Ripple Open Source Blockchain Platform
Build Distributed Financial Infrastructure Using XRP Ledger
Ripple is an open source decentralized financial technology for cross border payments. It is cryptographically secure and built on top of Interledger Protocol.
Ripple is an open source digital currency and payment solution. It provides ways for the fast and secured transaction of payment within its network. There are three roles that a Ripple node can take. Firstly, it can act as a normal user who transfers or receives payments. Secondly, the market maker can be trade enabler in the system. Thirdly, the validating server usually validates transactions and runs consensus protocol. This open source platform is based on the XRP ledger that is a decentralized cryptographic ledger and it is powered by servers that are connected peer to peer.
Consensus protocol which runs over the validating servers is an asynchronous round-based protocol. However, it has three phases the collection phase, consensus phase, and ledger closing phase. Moreover, the security of Ripple depends upon ECDSA signatures. In addition, It is fast as there is a quick transaction validation mechanism in Ripple’s network. It is an open network so all the transactions are publicly available.
This open source decentralized platform is written in C++, Objective C, and a little input of some other languages. Further, anyone can deploy the instance of Ripple. It has 0% failure as mentioned in their documentation.
System Requirements
Requirements to set up Ripple include:
- Xcode
- Git
- Homebrew
- Boost 1.70.0 or higher
Features
Ripple offers the following key features:
- Open Source
- Fewer Transaction Fees
- Robust
- Secured With Cryptography
- XRP Ledger Based
- Highly Centralized
- Public Network
- Fast transactions
Installation Instructions
Once all the prerequisites are installed, extract the Boost into a folder, note the location, and run the following command to ensure that your BOOST_ROOT environment points to the directory created by the Boost installation:
cd /LOCATION/OF/YOUR/BOOST/DIRECTORY
./bootstrap.sh
./b2 cxxflags="-std=c++14"Then, edit below code with your Boost directory location and run to add Boost environment variable to your .bash_profile file so it's automatically set when you log in.
echo "export BOOST_ROOT=/Users/my_user/boost_1_71_0" >> ~/.bash_profileIf you updated your .bash_profile file in the previous step, be sure to source it in a new Terminal window. For example:
source .bash_profileAfter that, run the following command to clone the app
git clone This email address is being protected from spambots. You need JavaScript enabled to view it.:ripple/rippled.gitFor the latest stable release, use the master branch.
cd rippled
git checkout masterNow, in the root directory, run the following commands:
mkdir my_build
cd my_buildNow, generate the build by running the following comands:
cmake -G "Unix Makefiles" -DCMAKE_BUILD_TYPE=Debug ..Then, run the build using CMake. This could take about 10 minutes
cmake --build . -- -j 4 rippled requires the rippled.cfg config file to run. You can find an example config file, rippled-example.cfg in rippled/cfg. Make a copy and save it as rippled.cfg in a location that enables you to run rippled as a non-root user. Access the rippled directory and run:
mkdir -p $HOME/.config/ripplecp cfg/rippled-example.cfg $HOME/.config/ripple/rippled.cfg
Edit rippled.cfg to set necessary file paths. The user you plan to run rippled as must have write permissions to all of the paths you specify here.
Set the [node_db], [database_path] and [debug_logfile]
Rippled requires the validators.txt file to run. You can find an example validators file, validators-example.txt, in rippled/cfg/. Make a copy and save it as validators.txt in the same folder as your rippled.cfg file. Access the rippled directory and run:
cp cfg/validators-example.txt $HOME/.config/ripple/validators.txtFinally, access your build directory and start the rippled with the following command:
./rippled