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)

What this book covers

Chapter 1, Getting Started with Ripple, In this chapter, we will start by learning the fundamentals of blockchain and cryptocurrencies. You will learn how and why blockchain was invented. We will discuss the challenges faced by early cryptocurrencies. Later, we will study how Ripple addresses those challenges. You will also learn how Ripple manages to make global payments fast and cheap, and we will look into the potential risks of Ripple.

Chapter 2, Working with the Ripple Currency XRP, In this chapter, we will take a hands-on approach to work with XRP. We will learn how to set up a Ripple wallet, and see how seamlessly you can transfer money to a friend abroad. We will discuss the different kind of wallets you can use to store XRP. We will also discuss the security precautions you need to take to keep your money safe.

Chapter 3, Applications of Ripple, In this chapter, we will understand the applications of Ripple. We will learn how Ripple's xCurrent software integrates with traditional systems to make cross-border transactions efficient. We will also learn how Ripple enables its users to make cross-currency payments. We will then study the check, escrow, and payment channel offerings of Ripple, and learn about its Initial Coin Offering and the fully functional decentralized exchange inside Ripple.

Chapter 4, Getting Started with the Ripple API, In this chapter, we will learn how to work with the Ripple API. We will set up the development environment and connect to the test network to send money from a Ripple account. We will also learn how to build web applications using the Ripple API. If you have never worked on a blockchain-based system, this chapter will give you a kickstart.

Chapter 5, Developing Applications Using the Ripple API, In this chapter, you will learn how to use advanced offerings of Ripple, such as checks and escrows. You will learn how to send checks, cash checks, and create and release escrows. We will also integrate the Ripple API to build web applications. These applications will allow non-developers to easily use the check and escrow features of Ripple.