To get started, it’s important to understand the difference between XRP, Ripple, and RippleNet. XRP is a currency that runs on a digital payment platform called RippleNet, which sits on top of a distributed ledger database called XRP Ledger. While RippleNet is managed by a company called Ripple, Ledger XRP is open source and not based on the blockchain, but on the previously mentioned distributed ledger database.
The RippleNet payment platform is a real-time gross settlement system (RTGS), the purpose of which is to provide instant cash transactions worldwide. Although XRP is a cryptocurrency embedded in the XRP register, you can use any currency to perform transactions on the platform.
Although the idea of the Ripple payment platform was first voiced in 2004 by Ryan Fugger, it was only when Jed McCaleb and Chris Larson took up the project in 2012 that Ripple began to be created (at that time it was also called OpenCoin).
Preparing to install Blockchain Blocks Ripple XRP
- Make sure there is enough free space on your hard drive, about 50 GB is required;
- Download XRP WALLET:
- Download the archive with the Ripple XRP blockchain
Import Blockchain Blocks Ripple XRP
After the files have loaded, we can start importing Ripple XRP blocks, for this:
- Create a folder where we will place the blocks, for example, “Ripple XRP”;
- We dig into it an archive with blocks;
- Next, in the same folder, run – “XRP.exe”
- The “Ripple XRP GUI wallet” window will open, select our just created “Ripple XRP” folder and click “Next”, after which the assembly of the Ripple XRP blockchain database and synchronization with the network will begin;
- Done! Now you can use the Ripple XRP wallet!