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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

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More from @krippenreiter

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
Mar 21
[1/๐Ÿงต] It's always exciting to see @jazzicoop talk about the XRPL and DeFi! ๐Ÿ”ฅ

If you don't have time to see the entire clip, here's a quick summary of what was said. ๐Ÿ‘‡
[2/13] โ€” Why was @Ripple at @EthereumDenver? โ€”

@RippleXDev is collaborating with @Peersyst to develop a fully EVM-compatible XRPL sidechain

Devs may tap into XRPL's amazing attributes:
๐Ÿ”ธ Durability
๐Ÿ”ธ Longevity
๐Ÿ”ธ Regulatory clarity on the asset (XRP) Source: https://bridge.devnet.xrpl.org/
[3/13] โ€” Biggest misconceptions about XRPL โ€”

Myths:
โŒ Closed Source
โŒ No Public Development
โŒ Can't build things on XRPL

Reality:
โœ… Open Source
โœ… No SCs, but "primitives" to build on
โœ… NFTs, fungible Tokens, Layer1 DEX
โœ… Accessible via API callsSource: https://xrpl.org/docs/references/client-libraries/
Read 14 tweets
Mar 14
[1/๐Ÿงต] The crypto bullrun has begun, but fraud is on the rise again, so I've curated a list of all the ways you're likely to fall victim to it.

Here's how they'll steal your money in the next cycle. ๐Ÿ‘‡ Source: @krippenreiter
[2/16] โ€” Advance Fee Fraud โ€”

๐Ÿ”ธ A scheme that demands an upfront payment after establishing trust.

One example is a seemingly legitimate loan offered to the victim in exchange for a minor advance payment. Source: https://www.financestrategists.com/uploads/How_Advance_Fee_Fraud_Schemes_Operate.png
[3/16] โ€” Affinity Fraud โ€”

๐Ÿ”ธ Fraud that targets certain groups by offering an investment opportunity within the community to legitimate it.

Is your most beloved influencer promoting a new fancy meme coin? ๐Ÿคจ

He is probably a victim of affinity fraud and lures you in. Source: https://www.financestrategists.com/wealth-management/investments/affinity-fraud/
Read 17 tweets
Mar 3
[1/๐Ÿงต] $XRP Ledger AMM is still not live on the mainnet, and you might be asking:

Why? ๐Ÿคจ

๐Ÿ”ธ Why do we care about amendment-blocking?
๐Ÿ”ธ Why does updating nodes take so long?
๐Ÿ”ธ What is the real issue, & what should we do next?

Allow me to explain what this is all about ๐Ÿ‘‡Source: @krippenreiter
[2/17] โ€” 1โƒฃ The Basics โ€” Why?

Before we go into the details, it's important to understand the basics of why things take so long

Beginning with the fact that amendments represent new features or changes to TX processing

This also holds true when considering simple bug fixes Source: https://xrpl.org/resources/contribute-code/#amendment-implementation
[3/17] โ€” 2โƒฃ The Basics โ€” When?

New amendments, such as the AMM, are regularly proposed w/ new server software versions, which we track w/ each "rippled" release.

So when we talk about upgrading nodes and versions, keep in mind which amendments were introduced w/ what version. Source: https://github.com/XRPLF/rippled/releases
Read 18 tweets

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