Krippenreiter Profile picture
Feb 11, 2023 โ€ข 11 tweets โ€ข 9 min read โ€ข Read on X
[1/๐Ÿงต] A brief #thread on how to properly download and verify your newest #IOTA #Firefly Windows version. ๐Ÿ˜‰ Source: https://block-builders.de/iota-wallet-firefly-jetzt-
[2/10] You might be wondering why @iota doesn't allow you to download & upgrade the version via the client.

To be honest, this would definitely improve usability (#UX), but it would also need the user to trust the DL content.

That is precisely what we do not want with #crypto. Source: https://firefly.iota.org/
[3/10] Who knows whether the network path from #github to your PC wasn't intercepted and a man in the middle (#MITM) replaced your downloaded program with a slightly different one.

To ensure that the program you are installing is the one meant for you, verify the #hashes. ๐Ÿ‘€ Source: https://dev.to/pixiumdigital/cyber-security-introduc
[4/10] Before we get into the technicalities, let me demonstrate & prove to you that altering just a small portion of whatever you're hashing results in an entirely different hash

1โƒฃ โ€” A notepad file beginning with the letter "a"
2โƒฃ โ€” A notepad file beginning with the letter "b" a.txtb.txt
[5/10] The same is true for any other program, including the #firefly desktop wallet.

So, to be absolutely certain that nothing has changed, we must manually (I know, it's a pain) compare the #hash that we produced ourselves to the one that was given to the public.

#LFG ๐Ÿค“ Source: https://se-you.tistory.com/11
[6/10] Step 1โƒฃ โ€” Download the software

First, we download the latest application from #github as normal.

For this, we examine the release candidates that have been publicly *cough* released. ๐Ÿ˜…

github.com/iotaledger/firโ€ฆ Firefly Desktop 1.7.1 Latest
[7/10] Step 2โƒฃ โ€” Open CMD.exe

Next, we launch #cmd.exe (without administrative privileges) and enter the following:

โ–ถ๏ธ cd %userprofile%\Downloads

(We are now inside the folder containing the #IOTA #Firefly wallet software.) cd %userprofile%\Downloads
[8/10] Step 3โƒฃ โ€” Generate a SHA256 hash

To accomplish so, enter the following command after accessing your "Downloads" folder:

โ–ถ๏ธ certutil -hashfile "firefly-desktop-1.7.1.exe" SHA256 Eingabeaufforderung
[9/10] Step 4โƒฃ โ€” Compare the hashes

We're almost there! ๐Ÿ˜…

The next step is to compare the #SHA256 hash we generated with the one the @iota Foundation published on #github to determine whether or not our download was tampered with. File Hashes  How to verify the authenticity of your Firefly
[10/10] That seems good to me! ๐Ÿฅณ

If you don't believe me and want the official guide and walk-through, here it is:
wiki.iota.org/introduction/hโ€ฆ

That's all! If you appreciated it and learned something from it, please add your name to my list of followers: @krippenreiter ๐Ÿป

โ€ข โ€ข โ€ข

Missing some Tweet in this thread? You can try to force a refresh
ใ€€

Keep Current with Krippenreiter

Krippenreiter Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @krippenreiter

Nov 16
[1/๐Ÿงต] The bull run is here and you're new to XRP and the XRP Ledger and don't know where to start? ๐Ÿคจ

Here's a comprehensive list of websites and the essentials you NEED to know to get started and get the hang of the ecosystem!

Follow me as I go! ๐Ÿ‘‡ Source: https://xrpl.org
[2/23] โ€” Outline โ€”
๐Ÿ”ธ Introduction
๐Ÿ”ธ The "Core"
๐Ÿ”ธ Explorers
๐Ÿ”ธ Wallets
๐Ÿ”ธ Services
๐Ÿ”ธ DeFi Source: https://www.gagan.pl/crypto/xrpl-funkcja-sprawdzania-na-horyzoncie/
[3/23] โ€” 1โƒฃ Introduction โ€”

The XRPL is a decentralized, immutable, censorship-resistant, permissionless DLT that offers several native Layer-1 functions such as AMM, orderbook & tokenization.

The XRPL is NOT Ripple, as Ripple didn't exist when the XRPL was originally released. Source: https://xrpl.org
Read 24 tweets
Oct 8
[๐Ÿงต] Most people lose money to the XRPL-AMM! ๐Ÿ˜ข

The reasons vary, but typical beginner's mistakes are the main reason for drastic (im)permanent losses. (pun intended)

If you are an XRPL-AMM beginner, there are exactly 10 golden rules that I think most people should follow ๐Ÿ‘‡ Source: @krippenreiter
[2/15] โ€” TL;DR โ€”

If you don't like pretty pictures, but would rather have someone explain the details to you, you can find my video version of this thread here. ๐Ÿ‘‡

[3/15] โ€” 1โƒฃ Golden Rule โ€” Source: @krippenreiter
Read 16 tweets
Sep 12
[1/๐Ÿงต] The institutional financial future will be completely on-chain, HOWEVER...

It will be trust-based, gated, and fully compliant with:
๐Ÿ”ธ KYCโ€”AMLโ€”CTFโ€”APFโ€”OFAC

How do you stay compliant on the decentralized and permissionless XRP Ledger that's neutral to its users? ๐Ÿ‘‡ Source: @krippenreiter
[2/18] โ€” Regulatory Compliance โ€”

Institutions who want to work with Ripple to use their tech stack must be careful not to get into trouble while using blockchain technology.

For this, Ripple has pledged NOT to:
๐Ÿ”ธ Launder money
๐Ÿ”ธ Finance terrorism
๐Ÿ”ธ Evade sanctions Source: https://www.mentu.com.py/blog/1807/implementando-el-compliance
[3/18] โ€” KYC โ€”

For institutions who wish to directly use the XRP Ledger, it's critical to always "[K]now [Y]our [C]ustomer".

Just as when you set up a bank account, an institution will not accept complete anonymity or even pseudonymity and will ask for your identity. Source: https://www.investopedia.com/terms/k/knowyourclient.asp
Read 19 tweets
May 21
[1/๐Ÿงต] Did you know that there is scientific research on the optimal fees for geometric mean market makers (G3M), one of which is the XRPL-AMM?

๐Ÿ’ก We are doing it all wrong, and here's everything you need to know to revive the AMM. ๐Ÿ‘‡ Source: @krippenreiter
[2/20] โ€” Basics โ€”

First of all, among every complaint about the XRPL-AMM, trading fees are something over which we have power.

The voting mechanism of the design passes control to the top eight largest LP-Token holders in each pool, allowing them to regulate trading fees. Source: https://xpmarket.com/amm/pool/USDC-rcEGREd8NmkKRE8GE424sksyt1tJVFZwu/XRP/voting
[3/20] โ€” Facts โ€”

Fees
๐Ÿ”ธ Charged for swapping
๐Ÿ”ธ Range: 0% - 1%
๐Ÿ”ธ Smallest reasonable value: 0.001%

Weight
๐Ÿ”ธ Percentage ownership of a pool
๐Ÿ”ธ Range: 0% - 100%
๐Ÿ”ธ Smallest reasonable value: 0.001%

โ†ช๏ธ The trading fee comes from the weighted mean of the largest 8 active votes Source: https://xpmarket.com/amm/pool/USDC-rcEGREd8NmkKRE8GE424sksyt1tJVFZwu/XRP/voting
Read 21 tweets
May 6
[1/๐Ÿงต] The XRP Ledger is about to level up! ๐Ÿ”ฅ

With all of the proposals, discussions, and development going on right now, here is a thorough, high-level summary of what is in the pipeline ๐Ÿ‘‡ Source: @krippenreiter
[2/18] โ€” DID โ€”

Status: ๐ŸŸข Voting (new bugfix in v2.2.0)

DID is for sharing & controlling your own individual digital identity on the XRPL, while the personal data that your ID links to is held off-chain.

Use Cases:
โ€ข Reusable KYC
โ€ข Permissioned, regulated, and compliant DEX Source: https://www.w3.org/TR/did-use-cases/#uc
[3/18] โ€” XChainBridge โ€”

Status: ๐ŸŸข Voting (new bugfix in v2.2.0)

Allows for cross-chain asset transfers across distinct independent ledgers, such as a mainchain (e.g. XRPL) and a sidechain (e.g. EVM-Sidechain).

Use Cases:
โ€ข (w)XRP to be the native asset on a sidechain
โ€ข EVM-InteroperabilitySource: https://github.com/XRPLF/XRPL-Standards/tree/master/XLS-0038d-cross-chain-bridge
Read 19 tweets
Apr 5
[1/๐Ÿงต] @Ripple announced today that they will introduce a new stablecoin pegged 1:1 to the US dollar.

๐Ÿ”ธ Does this imply that XRP is doomed? ๐Ÿคจ

Let's learn together to fully understand the bigger picture. ๐Ÿ‘‡ Source: @krippenreiter
[2/22] โ€” Outline โ€”

๐Ÿ”ธ Ripple News
๐Ÿ”ธ Stablecoin Basics
๐Ÿ”ธ Key Differences - XRP
๐Ÿ”ธ Facts and Figures
๐Ÿ”ธ XRPL-AMM
๐Ÿ”ธ Summary Source: https://www.gagan.pl/crypto/xrpl-funkcja-sprawdzania-na-horyzoncie/
[3/22] โ€” 1โƒฃ Ripple News โ€”

Ripple has announced plans to launch an enterprise-grade, compliant, multichain-compatible, 100%-backed USD stablecoin, marking a significant milestone in their expansion into new verticals.

Runs on...
๐Ÿ”ธ XRPLedger
๐Ÿ”ธ Ethereum

Read 23 tweets

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Don't want to be a Premium member but still want to support us?

Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal

Or Donate anonymously using crypto!

Ethereum

0xfe58350B80634f60Fa6Dc149a72b4DFbc17D341E copy

Bitcoin

3ATGMxNzCUFzxpMCHL5sWSt4DVtS8UqXpi copy

Thank you for your support!

Follow Us!

:(