate credentials, and your Ripple address and secret will be generated. Your account will also be loaded with a balance of 10,000 XRP. The addresses on the right side of the screenshot are the ones we'll be using to interface with the test network. Make sure you save the Ripple address and the secret; we'll be using it to develop applications.

You can get all of the code in...