Ripple: Overview and Outlook

نویسندگان

  • Frederik Armknecht
  • Ghassan Karame
  • Avikarsha Mandal
  • Franck Youssef
  • Erik Zenner
چکیده

Ripple is a payment system and a digital currency which evolved completely independently of Bitcoin. Although Ripple holds the second highest market cap after Bitcoin, there are surprisingly no studies which analyze the provisions of Ripple. In this paper, we study the current deployment of the Ripple payment system. For that purpose, we overview the Ripple protocol and outline its security and privacy provisions in relation to the Bitcoin system. We also discuss the consensus protocol of Ripple. Contrary to the statement of the Ripple designers, we show that the current choice of parameters does not prevent the occurrence of forks in the system. To remedy this problem, we give a necessary and sufficient condition to prevent any fork in the system. Finally, we analyze the current usage patterns and trade dynamics in Ripple by extracting information from the Ripple global ledger. As far as we are aware, this is the first contribution which sheds light on the current deployment of the Ripple system.

برای دانلود متن کامل این مقاله و بیش از 32 میلیون مقاله دیگر ابتدا ثبت نام کنید

ثبت نام

اگر عضو سایت هستید لطفا وارد حساب کاربری خود شوید

منابع مشابه

HARDWARE-DEPENDENT SOFTWARE Introduction and Overview

Rapidly rising system complexity has created a growing productivity gap in the design of electronic systems. One critical component is Hardware-dependent Software (HdS), the importance of which is often underestimated. In this chapter, we introduce HdS and illustrate its role in the overall system design context. We also provide a brief overview and define a basic HdS terminology and conclude w...

متن کامل

Deferred Rendering

In this paper an overview of the deferred rendering technique and its applications is discussed. First, a short review of forward rendering and its drawbacks is given. Then the paper dives into a technical overview of the deferred rendering technique and its implementation together with the pros and cons involved. A short review of its applications in different areas like games and scientific v...

متن کامل

The 1994-2005 job outlook in brief.

What's up? Docs, as well as most other occupations, according to BLS's latest economic projections, which are revised every 2 years. Here's the most recent look into the future employment of 250 occupations. Bonus #1: An overview of the outlook for the major occupational groups. Bonus #2: Major trends since 1950 and some uncertainties about the future. Bonus #3: Information on job competition, ...

متن کامل

Conversational Involvement and multimodal cues: Summary and outlook

This paper deals with the phenomenon of conversational involvement. First, we aim to provide an overview over previous studies we carried out investigating the relationship between both prosodic and visual cues and involvement. We then investigate the relation between creaky voice and conversational involvement.

متن کامل

Blink-Sync: Mediating Human-Robot Social Dynamics with Naturalistic Blinking Behavior

This short paper discusses the utilization of naturalistic eye blinking behavior in social robotics and gives an overview of the application possibilities. It proposes an integrative blinking model and gives an outlook on its implementation.

متن کامل

ذخیره در منابع من


  با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید

برای دانلود متن کامل این مقاله و بیش از 32 میلیون مقاله دیگر ابتدا ثبت نام کنید

ثبت نام

اگر عضو سایت هستید لطفا وارد حساب کاربری خود شوید

عنوان ژورنال:

دوره   شماره 

صفحات  -

تاریخ انتشار 2015