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I have found a way to escrow a currency in a trustline. This method can only escrow 1 currency, if you want to escrow more currencies on the same account, add 2 more XRP for each currency. 1. Fund a new XRP account using exactly (base reserve) + 3 XRP 2. Add the trustline which you want to escrow its currency 3. Send the amount of currency that you want to escrow over to the newly funded account 4. Disable receiving XRP 5. Escrow ALL the excess XRP There ya go, you cant access any XRP and cant receive any XRP which results in you unable to access the currency until the XRP escrow ends since you don't have any XRP to fund the transaction. There is no going back until the escrow finished so be careful, most trustlines are scam, beware.

Hey guys! I've been working on interacting with the XRPL through NodeJS (figured its time to utilise the tech and not just invest in it). I've made some strides and managed to solve most queries, however I have one more if anyone can provide some help I would appreciate it! I'm looking to report specific trust-line balances. So far I can get it to report all balances (see code below), but am having issues reporting single balances. Ideally I would like to have the code to report the balance of a specific trust-line, so I can then place an order for the full amount (got the second part sorted). Heres the code that reports all balances, Cheers for the help! const wallet_balances = await client.request({ command: "account_lines", account: 'accountaddress', ledger_index: "validated" }) console.log(wallet_balances.result)

I want to create a gateway of my own Currencies using Ripple. For that I need Account B trusts to Account A for 1 million USD within my gateway. For that do I use Trustline and TrustSet? What is Different between Trustline and TrustSet?

For developers working on the XRPL I wanted to share an interesting project that started some months ago running on the ethereum blockchain and that one can figure it could be a vary valuable concept to transpose to the XRP ledger. The project’s name is vether (https://vetherasset.org/) “Vether is designed to be a store-of-value with properties of strict scarcity, unforgeable costliness and a fixed emission schedule. Vether mimics characteristics of Bitcoin, where miners compete to expend capital to acquire newly-minted coins and chase ever-decreasing margins. Instead of expending capital, Vether participants compete to purchase it by destroying capital on-chain. As a result, all units of Vether are acquired at-cost and by anyone. This mechanism is called Proof-of-Value.” There is a daily emission of vether (currently at only 2080 coins) that participants acquire them by burning ethereum (so deflating the circulating ethereum in existence). Daily burn acquisition is fair because its emission of value is pooled out of the number of participants for that day (e.g. if you burn 1 eth, and you are the single participant, you receive all its 2080 vether for that day; however if 10 participants with 1 eth each enter (burn them), you receive 10% of that pool [i.e. 208 vether]). A day is 23hours and 30min and halving occurs every 244 days. The first halving is expected for 5 January 2021. The “secret” to acquire vether is continuously daily burning of 1 to 2eth, because the protocol decreases proportionally with potential vether if one decides to burn 5 to 10 eth in one go. In other words, to obtain vether’s daily emission, burning 5 eth in one go is not the same as burning 5x one single ethereum. What if something along the lines could be developed into the XRPledger? So (1) burn XRP to mint this daily coin, but with another add-on (2) part of the proceedings for the “burning” instead of being burnt are sent to an escrow to fund XRP validators? So something like 80% of XRP directly burnt and 20% to pay XRP validators. After some days and weeks of daily emission of this new “burnt”-derived XRP (Let us call it bXRP for now), participants either wait for daily emission of burning (to acquire bXRP) or decide to trade (buy) the existing (circulating) ones out of the XRP DEX (bXRP/XRP). In other words, participants that already acquired burnt (daily) XRP from previous days can trade them (sell) for XRP. The emission in vether is scheduled to run for 10 years. What advantages would this new “burnt”-derived XRP be good for? First, bXRP could be a store of value coin (because it is in low and with fixed supply; maybe 1 million coins, 21 million coins?) minted at cost by burning XRP. Second, deflating further the supply of circulating XRP because it is needed to acquire bXRP. Ok long-term potencial of bXRP, into defi projects. The above example of vether is to sub-serve a new upcoming Defi project called Vader. Vader Pools (the new Defi) 1 Vether Burned = 1 Vader (you need to then burn vether to obtain Vader; so one burns initially ethereum to obtain vether, and then vether supply is burnt to obtain Vader) “VADER is a new form of liquidity protocol that seeks to be self-serving. It uses its own liquidity and awareness of asset purchasing power to support virtual assets, as well as lending and derivatives. It has a fair and transparent liquidity incentive strategy to maximise the depth of liquidity pools and the creation of virtual assets. It uses a liquidity-sensitive fee to ensure safe and sustainable creation of debt.” In many ways, such a proposal would be similar to the current Flare network, for those current familiar with the process (but with a few [burning] differences: a) XRP collateral served to obtain FXRP to acquire spark. b) Ethereum burnt to obtain vether, and vether burnt to acquire Vader. I think of such a minted/burnt at cost XRP-derived coin could (1) enhance the decentralization of the XRP ledger (stimulation new/ongoing XRP validators by funding), (2) provide interoperability with other XRP networks (like Flare networks; e.g. directly trading bXRP with spark or burn bXRP to obtain spark) [maybe have some people from Flare looking into this forum post?]), (3) reduce the supply of XRP further, (4) in the process increasing XRP liquidity with this burnt-at-cost model to obtain bXRP which is traded in the XRP DEX (and other exchanges) and (5) in the process create a real store of value with much lower supply and much better initial distribution model of a token than XRP ever had since its inception. For developers operating the XRP ledger, researching and looking out for potential positive projects, maybe such potential is worth brainstorming about? Vether’s white paper (3 pages long and reads well; highly advisable to read): https://vetherasset.org/whitepaper Vader’s white paper is currently hidden; this is because it was recently carbon copied by another project (the Spartan Project) that recently launched in the binance chain. Since then the white paper draft is offline (but maybe you can get ideas of Vader from the copied Spartan protocol https://medium.com/spartanprotocol/announcing-the-spartan-protocol-e15af93a8a8f) Cheers.

Hi. Recently I started learning about XRP ledger and reading the documentation I found this line from the Default Paths section: I'd like to someone explain me the reason behind this statement. I guess that if a gateway A (an issuer) wants to get access to the on demand liquidity that other gateways (supposing they allow ripple) could provide, there are two options to accomplish that. Create trust lines directly to those gateways. Wait until an account create trust lines (maybe indirectly through an offer) with those gateways and with gateway A. It seems to me options 2 is out of gateways A control since it cannot force other accounts (I'm thinking about customers from the gateway A perspective) to create trust lines with other gateways and the better they can do is provide a sort of list of gateways for the accounts to choose from, but it'll be a more complex and extra step process. Also if the account decide to (or have) disable ripple, you won't get access to the other gateway on demand liquidity right? Maybe there are more ways to get access to other market on demand liquidity and I'm not seen it?

Hi, I have been trying almost a week now to send new issued token called "ANI" from Account to another account but I am not able to send I always get tecPath_Dry. Can some help me to achieve this. below is the scenarios. 1. TestNet Account 1 : rP5LbDLxFHvM4mk7GQQ8zKHoFfk9NWNNee having trust line with new issuer ra5g629Y63LWdeFWX4QJKKZYezeXgixRXT for issued currency say ANI. Balance of rP5LbDLxFHvM4mk7GQQ8zKHoFfk9NWNNee = XRP 1000, ANI - 100. 2. Another Testnet Account 2 : rNtsf11c426ZDfSxBRavAKtsRSKrtLvRgw having trust line with new issuer r96pf7yusARhXcA9ULKVVwsoKJ6CgEGErp for issued currency say ANI. Balance of rNtsf11c426ZDfSxBRavAKtsRSKrtLvRgw = XRP 1000, ANI - 100. I had gone though below documents and links but still I am not able to send. Some one please help me. Or please share me any documents or reference code. 1. https://xrpl.org/issued-currencies-overview.html 2. https://xrpl.org/cross-currency-payments.html 3. https://xrpl.org/offercreate.html 4. https://xrpl.org/trust-lines-and-issuing.html 5. https://xrpl.org/tx-sender.html 6. https://ripplerm.github.io/ripple-wallet/ 7. https://xrpl.org/rippleapi-reference.html#order

Hi All, Can someone tell me why the following trustline request cannot be deleted? {"specification":{"limit":"0","currency":"USD","counterparty":"{ACCOUNT_COUNTERPARTY}","ripplingDisabled":true},"counterparty":{"limit":"0"},"state":{"balance":"0"}} The {ACCOUNT_COUNTERPARTY} is a ripple address of course The limit is 0 on both sides as you can see, the frozen is disabled as well and the balance is 0. As I know, this means that the trustline should be deleted. The submit returns with success message btw Thanks!

Dose anyone know how to set the trust line from gatehub to flashfx, I just need FlashFx ripple address but it is annoyingly hard to find?

Please. I need 25 Ripple to activate my wallet, Can you send me them to me? Unfortunately, I just can transfer money by bank transfer or WU ans this may takes some days, I am looking for someone can give me 25 XRP to activate my wallet and send them back to him after convert my pending bitcoins. Please help me! My ripple wallet : *** Thanks,

I’m trying without success to transfer some EUROs to my wallet. However, I received an email saying that I have to setup a EUR trustline. Problem is every time I try to do this I get and error, see attach search shot. I’ve tried repeatedly to request help via the help chat box, but get no reply. I just keep getting an email telling to setup the trustline. Any ideas how I can resolve this??

So I am new to all of this cryptocurrency. I just set up my first wallet with Gatehub, got my account verified, and began trying to transfer USD from FlashFX to my ripple address. FlashFX alerted me that I needed to establish a trustline, and in following the tutorials I can find out where to go to enter details. But I cannot work out for the life of me what the public address is that I enter so that the payment clears. Every google search has turned up empty. This is probably a super simple fix but I need help to work this out. Thanks in advance!

Are market makers able to advertise their prices/services to attract users to extend trust lines to them? Basically how do new market makers get business if no one has extended trust lines to them yet? Does the pathfinding algorithm take into account paths that contain new market makers with little to no trust lines extended to them yet?