[XRP] XRPs are premined, "Math Based", but otherwise vaguely defined....

[ultrarad]

...at least looking at the ripple wiki, etc.,.

It's odd that they don't clearly describe this in a clear way, e.g. that BTC is described, in wikipedia.

Short of combing through their git-repo, is this specified anywhere?  If not, which of their gits?

More generally, what math is it based upon? Hashes, asymmetric crypto?  One would imagine, but the details are critical, so.....  They make the algorithms behind the ledger clear, but this information seems buried.  The only other possibility I see is that they are arbitrary and property-less tokens (e.g. not even internal checksums, which would be specified in a definition) that they placed in the root node of their ledger and the 'math basis' is signing them at transfer; if so, at least that should be stated.

I'm rather surprised anyone invested in/used this without this being plainly specified.

[monsterer]

XRPs are not premined, since there is no mining in ripple. XRPs were IPOed into existence. They are a token much like any other cryptocurrency, secured in a similar way cryptographically - the main difference is in the consensus process:

https://ripple.com/knowledge_center/the-ripple-ledger-consensus-process/

[canth]

XRPs are not premined, since there is no mining in ripple. XRPs were IPOed into existence. They are a token much like any other cryptocurrency, secured in a similar way cryptographically - the main difference is in the consensus process:

https://ripple.com/knowledge_center/the-ripple-ledger-consensus-process/

In addition to the difference you've pointed out, I'd say that distribution is a major difference. XRP is distributed according to the whims of essentially one guy - Chris Larsen. It's a much more opaque and unpredictable distribution model over block rewards. Ripplers like to avoid conversations about this, but there's no getting around it.