[Ripple-Wallet Guide] Managing Trustlines
Wallet Demo: http://ripplerm.github.io/ripple-wallet
Source Code: https://github.com/ripplerm/ripple-wallet
All currencies (except XRP) on Ripple-Consensus-Ledger are IOUs, which are recorded on RCL as balances of trustlines between two parties.
To view/manage trustlines on ripple-wallet, go to Trustlines tab:
The information on this page should be auto-updated when there's any change. When auto-update is not working, just hit Refresh button to request latest info.
Adding Trustline
A dialog box will pop up when Add New Trustline button is clicked.
Simply fill in the Currency, Issuer, and Trust-Limit:
An account-name (green-color font) will show up next to the input box of Issuer, if the address existed in Contacts or Gateways list of the wallet.
This wallet allow users to access advanced-feature of trustline, e.g. input/output qualities, rippling, freeze, authorize. For most ordinary users, it's recommended to leave them as default.
Reserves
Each new trustline will increase the reserve requirement of an account by 5XRP.
Edit/Removing Trustline
To change the settings of any trustline, simply click the edit link on the last column.
A trustline will be removed when its balance is zero and all states on both ends were set to their default values. This would means:
- trust-limit is zero,
- disallow rippling (unless the account had set its
DefaultRippleflag), - not frozen,
- no quality_in/out.
If you had set the states on your end to default-values but the counter-party has not, the trustline will still exist on RCL, but won't cost you any reserves if you are not holding any (positive) balances on the line.
Related Articles:
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