Crypto Pacitan : RipaEx - hybrid-decentralized exchange

RipaEx - hybrid-decentralized exchange

Introduction

RipaEx is a Crypto Asset Marketplace that will host several cryptocurrency exchanges, the main objective of the project is to provide resources and technologies to allow the opening of new exchanges at a more affordable cost, through an Open Source Exchange platform completely free, efficient and reliable and it will also have a portfolio of shared orders with all other exchanges in the network, which means that even the new exchanges have liquidity from the first day of operation.

Ripa Exchange is a market of cryptographic assets (fiduciary money or cryptocurrencies or something like that) that follows the latest industry standards and is based on the principles of "open, safe and efficient code". Ripa Exchange aims to serve a platform for crypto-currency enthusiasts by providing a secure, customizable and user-friendly user interface that embraces the principles of open source and public trust.

Ripa Exchange is implemented with the Rails framework and other cutting-edge technologies and will be migrated to a decentralized hybrid plant where all the Ripa network exchanges will share liquidity thanks to the RLSP technology.

"The mission is to build the best open source cryptographic asset market with a high performance and security engine that users can trust and enjoy, and to advance cryptographic currency exchange by supporting and adding new features. They are helping people easily build their own exchange around the world. "

The Blockchain of Ripa

The RipaEx project will have its own chain of blocks called Ripa that will run in the DPOS protocol and have the XPX token (P symbol) running on it that will serve the following five purposes:

to list new cryptocurrencies in Ripa Exchanges

announce new projects

buy the RipaEx gadget in the RipaEx store

pay for the sale of goods and services in authorized resellers with RipaEx POS (point of sale)

to share liquidity between Ripa Exchanges in the same network

Ripa (XPX orP) is a cryptocurrency derived from ARK, Lisk, Crypti and BitShares with unique differences and improvements to achieve the liquidity objective shared between exchanges in the same Ripa network. However, this code inherits the simplified interactions between ARK and other blockchain systems that use DPoS as consensus. This homogeneous code base allows the possibility of providing service bridges in the form of ARK-Lisk blockchain applications, along with any other additional system provided by its blockchain administrators.

RIPA BLOCKCHAIN IS AN ARK FORK AND THE USE OF A BLOCKCHAIN TECHNOLOGY FOR THE NETWORK OF CREATED EXCHANGES WILL COMPLETE THE RIPA ECOSYSTEM, ALLOWING EACH POCKET IN THE RIPA NETWORK TO SHARE THE SAME LIQUIDITY. ALWAYS CONFIRM ARK AS A BLOCKING TECHNOLOGY PROVIDER TO MELT YOUR CODE WITH THE LATEST CHARACTERISTICS OF WHAT REFERS TO THE RIP BLOCK LOCK

He explained the use of the Ripa Blockchain in the RipaEx ecosystem and explained the RIPA - ARK technological relationships. The following are the specifications of the Ripa Blockchain derived / inherited from ARK.

Stake Technology delegated test

Ripa Blockchain, will inherit the Stake Delegate Consensus System (DPoS) that was first introduced by BitShares. This consensus algorithm was designed to eliminate the problems associated with the work test (PoW), that is, the centralization of the computing power and the exponential increase in the waste of real-world energy. Although it is not completely decentralized as it depends on the consensus of a fixed number of elected delegates, it guarantees a better decentralization than Bitcoin. The implementation of the consensus algorithm is improved over time, evolving towards an optimal consensus system.

The technical description of the Ripa blockchain is as follows:

DPoS (Delegate stake test)

- 101 Delegates of active forging

- Delegates selected by voting mechanism integrated in DPoS

- 115,000,000 XPX - Genesis block seeded

Multiple signature accounts

Constant block reward

- 2P per block

- Inflation rate (with block times of 8s)

- 6.31% for the first year

- 5.93% the second year

- 4.02% the tenth year

- Block time of 8 seconds

- Reduction of the possible blocking time with future updates to the kernel.

- 25 transactions per block

- Increase through soft fork, as necessary.

Routing tables

SmartBridge data field for customized use and bridge blocks (ARK contract execution service)

Batch transactions

Customized transaction rates

Native smart contract execution

AS SAID RIPA BLOCKCHAIN IS A FORK ARK AND WILL MAKE ARK LIKE BLOCKCHAIN TECHNOLOGY PROVIDER TO MERGE ITS CODE WITH THE LATEST CHARACTERISTICS OF WHAT REFERS TO THEIPA BLOCKCHAIN, characteristics like:

Expansion of the network to the level of the main credit card networks with major updates

. Increase in the number of counterfeit delegates

. Increase block size to include more transactions

. Implementation of the TestNet pre-approval PBFT block concept [codename: TwinChain]

. Routing tables. Minimize the jumps between the nodes when the blocks are transmitted

: include forging with uncles RIPA.

Two types of nodes are used to protect the RIPA network:

- Retransmission nodes - Nodes with full API functionality, acting as a back-end for the featurerich lite clients. Retransmission nodes do not charge any transaction fees and do not have the ability to Forge RIPA blocks.

- Forge nodes - Nodes with reduced API functionality, decreasing topotential exposure DDoS attacks on the RIPA Platform. Forge nodes can Forge RIPA and receive transaction fees.

The official lite client for network access will be provided shortly before the launch of the mainnet, including desktop clients (Windows, MacOS and Linux) and mobile clients (Android and iOS).

Offline wallet creation: the network itself does not use a graphical user interface by default. Any RIPA account can be created offline and administered without cost with a single device (computer, mobile phone, embedded ARM, IoT).

Hierarchical Deterministic Wallets (HD) (BIP32)

The structure of the generation of public and private keys follows the same specification as Bitcoin. A customized implementation of BIP32 is provided for hierarchical deterministic portfolios for RIPA users.

Enrollment

The rate for standard transactions is set at P 0.1, but it will be flexible in future versions of RipaBlockchain. In the mainnet release, a fee structure is provided immediately to forge delegates with the following rules:

- TransactionP 0.1

- VoteP 1 (101 votes per transaction)

- Second firmP 1

- Multi SignatureP 1 per signature + P 1 per signature account

- Registration to delegateP 25.

All fees are paid to the forge node that processes the block that contains those rates.

Ripa delegates and delegates vote

Any node that executes the corechain code that wishes to become a forged node must register its account within the RIPA network. The fee for this registration is set at 25P per registered delegate account. RIPA incorporates a new DPoS voting system originally planned by Crypti Founders. The RIPA system rate is 1P per delegate vote. The weight of the vote of each wallet will be divided equally among all the delegates voted. For example:

- If a wallet votes for a delegate, that delegate receives 100% of the voting weight of the wallets.

- If that wallet votes for an additional delegate, the total weight of the vote is divided equally between the two delegates at 50%.

- By adding a third delegate, the weight of the vote is divided again, and each of the three delegates receives 33.333% of the voting weight of that wallet.

The 101 forging nodes with the highest number of votes are eligible to forge RIPA blocks. This design eliminates the possibility that a single large RIPA holder or an organization that owns large percentages of RIPA can gain control of the entire network by voting for all its nodes to forge positions, effectively taking full control over that DPoS Blockchain. The votes of XPX Tokens held by RIPA Crew can be used at the discretion of RIPA Crew.

Connecting Blockchains

ARK Locked in block (SmartBridge technology)

ARK Platform does not provide direct support for sidechains or dapp databases. Instead, a mechanism is provided to join block chains through an integrated bridge function in ARK Core where any blockchain can send and receive notifications of trigger functions and informational data through the primary ARK network through of CustomSmartBridge (s) and encoded listeners.

ACES - ARK Contract Execution Service

ACES is a blockchain interoperability platform that provides simple protocols and tools to build a robust blockchain services market.

ACES is composed mainly of the following three components:

- ListenersACES Listeners provide a way for all different blockchain transaction events to be easily consumed through a common REST-ful API. The API allows consumers to create subscriptions and receive blockchain events in real time using Webhook callbacks.

- Services ACES services create and execute service contracts, which can be from uploading a file to a storage blockchain, making value transfers, creating smart contracts, executing code on blockchain-based computing platforms or interacting with IoT hardware.

- Marketplace ConsoleThe ACES Marketplace Console is a consumer control panel for searching and executing service contracts listed in the Marketplace. ACES service providers can list their service nodes using the Marketplace API.

Ripa liquidity service provider (RLSP)

Using SmartBridge technology, RipaEx will build a mechanism to share liquidity among all exchanges in the Ripa network by writing the single exchange order book in the Ripa Blockchain and executing the order correspondence between all exchanges in the network.

In this way, you can get the benefits of a decentralized order book (such as liquidity) with the benefits of a centralized exchange (such as platinum customer service and the FIAT exchange).

Ripa community fund

To allow the birth of new exchanges in the Ripa network, a Ripa Community Fund - RCF is created with the following characteristics:

- Main Main: the RCF will have an initial capital of 5% (5,750,000P) of the genesis block

- Recurrent Participation: each delegate will contribute to the RCF with 5% of their counterfeit XPX

To obtain RCF funds to start your own Ripa Exchange, you must submit your proposal in the official RCF section of the Ripa forum at any time after the first instance of Ripa Exchange is operational.

Sale of chips

The sale of RIPEx XPX tokens will be divided into two phases:

PRESALE: which will run from April to June 2018.

RIPA TEC: to be implemented from July to December 2018.

During the sale of the token, the exchange rate of the XPX tokens will be P / € 0.10.

The following cryptocurrencies are accepted: BTC, ETH, ARK, LISK.

Bonus for investors and new users

For all investors in the RipaEx, ICO will receive a credit of 1,000.00 in commercial commissions in the first instance of Ripa Exchange in execution, while a bonus of P 1,000.00 will be granted to all new registered users during the RIPEx ICO to use for your own will

Distribution of XPX Ripa tokens

115,000,000XPX tokens are sown in the gene block:

XPX Token Economics

As explained in section 4, Ripa Blockchain will have its own XPX file (symbol P) that will serve the following purposes:

to list new cryptocurrencies in Ripa Exchanges

announce new projects

buy the RipaEx gadget in the RipaEx store

pay for the sale of goods and services in authorized resellers with RipaEx POS (point of sale)

to share liquidity between Ripa Exchanges in the same network

The main objective is that the economy of the XPX token stays healthy throughout the RipaEx project, for this reason it will apply economic strategies to the token economy so that the price of the token increases constantly throughout the duration of the project and beyond.

Road map