Table of Contents for
Ripple Quick Start Guide

Version ebook / Retour

Cover image for bash Cookbook, 2nd Edition Ripple Quick Start Guide by Febin John James Published by Packt Publishing, 2018
  1. Ripple Quick Start Guide
  2. Title Page
  3. Copyright and Credits
  4. Ripple Quick Start Guide
  5. Dedication
  6. About Packt
  7. Why subscribe?
  8. Packt.com
  9. Contributors
  10. About the author
  11. About the reviewer
  12. Packt is searching for authors like you
  13. Table of Contents
  14. Preface
  15. Who this book is for
  16. What this book covers
  17. To get the most out of this book
  18. Download the example code files
  19. Conventions used
  20. Get in touch
  21. Reviews
  22. Getting Started with Ripple
  23. The need for decentralization
  24. Introduction to blockchain
  25. Introduction to Bitcoin
  26. Inefficiencies in payment systems
  27. International money transfer through Bitcoin
  28. Disadvantages of Bitcoin
  29. Ripple
  30. International money transfer through Ripple
  31. The Ripple Protocol
  32. Account creation
  33. Reserve
  34. Transactions
  35. Multisigning
  36. Consensus
  37. Important properties of the consensus protocol
  38. Ledger versions
  39. Validation
  40. Advantages of Ripple
  41. Currency agnostic
  42. Simplified consensus
  43. Low fee
  44. Reduced foreign exchange cost
  45. Pathfinding algorithm
  46. Adaptable cryptography
  47. Anti-spam mechanism
  48. Potential risks of Ripple
  49. Regulatory issues
  50. Trust Issues
  51. Security vulnerabilities
  52. Problems of being an open protocol
  53. Summary
  54. Working with Ripple Currency XRP
  55. Types of wallets
  56. Online wallets
  57. Desktop/mobile wallets
  58. Offline wallets
  59. Hardware wallets
  60. Paper wallets
  61. How do I choose my wallet?
  62. Setting up a Ripple account
  63. Activating the Ripple account
  64. Making an international transfer
  65. Trading XRP
  66. Importing an existing wallet
  67. Setting up an offline wallet
  68. Protecting your Ripples
  69. Don't leave your Ripples on centralized exchanges
  70. Make backups 
  71. Use antivirus software
  72. Disable browser plugins
  73. Store Ripples in multiple wallets 
  74. For big sums, use cold wallets
  75. Use reputable wallets
  76. Important things you must remember
  77. Summary
  78. Applications of Ripple
  79. High speed and low-cost payments 
  80. xCurrent
  81. How does it work?
  82. Advanced payment applications
  83. Cross-currency payments
  84. How does it work?
  85. Checks
  86. How does it work?
  87. Payment channels
  88. How does it work?
  89. Escrow
  90. How does it work?
  91. Initial coin offering
  92. Decentralized exchange
  93. Debunking misconceptions about Ripple
  94. Ripple and XRP are not the same
  95. Funds lockup
  96. No mining
  97. Limited smart contracts
  98. Important things to remember
  99. Summary
  100. Getting Started with the Ripple API
  101. Connecting to the Ripple test network
  102. Setting up the development environment
  103. First Ripple application
  104. Sending money 
  105. Prepare transaction
  106. Sign transaction
  107. Submit transaction
  108. Summary
  109. Developing Applications Using the Ripple API
  110. Sending checks
  111. Cashing checks
  112. Creating a time-held escrow
  113. Creating a conditionally-held escrow
  114. Important things you must remember
  115. Summary
  116. Other Books You May Enjoy
  117. Leave a review - let other readers know what you think

Sending checks

Now, let's learn how to send checks from a Ripple account. In order to send checks, we need to accomplish the following three things. The process is similar to sending money:

  1. Prepare transaction: Here we define the destination address, amount to be paid, and so on. 
  2. Sign transaction: You need to sign the transaction cryptographically with your secret key. This proves that you own this account. 
  3. Submit transaction: Once you sign the transaction, you need to submit it to the Ripple network for validation. Your check would become valid only when the validators approve your transaction. 

In order to create a check, we would be using the "CheckCreate" method. The following code takes the destination and amount to be paid as input and generates the transaction JSON as output. You need to own the recipient account since we would be using it to cash out the check later. You need to create another Ripple account from the Ripple test net faucet as we did earlier: 

api.prepareCheckCreate(sender, {
"destination": receiver,
"sendMax": {
"currency": "XRP",
"value": "100"
}
}, options);

We would be using the following code to sign and submit the transaction to the network. It's the same methods we used to send money:

const {signedTransaction} = api.sign(prepared.txJSON, secret);
api.submit(signedTransaction).then(onSuccess,onFailure);

Once we submit the transaction to the network, we need to calculate the check ID. You need to communicate the check ID to the recipient so that they can use it to cash out the check. Here's the code to calculate check ID:

const checkIDhasher = createHash('sha512')
checkIDhasher.update(Buffer.from('0043', 'hex'))
checkIDhasher.update(new Buffer(decodeAddress(sender)))
const seqBuf = Buffer.alloc(4)
seqBuf.writeUInt32BE(message['tx_json']['Sequence'], 0)
checkIDhasher.update(seqBuf)
const checkID = checkIDhasher.digest('hex').slice(0,64).toUpperCase()

Let's put everything together:

'use strict';
const RippleAPI = require('ripple-lib').RippleAPI;
const decodeAddress = require('ripple-address-codec').decodeAddress;
const createHash = require('crypto').createHash;

const sender = 'r41sFTd4rftxY1VCn5ZDDipb4KaV5VLFy2';
const receiver = 'r42Qv8NwggeMWnpKcxMkx7qTtB23GYLHBX';
const secret = 'sptkAoSPzHq8mKLWrjU33EDj7v96u';
const options = {};

const api = new RippleAPI({server: 'wss://s.altnet.rippletest.net:51233'});
api.connect().then(() => {
console.log('Connected to the test network.');
return api.prepareCheckCreate(sender, {
"destination": receiver,
"sendMax": {
"currency": "XRP",
"value": "100"
}
}, options);

}).then(prepared => {
console.log("Transaction JSON:", prepared.txJSON);
const {signedTransaction} = api.sign(prepared.txJSON, secret);
console.log("Transaction Signed.")
api.submit(signedTransaction).then(onSuccess,onFailure);
});

function onSuccess(message){
console.log(message);
console.log("Transaction Successfully Submitted.");
const checkIDhasher = createHash('sha512');
checkIDhasher.update(Buffer.from('0043', 'hex'));
checkIDhasher.update(new Buffer(decodeAddress(sender)));
const seqBuf = Buffer.alloc(4);
seqBuf.writeUInt32BE(message['tx_json']['Sequence'], 0);
checkIDhasher.update(seqBuf);
const checkID = checkIDhasher.digest('hex').slice(0,64).toUpperCase();
console.log("CheckID:", checkID);
disconnect();
}

function onFailure(message){
console.log("Transaction Submission Failed.");
console.log(message);
disconnect();
}

function disconnect(){
api.disconnect().then(()=> {
console.log("Disconnected from test network.")
});
}

Save this as send_check.js. Let's execute the code by running the following command: 

./node_modules/.bin/babel-node send_check.js

If everything goes fine, you'll get the following output:

Make a note of the check ID, as we'll be using it later in this chapter to cash the check. If you have noticed, no money has been deducted from our account. The money is only deducted when someone cashes the check. 

Now, let's build a web app that allows users to log in and create checks. 

In this app, we'll be using a few npm packages, hence we need browserify to compile these dependencies into one file. You can install browserify with the following command:

npm install -g browserify 

We would be using the same modal we used for sending money. In this application, we'll be separating the JavaScript to a different file, app.js, so that we can use browserify to get all of the dependencies to one file: 

const RippleAPI = require('ripple-lib').RippleAPI;
const decodeAddress = require('ripple-address-codec').decodeAddress;
const createHash = require('crypto').createHash;

var api = new RippleAPI({server:'wss://s.altnet.rippletest.net:51233'});
var fetchBalance;
$('document').ready(function(){
login();
$('.progress').hide();
$('#sendCheckButton').click(function(){
showsendCheckModal();
});
$('#logoutButton').click(function(){
logout();
});
$("#loginButton").click(function(){
storeCredentials();
});
$("#createCheckButton").click(function(){
createCheck();
});
});

function login(){
if(!localStorage.getItem("loggedIn")){
$('#loginModal').modal('show');
} else{
updateAccount();
}
}

function logout(){
localStorage.clear();
clearInterval(fetchBalance);
location.reload();
}

function updateAccount(){
$('#rippleAddress').text(localStorage.getItem('rippleAddress'));
updateBalance();
}

function storeCredentials(){
localStorage.setItem("rippleAddress", $('#inputRippleAddress').val());
localStorage.setItem("secret", $('#inputSecret').val());
localStorage.setItem("loggedIn", true);
$('#loginModal').modal('hide');
updateAccount();
}

$("form").submit(function(e) {
e.preventDefault();
});

function updateBalance(){
api.connect().then(() => {
const accountAddress = localStorage.getItem("rippleAddress");
return api.getAccountInfo(accountAddress);
}).then(info => {
$('#balance').text("Account Balance : " + info.xrpBalance+ " XRP");
}).then(() => {
return api.disconnect();
}).catch(console.error);
}

function showsendCheckModal(){
$('#sendCheckModal').modal('show');
}

function createCheck(){
$('.progress').show();
const instructions = {};
const sourceAddress = localStorage.getItem('rippleAddress');
const sourceSecret = localStorage.getItem('secret');
const destinationAddress = $('#inputDestinationRippleAddress').val();
const options = {};

api.connect().then(() => {

return api.prepareCheckCreate(sourceAddress, {
"destination": destinationAddress,
"sendMax": {
"currency": "XRP",
"value": "100"
}
}, options).then(prepared => {
$('.progress-bar').css('width', 40+'%').attr('aria-valuenow', 40);
const {signedTransaction} = api.sign(prepared.txJSON, sourceSecret);
api.submit(signedTransaction).then(onSuccess,onFailure);
});
});
}

function calculateCheckID(transaction){
const checkIDhasher = createHash('sha512');
checkIDhasher.update(Buffer.from('0043', 'hex'));
checkIDhasher.update(new Buffer(decodeAddress(localStorage.getItem('rippleAddress'))));
const seqBuf = Buffer.alloc(4);
seqBuf.writeUInt32BE(transaction['tx_json']['Sequence'], 0);
checkIDhasher.update(seqBuf);
const checkID = checkIDhasher.digest('hex').slice(0,64).toUpperCase();
$('#checkOutput').text("Check ID : "+checkID);
}

function onSuccess(message){
$('.progress-bar').css('width', 100+'%').attr('aria-valuenow', 100);
bootstrap_alert.success('Transaction Submitted Successfully');
calculateCheckID(message);
clear();
}

function onFailure(message){
$('.progress-bar').css('width', 100+'%').attr('aria-valuenow', 100);
bootstrap_alert.danger('Transaction Submission Failed');
clear();
}

function clear(){
disconnect();
$('#sendCheckModal').modal('hide');
$('.progress-bar').css('width', 0+'%').attr('aria-valuenow', 0);
$(".progress").hide();
}

function disconnect(){
api.disconnect().then(()=> {
})
}

bootstrap_alert = function() {}

bootstrap_alert.success = function(message) {
$('#alert').html('<div role="alert" id="success-alert" class="alert alert-success"><p>'+message+'</p></div>');
$("#success-alert").fadeTo(2000, 500).slideUp(500, function(){
$("#success-alert").slideUp(500);
});
}
bootstrap_alert.danger = function(message) {
$('#alert').html('<div role="alert" id="danger-alert" class="alert alert-danger"><p>'+message+'</p></div>');
$("#danger-alert").fadeTo(2000, 500).slideUp(500, function(){
$("#danger-alert").slideUp(500);
});
}

Save this file as app.js. Now let's use the following command to bundle all dependencies to one file:

browserify app.js -o bundle.js

Make sure, these files are save in the js folder. Let's now have a look at the HTML code; we've made some modifications:

<!DOCTYPE html>
<html>
<title> Send Check </title>
<head>
<link rel="stylesheet" href="css/bootstrap.min.css">
</head>
<body>

<nav class="navbar navbar-expand-lg navbar-dark bg-dark">
<a class="navbar-brand" href="#">Send Check</a>
</nav>

<br/><br/><br/>

<center>
<p class="lead">Ripple Address : <span id="rippleAddress"> </span> </p>
<p id="balance"> Please wait, fetching account details...</p>
<button id="sendCheckButton" class="btn btn-primary">Send Check</button>
<button id="logoutButton" class="btn btn-primary">Logout</button>
<br/>
<br/>
<br/>
<div id="checkOutput"> </div>
<div id="alert" style="width:30%"></div>
</center>

<div class="modal fade" id="loginModal" tabindex="-1" role="dialog" aria-labelledby="loginModalLabel" aria-hidden="true">
<div class="modal-dialog" role="document">
<div class="modal-content">
<div class="modal-header">
<h5 class="modal-title" id="loginModalLabel">Login</h5>
<button type="button" class="close" data-dismiss="modal" aria-label="Close">
<span aria-hidden="true">&times;</span>
</button>
</div>
<div class="modal-body">
<form>
<div class="form-group">
<label for="inputRippleAddress">Ripple Address</label>
<input type="text" class="form-control" id="inputRippleAddress" aria-describedby="rippleAddressHelp" placeholder="Enter Ripple Address">
</div>
<div class="form-group">
<label for="inputSecret">Secret</label>
<input type="password" class="form-control" id="inputSecret" placeholder="Secret">
</div>

<button id="loginButton" class="btn btn-primary">Login</button>
</form>
</div>

</div>
</div>
</div>

<div class="modal fade" id="sendCheckModal" tabindex="-1" role="dialog" aria-labelledby="sendCheckModalLabel" aria-hidden="true">
<div class="modal-dialog" role="document">
<div class="modal-content">
<div class="modal-header">
<h5 class="modal-title" id="sendCheckModalLabel">Send Check </h5>
<button type="button" class="close" data-dismiss="modal" aria-label="Close">
<span aria-hidden="true">&times;</span>
</button>
</div>
<div class="modal-body">
<form>
<div class="form-group">
<label for="inputDestinationRippleAddress">Ripple Address</label>
<input type="text" class="form-control" id="inputDestinationRippleAddress" aria-describedby="destinationRippleAddressHelp" placeholder="Destination Ripple Address">
</div>
<div class="form-group">
<label for="inputAmount">Amount</label>
<input type="number" class="form-control" id="inputAmount" placeholder="Amount">
</div>

<button id="createCheckButton" class="btn btn-primary">Create Check</button>
<br/> <br/>
<div class="progress">
<div class="progress-bar progress-bar-striped bg-info" role="progressbar" style="width: 0%" aria-valuenow="0" aria-valuemin="0" aria-valuemax="100"></div>
</div>
</form>
</div>

</div>
</div>
</div>

</body>

<script src="js/jquery.min.js"></script>
<script src="js/bootstrap.min.js"></script>
<script src="js/bundle.js"></script>
</html>

Save this file as send_check.html. You can now open the file in the browser to create a check:

  1. Once you login you should be able to see the Send Check button as shown in the following screenshot: 

  1. Once you click on the Send Check button, you'll be asked to fill the destination address and the check amount: 

  1. If everything goes well, the transaction will be submitted successfully and a check ID will be created:

  1. Make a note of the check ID; we'll be using it later to cash the check. This is the second check ID you should making note of. 

Great job! In the next section, we'll learn how to cash this check.