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Dec 3 β€’ 21 tweets β€’ 7 min read Twitter logo Read on Twitter
[1/🧡] Here's the promised ALL-IN-ONE thread on the Evernode $XRP-Holder token airdrop.

We'll go over the essentials & how to claim your "Evers" safely using @XummWallet, even if your address is tied to another wallet like @Ledger.

Buckle up; this is going to be a long one. πŸ‘‡
[2/20] β€” Outline β€”

πŸ”Έ Basic Overview
πŸ”Έ Fundamentals
πŸ”Έ Considerations
πŸ”Έ Tutorial (step-by-step)
πŸ”Έ Optional Ideas
πŸ”Έ What's Next? Source: https://www.gagan.pl/crypto/xrpl-funkcja-sprawdzania-na-horyzoncie/
[3/20] β€” 1⃣ Basic Overview β€” Dates

πŸ”Έ 11.December.2023 β€” Register your addresses
Closes 6:00PM Monday AEDT
Closes 2:00AM Monday EST

β€’ Meantime β€” "Import" onto Xahau and set the correct Trustline

πŸ”Έ 18.December.2023 β€” Targeted Launch
πŸ”Έ After Launch β€” Claim the Evers Source: https://evernode.org/evers/#evers-airdrop-section
[4/20] β€” 2⃣ Basic Overview β€” Why?

What a struggle, you may say, but the devil is in the details.

They must airdrop on another blockchain based on an XRPL snapshot, screen out people who are unable or unwilling to participate, and match the specific qualifying token numbers. Source: https://evernode.org/evers/#evers-airdrop-section
[5/20] β€” 1⃣ Fundamentals β€” Regular Key

On XRPL, an account's "regular key" may be viewed as a separate but empowered address with the authority to operate your main account on its behalf.

This is usually the case if you like to have this:
πŸ”Έ Deputy Account
πŸ”Έ Backup Account Source: @krippenreiter
[6/20] β€” 2⃣ Fundamentals β€” Import

πŸ”Έ XUMM β€” Full Access

One way of importing an XRPL-Account into XUMM is to import the keys or seeds alongside the public address, which will convert your wallet into a "Hot-Wallet."

❌ Keys should not be migrated from one wallet to another Source: https://help.xumm.app/app/getting-started-with-xumm/importing-your-account
[7/20] β€” 3⃣ Fundamentals β€” Import

πŸ”Έ XUMM β€” Read Only

By doing so, you just import the public address of your cold wallet and thereby advise XUMM that it exists and that you wish to see balances or kick off transactions without signing them.

βœ… No security concerns Source: https://help.xumm.app/app/getting-started-with-xumm/importing-your-account
[8/20] β€” 4⃣ Fundamentals β€” Import (Add Card)

πŸ”Έ XUMM β€” Tangem Card

Because the keys are always stored on the card, you may import the public address in read-only mode or safely add your Tangem card in full access mode.

βœ… No security concerns Source: https://twitter.com/WietseWind/status/1329863881083260930
[9/20] β€” 5⃣ Fundamentals β€” Import

πŸ”Έ XahauL β€” r-address

This specific "import" of your XRPL account using a yet-to-be introduced tool will assist you in initially setting up your account on XahauL.

@XrplServices has already summed it up precisely πŸ‘‡
[10/20] β€” 6⃣ Fundamentals β€” Register

πŸ”Έ XUMM β€” SignIn TX

Have you ever wondered why your signed claim TX is never sent to the XRPL?

This is because it is a XUMM-specific "pseudo-TX-type" that responds with:

β€’ Signed by?
β€’ Valid signature?
β€’ Multi-Signature Wallet? Source: https://claim.evernode.org/
[11/20] β€” 1⃣ Considerations β€”

Before we begin the tutorial, a few last words.

We're about to temporarily give another account the authority to sign TXs on our behalf.

If this account was never linked to your cold-wallet, the linking may undermine your privacy or security. Source: https://www.core77.com/posts/108594/UX-Design-History-When-One-Car-Required-Two-Keys-With-Different-Shapes-to-Operate
[12/20] β€” 2⃣ Considerations β€”

We will never migrate or leak keys, instead exposing our cold wallet to a second deputy-account, the XUMM mobile wallet, which is only ever not a hot-wallet when linked with a XUMM branded @Tangem card.

If you're unsure, ask questions! πŸ˜‡ Source: https://www.adriasolutions.co.uk/ask-questions-end-of-interview/
[13/20] β€” 1⃣ Tutorial β€”

πŸ”Έ Wallet Preparation (Import) Source: @krippenreiter
[14/20] β€” 2⃣ Tutorial β€”

πŸ”Έ Regular Key Configuration Source: @krippenreiter
[15/20] β€” 3⃣ Tutorial β€”

πŸ”Έ Evernode Address Registration (XUMM) Source: @krippenreiter
[16/20] β€” Optional Ideas β€”

Depending on your paranoia, you may even move away your XRP from your cold wallet before continuing the registration w/ an empty wallet.

In this case, you might not even need the extra security of a Tangem card account and just use your hot-wallet. Source: https://coingate.com/blog/post/wallet-hot-cold-meaning
[17/20] β€” What's Next? β€”

With our claim tickets in hand, we are now waiting for @XRPLLabs to launch the "import" tool that will allow us to kickstart our trip on the @XahauNetwork.

After that, we just add a trustline to rEvernodee8dJLaFsujS6q1EiXvZYmHXr8 on the XahauL. Source: https://xrpscan.com/account/rEvernodee8dJLaFsujS6q1EiXvZYmHXr8
[18/20] β€” Summary β€”

πŸ”Έ To claim with XUMM, use a regular key setup
πŸ”Έ Donβ€˜t import/migrate secrets in full access
πŸ”Έ XUMM is safe in and of itself, yet still a hot-wallet
πŸ”Έ Use a Tangem-card for your regular-key account
πŸ”Έ The regular key method doesn't leak keys Source: https://www.cienotes.com/wp-content/uploads/2019/07/summaryblackboard.jpg
[19/20] β€” Krippenreiter β€”

I write about DLT and crypto, but primarily about XRP and the XRPL-ecosystem. πŸ”₯

If this interests you and you want to learn more, please follow me here:
@krippenreiter

Feel free to contribute by sharing here πŸ‘‡
[20/20] β€” Support & Donate β€” Source: @krippenreiter
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More from @krippenreiter

Nov 17
[1/🧡] Several days have passed, yet no rippled v2.0.0 has been released.

Let's go over some of the reasons for the little delay to the revised date of November 20, 2023. πŸ‘‡
Source: https://github.com/XRPLF/rippled/milestone/8
[2/9] β€” New Issue raised β€” #4811/#4812

πŸ”Έ Fix 2.0 Regression

The issue is an unexpected crash that happens when calling a particular method via an API that now returnsΒ a different result than it did previously after changing the API to v2 & unifying the return formats. Source: https://github.com/XRPLF/rippled/issues/4811
[3/9] β€” 1⃣ Release Candidates β€”

πŸ”Έ Software Release Management

There are versions known as "release candidates" in addition to beta versions, which are made available for developers to try out the most recent version. Source: https://www.itaintboring.com/scrum/setting-up-sprints-for-devqa-in-azure-devops/
Read 10 tweets
Nov 12
[1/🧡] A new major breaking change is on its way to the XRPL ecosystem in the shape of yet another rippled version update.

If all goes as planned, this new version will be available to all node operators by November 13, 2023

Let me introduce you to rippled v2.0.0 πŸ‘‡ Source: @Krippenreiter
[2/16] β€” High-Level Overview β€”

Don't be put off by the lingo. I promise to go over everything and simplify it for you later.

Here is what's new:
πŸ”Έ New API version (v2)
πŸ”Έ TPS performance enhancements
πŸ”Έ 4 new amendments
πŸ”Έ New RPC (method)
πŸ”Έ Several bug fixes and refactoring Source: https://github.com/XRPLF/rippled/milestone/8
[3/16] β€” Software Versioning β€”

In software development, changes are released in a particular format.

This structure specifies the scale & significance of a change that will be made to an update.

For V2, this implies "major breaking change" owing to a newly proposed API version Source: https://www.fyb.com.au/blogs/fyb-software-versioning-what-does-it-all-mean
Read 17 tweets
Oct 22
[1/🧡] The drama around XLS-30 (XRPL-AMM) has reached an all-time high.

But you still have no idea what's going on, don't you?

Here is a compilation of every objective argument I could find that makes current UNL-validators hesitant to vote in favor of XLS-30. πŸ‘‡ Source: @krippenreiter
[2/14] β€” 1⃣ Basics β€”

If you look at the current vote figures, you may believe they all conspired to vote "no," but that is not the case.

There is no such thing as a "neutral" vote, and all votes are either "no" or "yes" until a specific decision to vote differently is made. Source: https://github.com/XRPLF/rippled/blob/5af9dc5abd5ba4dc955a6eb96701dea390c636e8/src/ripple/protocol/impl/Feature.cpp#L457
[3/14] β€” 2⃣ Basics β€”

πŸ”Έ So, what should be the default voting behavior?

According to the documentation:

"DefaultVote parameter should be set to yes for bug fixes; everything else defaults to no"

So, in the instance of AMM, who made the decision?
βœ… Devs engaged in PR#4294 Source: https://github.com/XRPLF/rippled/pull/4294/files
Read 15 tweets
Oct 20
[1/🧡] XRPL: Automated Market Maker (AMM) Q&A β€” Highlights β€”

If you're curious about:

πŸ”Έ The latest drama in town
πŸ”Έ Have just woken up, frustrated about the fact that the space was held at a time when people normally sleep ...

... Then here's a quick & dirty summary πŸ‘‡
Source: https://www.btcc.com/en-US/academy/research-analysis/a-detailed-introduction-of-automated-market-makers
[2/29] β€” Little Remark β€”

I tried to get everything down as accurately as possible, although some of what I wrote may have been misunderstood by me while I listened to the guests speak.

Please pardon any errors, as I welcome you to correct me in the comment section below.
[3/29] β€” 1⃣ Why do we need AMMs? β€”

β€’ We want to be able to buy and sell assets whenever we want, which is why Market Makers are so important

β€’ Liquidity will be added, and new usecases will be available on the XRPL

. . .
Read 30 tweets
Oct 6
[1/🧡] No one votes in favor of the XRPL-AMM feature. 🀨

It's been about a month since I last discussed some of the probable reasons behind this.

Let us take another look at what happened in the meantime and how far we have come. πŸ‘‡ Source: https://xrpscan.com/amendments
[2/12] β€” 1⃣st Consideration β€”

πŸ”Έ Network State

100% of all currentΒ UNL-validators have upgraded to v1.12.0, meaning that the XRPL has been sufficiently updated to not halt as a safeguard if an amendment is put into effect.

Furthermore, >54% of all nodes are up to date. πŸ”₯ Source: https://livenet.xrpl.org/network/upgrade-status
[3/12] β€” 2⃣nd Consideration β€”

πŸ”Έ Amendment-Block

Assuming a 1.12.0-specific amendment is put into effect (like AMM) on the public XRPL, how many nodes will not see the light of day?

🚫 248 Nodes Source: https://xrpscan.com/validators
Read 13 tweets
Sep 9
[1/🧡] With the publication of rippled version 1.12.0, the AMM (XLS-30) amendment procedure has only recently begun.

Yet, despite this, no one votes in support of the most recent amendments, such as AMM or Clawback. 🀨

The reasons behind this may surprise you. πŸ‘‡ Source: https://xrpscan.com/amendments
[2/19] β€” Network State β€”

Let's begin by looking at how many nodes have already updated to v1.12.0 and how many of those are part of the recently formed XRP-UNL πŸ‘‡

πŸ”Έ 679 Nodes in total
πŸ”Έ 136 Nodes - v1.12.0 (20%)
πŸ”Έ 17 UNL-Validators - v1.12.0 (48%)
πŸ”Έ Credits: @jonaagenilsen Source: https://twitter.com/jonaagenilsen/status/1700500904997163087?s=20
[3/19] β€” Reasoning β€”

Knowing these numbers, we can now easily conclude the many reasons why one should not vote in favor of any new amendment yet. πŸ€”

If you do, please openly disclose your intention to do so in a symbolic fashion & vow to withdraw if the quorum is nearing. Source: https://livenet.xrpl.org/network/upgrade-status
Read 20 tweets

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