Spark (Flare Blockchain) Airdrop for Ripple (XRP) Holders

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Ripple (and it's open sourced cousin, Stellar) are blockchains that aim to facilitate trades between assets that have been digitally represented. This could be fully digital assets like cryptocurrencies, or physical assets that have been tokenised like stocks or real-estate. The native token XRP (or XLM for Stellar) serves as a bridging currency to connect chains of transactions that would otherwise have no common pairing, and would thus be impossible to execute.

However, Ripple has lacked the smart-contract ability that has been the main driver of chains like Ethereum. Seeing this lack of ability to build additional structures upon the Ripple blockchain, the Ripple Foundation have funded the development of the Flare network which will add a smart contract ability to the Ripple blockchain and also allow for trustless bridging of assets represented on Ripple to other blockchains.

Proof of Stake (POS) or the various variants of this consensus type is the current preferred way for projects to achieve scaling of their networks. However, Proof of Stake does derive much of it's security from the price of it's native token. The more expensive the token, the more expensive it is to attack... however, the reverse is also true... if there is a drop in token price, then the network becomes vulnerable to attack.

Flare have opted to try a different method for their consensus protocol that will hopefully remove this attack vector. Their implementation of a Turing-complete Federated Byzantine Agreement is described here: https://flare.ghost.io/theflarenetwork/

It is quite an interesting solution to the problem of connecting assets on the Ripple blockchain to other blockchains, and it could be quite a game changer, as Ripple is the netowkr that some banks have been playing around with to help with facilitating international transfers and remittances.

So, when Flare launches, there will be an Airdrop of the native token (FLARE) to holders of XRP tokens. Unlike most of the previous airdrops, where people were just splashed with free tokens to "create a community"... these days, you have to show a minimum amoubt of interest to receive tokens. After all, the first wave of ICO airdrops only served to create a class of "investor" who expected free money to rain from crypto heaven.

If you have XRP in a personal non-custodial wallet, it is possible to signal your interest in claiming these tokens before the snapshot date. The snapshot date has been set at 00:00 GMT on 12th December 2020, a date that was chosen to commemorate the inventor of the Costen Maritime Flare (Martha Costen). Of course, exchanges may or may not support the launch and distribution... you never know!

The method to claiming is quite simple, you just need to set the message field of your XRP address to point to your FLARE address (which will be derived from an Ethereum address). Don't fear, it is really quite simple!

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First you will need to navigate to XRPtoolkit

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Connect with your preferred method.... well, wherever your XRP happens to be!

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In the Account tab, select Properties.

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... and there you will see the Message Key.

From here, I will point you to the instructions for what you need to set in this field at: https://flare.ghost.io/claiming-spark-faq/

You should get that sort of information direct from the horse's mouth and not from a random blogger on the internet!

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