Vladislav Sopov
Richard Holland of XRPL Labs demonstrates offline XRP transaction tool based on QR-codes
Contents
- No Internet needed for XRPL transfers
- xPoP public beta is on its way to release
Developers of XRP Ledger Labs, a software studio that addresses XRPL-based digital payments solutions, demonstrated the concept of their offline instrument for XRP transactions based on QR-codes.
No Internet needed for XRPL transfers
According to apresentation demonstrated by XRPL Labsat Apex Developer Summit in Tallin, its team created a viable prototype of the system that allows users to initiate XRP transfers offline.
Proudly showing xPoP, "Proof of Payments" as presented by Richard at the #ApexDevSummit (location: @XRPLF Tallinn, Estonia)
xPoP generates an animated QR containing everything needed for *offline* (!) XRP Ledger transaction proof (vending/casino's/...)https://t.co/ATukow1cZU
XRP Ledger'sProof of Payments protocol (xPoP) can be utilized by a variety of devices that are not connected to the Internet 24/7. For instance, it is compatible with vending machines andpublic transport.
A device with xPoP integrated issues a QR-code on its display or on paper, while the holder of XRPL-based assets can repay it in an instant decentralized manner.
XRPL Labs representatives are sure that this innovation can give a proper spin to XRPL retail adoption's flywheel:
As XRPL Labs aims to solve the "chicken/egg problem", we started with 100% focus at end users & the ecosystem. We feel that it's time to start focussing on retail as well. xPoP is one of the useful developments for future retail adoption, and so: for the entire ecosystem.
xPoP public beta is on its way to release
XRPL Labs added that xPoP's intellectual property belongs tothe XRP Ledger Foundation, a non-profit that coordinates community-driven initiatives from the XRP community.
Thus, the source code for the new instrument will be published once its "public beta"version is ready for open testing.
Addressing massive retail adoption, XRPL developers are going to release "Lite Accounts,"a specific type of XRPL address that can be activated with 1 XRP only.
FAQs
An XRPL Proof of Payment (XPOP) is an offline non-interactive cryptographic proof that a transaction was successfully submitted to the XRP Ledger and what its impact (metadata) was.
How does Xpop work? ›
XPOP consists of two major parts: (1) a generalized skeleton-compiler that performs those functions common to all compilers, and (2) a battery of pseudo-operations for speci- fying the notation, operation repertoire, and compiling peculiarities of a desired program- ming language.
How does the XRP Ledger work offline? ›
As long as each transaction is validly formed and pays a high enough transaction cost, the XRP Ledger network should eventually include those transactions in validated ledgers, keeping the account's sequence number in the shared XRP Ledger in sync with the "current" sequence number you are tracking on the offline ...
How to store XRP offline? ›
How to secure your XRP ? Whether you're looking to keep your crypto safe for long-term or manage them on a daily basis, Ledger has the right product for you. Ledger hardware wallet stores your private keys and signs transactions offline, making them resistant to malicious attacks and threats.
What is the biggest XRP Ledger use case right now? ›
XRP can be sent directly without needing a central intermediary, making it a convenient instrument in bridging two different currencies quickly and efficiently. It is freely exchanged on the open market and used in the real world for enabling cross-border payments and microtransactions.
What is the best XRP offline wallet? ›
The Ledger Nano X is one of the best Ripple wallet which is security-focused, keeping funds offline in “cold storage.” This method makes it very difficult for hackers to remotely access your XRP funds. As a hardware wallet, the Ledger Nano X stores your private keys offline.
What is the secret key for XRP Ledger wallet? ›
The XRPL wallet secret key is a 29-character long alphanumeric string starting with the letter “s”. You can use the secret key to import a wallet to another account.
Can you send crypto to Ledger when offline? ›
Yes, you can use the Ledger Nano S hardware wallet without an internet connection. The Ledger Nano S is designed to be an offline, cold storage device for securely storing and managing cryptocurrencies. It does not require a constant internet connection to function.
Where is the safest place to store XRP? ›
8 Best XRP Wallets to Keep Your Ripples Safe in 2024
- Ledger։ Hardware Wallet. ...
- Crypto.com: Software Wallet. Crypto.com Features. ...
- Blocktrade։ ...
- Binance: Software Wallet. ...
- Atomic Wallet: Software Wallet. ...
- Coinbase: Software Wallet. ...
- Trezor: Hardware Wallet. ...
- Metamask: Non-Custodial Software Wallet.
At the current Ripple price, one XRP is worth $0.528171. Kraken makes it easy to sell Ripple for USD in minutes. How do I get my money after selling Ripple? After you sell your Ripple using Kraken, you can use our flexible funding options to withdraw your cash to your bank account in as little as 0-5 business days.
What is the potential impact on Ripple's value if they win their court case with the Securities and Exchange Commission (SEC)? Originally Answered: If Ripple would win a lawsuit, how would it affect the XRP price? When (Not IF) Ripple wins that baseless lawsuit, expect the price to 20x in few days.
Who controls the XRP Ledger? ›
The peer-to-peer network that manages the ledger is open to everyone. The XRP Ledger is maintained by software engineers, server operators, users, and businesses–a global community working to solve problems and create real-world value.
How many individuals own XRP? ›
According to data provided by CoinCarp XRP is held by 4,840,747 individual wallets as of February 6, 2024.
Is ledger completely offline? ›
It stores your private keys in a secure, offline environment giving you peace of mind and complete control over your assets. All Ledger crypto wallets are powered by an industry-leading Secure Element chip, together with Ledger's proprietary OS that protects your crypto & NFTs from sophisticated hacks.
Can you sell XRP directly from ledger? ›
This guide provides step-by-step instructions for selling your Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Algorand (ALGO), XRP, USDT, and USDC coins via the BTC Direct service, available within Ledger Live.
Does Ledger Live require XRP tag? ›
When you are sending XRP/XLM from an exchange to your address obtained in Ledger Live, you are not required to put a specific tag. Since the address is controlled by you, the funds in Ledger Live will appear on your address automatically.
Does XRP use Internet? ›
The purpose of Ripple is to utilise the internet, blockchain technology and the XRP currency to allow value transfers across borders in a quick, cost-efficient and reliable way.
