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Ripple Quick Start Guide

You're reading from  Ripple Quick Start Guide

Product type Book
Published in Dec 2018
Publisher Packt
ISBN-13 9781789532197
Pages 160 pages
Edition 1st Edition
Languages
Author (1):
Febin John James Febin John James
Profile icon Febin John James

Important things you must remember

Following are some important points that you must when on Ripple:

  • Most transactions on Ripple follow the three-step process of preparing the transaction, signing it, and submitting it.
  • Transactions are applied only when validators approve the transaction.
  • When a check is created on Ripple, no money is deducted until it's cashed out.
  • Escrow in Ripple doesn't support issues currencies. It only supports XRP.
  • Time-held escrows in Ripple can be released by anyone only after the release time is passed. However, the money is released only to the destination account specified by the sender.
  • A conditionally-held escrow needs the condition and fulfillment to be passed in order to release the locked funds.
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