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BlackJacky (OP)
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October 07, 2015, 12:39:55 PM |
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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  |
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"You Asked For Change, We Gave You Coins" -- casascius
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franky1
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October 07, 2015, 12:45:48 PM |
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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
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I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER.
Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
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coinpr0n
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October 07, 2015, 12:51:02 PM |
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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.
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BlackJacky (OP)
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October 07, 2015, 01:28:23 PM |
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I think they use a federation of servers to achieve consensus.
That means there are no public miners just private servers |
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coinpr0n
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October 07, 2015, 03:26:30 PM |
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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. |
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LiteCoinGuy
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October 07, 2015, 03:30:11 PM |
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wrong section.
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BlackJacky (OP)
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October 07, 2015, 05:38:54 PM |
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That means Ripple is no decentral system?
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tokeweed
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October 08, 2015, 12:22:15 AM |
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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.
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newb4now
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October 08, 2015, 02:51:12 AM |
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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. |
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coinpr0n
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October 08, 2015, 07:56:33 AM |
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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 |
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Snail2
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October 08, 2015, 01:15:34 PM |
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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  .) Google is your friend. You can create a cold wallet: https://forum.ripple.com/viewtopic.php?f=19&t=8733Because of it's a publicly available and as such it's a "public crypto". As coinpr0n said try using the filters on coinmarketcap. |
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