Edge: Private and Secure Mobile Crypto Platform Ripple Wallet

The Edge Ripple wallet is a safe, simple, and intuitive wallet for your XRP. With Edge, investors can hold multiple wallets with different master private keys/seeds all inside of the same account. 

Edge wallet offers users a safe and dependable way to store their XRP, along with other digital assets. By and large, users do not have to change wallets to store multiple cryptocurrencies; instead, users can simply hold a multitude of assets all inside of Edge. With security as our foundation, users can be sure that their funds are safe with Edge.

 

SECURE

Automatic client-side encryption ensures that your private keys are always encrypted and protected from malware.

 

PRIVATE

Decentralized access & zero-knowledge encryption make Edge the #1 most private cross-platform account.

 

DECENTRALIZED

Connectivity to multiple public blockchain nodes ensures wallets function even if Edge servers are down.

 

POWERFUL

Transaction tagging and multiple wallets per account make the power users happy.

 

INTUITIVE

The familiarity of a username & password hides the complexity of cryptography and synchronization.

 

EXPANDABLE

Edge Login, plugins, and the Edge SDK connect the mobile wallet to a suite of other blockchain applications.

 

Incredibly rich functionality and features.

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Multi-device synchronization across all mobile devices

 

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One-Touch 2-Factor Authentication

 

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Simple password recovery

 

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Multiple wallets per account with simple user defined wallet names

 

05

Integration with address book to auto-complete payee name and photo

 

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Hierarchical Deterministic wallets with changing addresses per transaction

 

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Support for over 140 currency exchange rates

 

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Zero-access to user funds or transaction data by Edge or other 3rd parties

 

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Configurable mining fees per transaction

 

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Decentralized server architecture. Wallets work even if Edge servers are down

 

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Open-source code. Available on Github.

 

About Ripple

Origin of XRP (Ripple)

XRP is a crypto-asset that was created in January of 2013 by OpenCoin, Inc. which soon after became Ripple Labs, the company we all know today. The Ripple Labs company, under the original agreement, is in charge of developing Ripple software, promoting the network,  giving away, and selling XRP.

 

The Purpose of XRP

XRP is the original cryptocurrency for Ripple Labs products. Its products are used for asset exchange, payment settlement, and remittance systems that have similarities to the SWIFT network — a platform used by financial intermediaries and networks of banks to securely transfer money internationally.

Ripple has its own system, with a single coin comprising one million units, referred to as drops. One hundred billion XRP were created at the start of Ripple’s work, and the protocol regulations forbid new emissions.

Investors in this crypto network are not required to store their investments specifically in XRP, with the ability for them to instead invest via various instruments in the network, regarded as debt instruments. The XRP currency is used as a transitional digital currency for transactions where direct exchange between two other currencies is unavailable.

At the time of writing, XRP is ranked 5th in market capitalization after Bitcoin, Ethereum, IOTA and Bitcoin Cash, and as of early October 2017, the cost of one XRP hit $0.23.

XRP is designed to reduce the friction, cost, and settlement time of the existing cross-border payment systems. Ripple and XRP supporters want to bring interoperability to the existing financial system making it more efficient, reliable, inexpensive, and connected.

Payments made with XRP settle in 4 seconds and transaction throughput is estimated to be around 1,500 transactions per second with very low transaction fees, making XRP one of the fastest, cheapest, and most scalable crypto-assets. In comparison, Bitcoin settles transactions in about 10 minutes, has a throughput of 7 transactions per second, and is relatively more expensive to use.

The existence of XRP and Ripple reduces the need for international banks and payment processors to hold nostro and vostro accounts with each other in exotic markets. In mature markets, like currency flows between the Dollar and Yen, the movement of currencies is efficient, liquid, and cheap. However, currency flows between financial institutions in developing economies like Mexico and the Philippines have lower reliability, low liquidity, and are more expensive.

Ripple Labs claims that financial institutions trying to send payments into hard-to-reach places in the global payment system can save up to 70% by using Ripple’s software in conjunction with XRP in lieu of nostro or vostro accounts.

 

How the XRP Network Forms Consensus

The way the XRP ledger comes to consensus is much different than PoW or PoS based assets like Bitcoin and Ethereum. According to Ripple Labs, the core principle of consensus for the XRP ledger is “a little trust goes a long way.”

Consensus in XRP is led by sets of validators with substantial overlap amongst the sets. Individual validators are a part of sets called unique node lists (UNL). Each participant on the network chooses their own trusted set of validators (UNL), but for participants to agree on the order of transactions, participants must choose a UNL that is fairly similar to the sets chosen by everyone else. If a participant’s UNL has less than 90% overlap with the rest of the network, it could cause the ledger of the participant to diverge from others on the network. Because of this potential divergence, Ripple publishes a signed list of recommended validators run by Ripple, industry participants, and other trusted validators.

Consensus among the validators is an iterative process in which validators propose a specific order of transactions with other validators, and the other validators propose their own, with the validators reconciling proposals until there is a consensus amongst the validators about the validity and order of transactions.

The XRP ledger needs a supermajority of these validators to declare consensus for the network to move forward. The threshold for a supermajority in the XRP ledger is 80%. If less than 20% of the validators are dishonest or faulty, the network can still make progress. If more than 20% of the validators are dishonest or unreliable, the network will not make progress.

A 51% attack is not a threat for the XRP ledger like it is in other networks like Bitcoin or Dash. However, if greater than 20% of the XRP validators are malicious, the networks may have trouble making progress. In a more extreme case, if more than 80% of the XRP validators are malicious, an invalid transaction could be processed by the network. In short, as long as at least 80% of the validators are honest, the XRP ledger will come to consensus and move forward as a payments network.

 

The Edge XRP Wallet

User controlled, private, and secure

Shows full transaction history of XRP

Support for Ripple Network Destination Tags

Easily exchange between XRP and many other crypto-assets right within the wallet

Buy & sell XRP in select regions

 

Highly Secure

Edge includes robust security features never previously seen in a mobile, web-based, or desktop cryptocurrency wallet. Click here to learn more about Edge’s security features.

 

Support Network Destination Tags

Destination tags are XRP payment properties that are used to identify the beneficiary or destination of a payment. Edge supports the ability to add destination tags when sending XRP transactions.

 

Buy & Sell XRP In Select Regions

XRP is among the most highly traded assets on international crypto exchanges and is one of the largest global digital currencies by market valuation. Edge users can buy, sell, and trade XRP all inside of Edge without ever having to leave the app.

 

Why Use Edge to Purchase XRP, Bitcoin, and other Crypto?

Edge is a secure, easy, and private way to use, store, trade, and exchange crypto-assets. Many solutions either leave the responsibility of security completely on yourself, or require you to give up control and privacy. At Edge, we make sure you’re always in control of your money and information while also providing the tools necessary to protect yourself from us, others, and your own mistakes.

Edge has rich functionality, a battle-tested security architecture, and the industry’s best customer support. You’re never alone but always independent with Edge.

 

Multi-Currency Support

Unlike many other mobile wallets, Edge supports multiple cryptocurrencies beyond Bitcoin. We are continuously developing and striving to add full support for additional currencies.

 

Intuitive User Interface

Because our user interface was created with user-friendliness as a top priority, it is quite simple to use. A user can create and access several wallets via the Wallets screen, view balances, and manage their cryptocurrency portfolio simply and straightforwardly. In addition, we offer sophisticated security settings which are isolated from the rest of the app and can only be accessed by entering the full password for the account.

 

Beautifully Designed

Edge’s color configuration is carefully considered and pleasing to the eye. Furthermore, the design is straightforward and clear, resulting in a simplified user experience.

 

Multi-Purpose 

Customers can send and receive digital currencies in their wallet and exchange cryptocurrencies on the go. With these exchange features, crypto investors can move when the markets do. 

If you think a digital asset is about to fall, trade it for another asset that will rise or hold its value. The exchange feature is an innovative and easy way for users to manage their portfolios.

 

Mobile

A mobile cryptocurrency wallet allows you to access your coins anywhere throughout the day and provides hardened security against threats like malware, which are more prevalent on desktop applications.