Welcome to XRPSports.com

About XRPSports

XRPSports.com is the leading platform at the intersection of Ripple's XRP technology and the sports industry...

Mission Statement:

"To revolutionize sports entertainment by integrating the speed, security, and accessibility of XRP, creating an immersive, fair, and transparent gaming experience that brings sports enthusiasts together from around the globe, while promoting responsible engagement and community growth."

Core Values

  1. Innovation
    • Embrace cutting-edge technology to offer unique gaming and betting experiences.
    • Continuously explore new ways to integrate blockchain and cryptocurrency into sports entertainment.
  2. Integrity
    • Uphold the highest standards of fairness and transparency in all operations.
    • Ensure all games and betting systems are provably fair using cryptographic methods.
  3. Security
    • Prioritize the protection of user data and funds with advanced cybersecurity measures.
    • Implement robust systems for secure transactions using XRP.
  4. Accessibility
    • Make sports gaming accessible to a global audience through easy-to-use platforms and support for cryptocurrency payments.
    • Strive for inclusivity, allowing different levels of engagement for both casual and serious gamers or bettors.
  5. Community-First
    • Build a community that feels valued and engaged through regular interaction, user feedback incorporation, and community-driven initiatives.
    • Foster a sense of belonging among users with shared interests in sports and cryptocurrency.
  6. Responsibility
    • Promote responsible gaming with tools and resources for users to manage their engagement.
    • Contribute positively to the community, perhaps through partnerships with sports charities or initiatives that support athletes and sports development.
  7. Transparency
    • Maintain open communication about platform operations, including odds calculation, payout rates, and any issues or changes affecting users.
    • Provide clear, accessible information on how the platform uses XRP and its benefits to users.
  8. Excellence
    • Deliver top-quality services and user experiences, from game design to customer support.
    • Continually improve based on technological advancements and user feedback.
  9. Education
    • Educate users about both sports and the cryptocurrency ecosystem, especially XRP's utility in gaming and betting.
    • Encourage informed participation in the platform's offerings.
  10. Sustainability
    • Develop business models that are not only profitable but also sustainable in the long term.
    • Consider environmental impacts, perhaps by using energy-efficient blockchain solutions where possible.

Our Services

NFL Teams

Knowledge Check

Question 1

What is a node?

A computer that verifies blockchain transactions
A central authority that controls the network
A type of cryptocurrency

Question 2

What is a public blockchain?

A permissioned network where only certain users can access and participate
A permissionless network where anyone can access and participate
A type of cryptocurrency exchange

Question 3

What does a block in the blockchain contain?

Cryptographic hash
Transaction information
Timestamp
All of the above

Question 4

What is the name for converting a physical asset into a digital token?

Tokenization
Fungibility
Blockchain
Cryptocurrency

Question 5

What is the name of a digital asset that can represent a share of a company?

Security token
Stablecoin
NFT
Bitcoin

Question 6

What makes an asset non-fungible?

It is digital
It is unique
It is stored on a blockchain

Question 7

How are crytocurrency transactions secured?

Cryptography
A central authority verifies them
Strong passwords

Question 8

Where do cryptocurrencies live?

In a physical wallet
In a software wallet
On the blockchain

Question 9

How does a transaction on a blockchain happen?

When the network reaches a consensus
When it has finished downloading the blockchain
When the block is full
When a single validator node approves it

Question 10

What is proof-of-work?

A type of consensus mechanism in which miners compete to solve complex mathematical problems
A type of consensus mechanism in which nodes stake the network currency to validate transactions
A method of reaching consensus via peer-to-peet network of nodes
None of the above

Question 11

What is proof-of-stake?

A type of consensus mechanism in which miners compete to solve complex mathematical problems
A type of consensus mechanism in which nodes stake the network currency to validate transactions
A method of reaching consensus via peer-to-peet network of nodes
None of the above

Question 12

What's one key reason why the XRPL uses a unique consesus algorithm?

It's easier to reverse transactions
It's more energy-efficient
Miners don't need to be paid as much

Question 13

Why doesn't XRPL use PoW?

PoW uses a lot of energy
PoW is too slow
PoW isn't decentralized
Both A and B
All the above

Question 14

Do you need smart contracts to build on the XRPL?

Yes
No

Question 15

What is a smart contract?

A digital contract that executes automatcially when certain conditions are met
A physical contract that is signed by more than two parties
A digital contract that is signed by more than two parties

Question 16

What could a smart contract be used for?

To automate the supply chain
To track the ownership of land
To settle insurance claims
All of the above

Question 17

Which coding language is required to build on the XRPL?

JS
Python
Any language

Question 18

Who first proposed the concept of smart contracts?

Nick Szabo
Satoshi Nakamoto
Vitalik Buterin

Question 19

How is data mutation different in web 3.0 applications?

It is immutable
There are no smart contracts
It is mutable

Question 20

Why was web 1.0 known as the 'read-only' era?

It was difficult to contribute to the web
There were no computers
Google required a paid subscription to use

Question 21

What advantage does web 3.0 offer to the gaming industry?

Reduce lagging
In-game assets with real-world value
Improved graphics

Question 22

What is the web 2.0 era also known as?

The social web era
The read-only era
The dot com bubble

Question 23

What is a cryptocurrency wallet?

A physical wallet that stores your cash and cards
A digital storage device for your private key
Where your cryptocurrency is stored

Question 24

What is one advantage of using blockchain technology for payments?

Easiness to validate transactions
The ability to send and receive payments without a bank account
The faster and cheaper processing of transactions
All the above

Question 25

Where is your cryptocurrency stored?

In a cryptocurrency wallet
On the blockchain
In a physical wallet

Question 26

What is a private key?

A unique alphanumeric code that acts as your public address on the blockchain
A digital storage device for your private and public keys
A hashed version of the public key
A unique code that allows you to access your wallet

Question 27

What is decentralized finance?

An umbrella term for various protocols and financial instruments that are built on distributed ledger technology (DLT), such as blockchain
A type of financial institution that is not subject to government regulation
A way of investing that involves taking on more risk in order to potentially earn higher returns

Question 28

What are some of the advantages of decentralized finance?

Improved security and resilience due to decentralized infrastructure
Removes fees from banks and other financial institutions
Greater access to financial services for unbanked individuals
A and B
All of the above

Question 29

What does 'TVL' mean?

Total value locked
Tokenized value loan
Trade volume level

Question 30

What is a liquidity provider (LP)?

An individual who commits to trade at least once per day
A type of financial institution that is not subject to government regulation
Someone who supplies liquidity to a decentralized exchange (DEX)

Question 31

What is yield farming?

The act of making small purchases at different times of the day
The act of only buying the top-cryptocurrencies
The act of using DeFi protocols to earn interest on digital assets

Question 32

What does 'minting an NFT' mean?

Creating a physical copy of an NFT
Creating an NFT and publishing it to the blockchain
Giving an NFT to someone as a gift
Selling an NFT on a marketplace

Question 33

What's the difference between an NFT and a fungible token?

Fungible tokens are interchangeable, while NFTs are unique and have different values
Fungible tokens are worth something, while NFTs are not
Fungible tokens are physical, while NFTs are digital
Fungible tokens represent ownership of an asset, while NFTs do not

Question 34

What is one potential use case for NFTs?

Proving ownership of an asset
Identity verification
Storing academic records
All of the above

Question 35

What was one of the first big NFT crazes?

CryptoKitties
Decentraland
Etherum
Bitcoin

Question 36

What is tokenization?

The process of turning an asset into a digital token
The process of burning an NFT
The act of buying or selling an NFT

Question 37

What is play-to-earn?

A model that financially rewards players for their skill and dedication
A model that requires players to pay to play
A high-speed blockchain for games to run on

Question 38

How is blockchain changing the gaming industy?

Blockchain is making it easier for small developers to compete with the big names in the industry
Blockchain is making it possible for players to own and trade in-game assets
Blockchain allows anyone to earn an income from playing games
All of the above

Question 39

Where are in-game assets stored?

In the game itself
On the blockchain as non-fungible tokens
In a digital wallet

Question 40

What is forte?

A blockchain platform that provides funding and infrastructure for game developers
An in-game currency for the Fortnite game
A digital wallet

Question 41

How does blockchain help game creators?

It makes it easier to raise funds
It helps them build a strong community
It provides a more level playing field
All the above

Question 42

What is the native currency of the XRPL?

XRPL
XRP
BTC

Question 43

Why did the founders of the XRPL create it?

A
B
C

Question 44

What makes the XRPL environmentally friendly?

It doesn't require mining
It's made of recycled materials
It runs on renewable energy

Question 45

What is the base transactions cost on the XRPL?

0.01 XRP
0.001 XRP
0.00001

Question 46

What is the XRPL's consensus algorithm?

Proof-of-work (PoW)
Delegated proof-of-stake
XRPL Consensus Mechanism
XRP Validator

Question 47

What is the set of chosen validators known as?

The Validator List
The UNL (Unique Node List)
The Consensus Group
The Delegate Group

Question 48

How long does it take for transactions to flow through the XRPL?

A few seconds
A few minutes
A few hours
A few days

Question 49

Why doesn't the XRPL use Proof of Work (PoW)?

PoW is too energy-intensive
PoW is unbalanced
PoW isn't secure enough

Question 50

How much XRP must be destoyed in order to make a transaction on the network?

0.01 XRP
1 XRP
0.00001

Question 51

What is the account reserive?

A deposit of XRP that is required to open an account
The minimum amount of XRP that can be sent in a transaction
A backup wallet in case your primary wallet is lost or stolen

Question 52

What is the purpose of a destination tag?

To use a single account to manage payments for a variety of users
To gain acces to the XRP DEX
To keep trackl of all the different types of assets an account holder has

Question 53

What is a private key?

A public address that is used to receive funds
The amount of XRP required to open an account
A password that is used to sign transactions

Question 54

What is a public address?

A private keky that is used to sign transactions
The amount of XRP required to open an account
A cryptographic code that is used to locate an account on the blockchain

Question 55

Who can see the XRPL code?

Anyone with an account on the XRPL
Only validator nodes
Anyone with an internet connection

Question 56

Can toekns and currencies be issued on the XRPL?

Yes
No

Question 57

Do you need smart contracts to create digital assets on the XRPL?

Yes
No

Question 58

What is the first step to creating your own issued token on the XRPL?

Creating a trust line
Sending a transaction
Configuring the setting for your hot address
Creating accounts and acquiring XRP

Question 59

What is an ask?

A price a buyer is willing to buy an asset at
A price a seller is willing to sell an asset at
The order book for the XRPL DEX

Question 60

What is the oder book?

A list of all current bids and asks for each asset
A recommendation of which assets to trade
A complete timeline of an asset's price history

Question 61

How does pathfinding work?

It uses XRP as an intermediary asset to find the lowest transaction cost
It uses series of assets or hops to find the best connecting liquidities for the original trading pairs
It allows users to trade their assets without having to send them to a centralized exchange

Question 62

How does autobriding work?

It uses a series of assets or hops to find the best connecting liquidities for the original trading pairs
It allows users to trade their assets without having to send them to a centralized exchange
It uses XRP as an intermediary asset to find the lowest transaction cost

Question 63

What is a DEX?

A decentralized exchange that allows users to trade assets without having to send them to a centralized exchange
A cryptocurrency that is used as an intermediary asset to find the lowest transaction cost
An order book that lists all current bids and asks for each asset

Question 64

Why would someone use escrows?

To hold payment funds until the recipient has confrimed receipt of the goods or services being purchased
To require that multiple people approve payment before it is processed
To make a lot of small payments quickly and efficiently
To give someone else the ability to claim funds from your account at any time in the future

Question 65

What is the main advantage of using a payment channel?

You can make multiple payments without having to repeatdly send transactions to the network
It is a secure way to hold funds until a certain conditions are met.
It allows for multiple people to jointly control an account.
It authorizes an account to claim funds at a later date.

Question 66

Which of the following best describes XRPL's check feature?

It is a secure way to hold funds until certain conditions are met
It allows for multiple people to jointly control an account?
It authorizes an account to claim funds at a later date
You can make multiple payments without having to repeatedly send transactions to the network

Question 67

Why would someone use a multi-signature account?

To hold payment funds until the recipient has confirmed receipt of the goods or services being purchased
To require that multiple people approve payment before it is processed
To make a lot of small payments quickly and efficiently
To give someone else the ability to claiim funds from your account at anytime in the future

Question 68

Which of the following best describes a sidechain?

A sidechain is a separate network that runs in parallet to the main network
A sidechain is a type of blockchain that is used to process transactions that are not related to the main blockchain
A sidechain is a centralized network that is used to process transactions


Question 69

What is the purpose of hooks?

To provide smart contract functionality
To reduce fees
To increase the speed of transactions
To improve security

Question 70

Who can contribute to the XRPL?

High net worth individuals
Accredited investors
Anyone with an interest in building a better world
Vetted developers

Question 71

What makes the XRPL sustainable?

A tree is planted with every XRP transaction
Consensus requires little energy, and any energy is offset by carbon credits
The servers that power the XRPL use renewable energy powered by wind turbines
All of the above

Question 72

What is decentralized finance?

An umbrella term for various protocols and financial instruments that are built on distributed ledger technology (DLT), such as blockchain
A type of financial institution that is not subject to government regulation
A way of investing that involves taking on more risk in order to potentially earn higher returns

Question 73

What are some of the advantages of decentralized finance?

Improved security and resilience due to decentralized infrastructure
Removes fees from banks and other financial institutions
Greater access to financial services for unbanked individuals
A and B
All of the above

Question 74

What does 'TVL' mean?

Total value locked
Tokenized value loan
Trade volume level

Question 75

What is liquidity provider (LP)?

An individual who commits to trade at least once per day
A type of financial institution that is not subject to government regulation
Someone who supplies liquidity to a decentralized exchange (DEX)

Question 76

What is yield farming?

The act of making small purchases at different times of the day
The act of only buying the top-cryptocurrencies
The act of using DeFi protocols to earn interest on digital assets

Question 77

What is one benefit of transaction transparency in DeFi systems?

It increases the potential for fradulent activities.
It allows for hidden fees in transactions.
It makes transaction resistant to censorship and reduces fraud potential.
It liits access to transaction information.

Question 78

What is one of the advantages that DeFi has over traditional finance systems?

DeFi has looser geographical restrictions.
DeFi requires complicated documentation.
DeFi is more transparent.
DeFi doesn't require an account.

Question 79

How does DeFi proote innovation in the financial sector?

By encouraging collaboration among developers and easy access to financial services.
By allowing users to trade their currency.
By reducing regulations on developers.
By the use of NFY technology.

Question 80

How does risk mitigation differ between traditional finance and DeFi?

DeFi relies on extensive documentation to mitigate risk.
DeFi offers the same level of protection as traditional banks.
In DeFi, individuals hold the risk and must secure their owne account.
Traditional finance systems do not involve any risk mitigation.

Question 81

What does DeFi stand for, and what is its primary goal?

DeFi stands for Digital Finance, aiming to centralize financial services.
DeFi stands for Decentralized Finance, aiming to remove all financial intermediaries.
DeFi stands for De-estabilsh Finance, aiming to increase geographical restrictions.
DeFi stands for Designated Finance, aiming to limit financial innovation.

Question 82

What is an ask?

A price a buyer is willing to buy an asset at
A price a seller is willing to sell an asset at
The order book for the XRPL DEX

Question 83

What is the order book?

A list of all current bids and asks for each asset
A recommendation of which assets to trade
A complete timeline of an asset's price history

Question 84

How does pathfinding work?

It uses XRP as an intermediary asset to find the lowest transaction cost
It uses a series of assets or hops to find the best connecting liquidities for the original trading pairs
It allows users to trade their assets without having to send them to a centralized exchange

Question 85

How does autobridging work?

It uses a series of assets or hops to find the best connecting liquidities for the original trading pairs
It allows users to trade their assets without having to send them to a centralized exchange
It uses XRP as an intemediary assets to find the lowest transaction cost

Question 86

What is a DEX?

A decentralized exchange that allows users to trade assets without having to send them to a centralized exchange
A cryptocurrency that is used as an intermediary asset to find the lowest transaction cost
An order book that lists all currecnt bids and asks for each asset

Question 87

How does XRPL order book differ from a typical AMM?

Trades on the Order Book happen during the hourly auction while an AMM executes trades instaly based on the current formula-based prices.
Trades on the Order Book happen when a marketplace merge (mpm) occurs while an AMM executes trades instantly based on the current forumla-based prices.
Trades on the Order Book happen when a buyer's bid matches a seller's ask while an AMM executes trades instantly based on the current formula-based prices.
Trades on the Order Book happen when the buy/sell function cycles while an AMM executes trades instantly based on the current formula-based prices.

Question 88

Howw does AMMs work?

AMMs work by holding currency in order books, then the ledger randomizes a fair exchange rate between the different currencies.
AMMs work by pooling currency in liquidity pools, then algorithmically picking a fair exchange rate between the different currencies.
AMMs work by pooling in liquidity pools, then the AMM leadership group picks a fair exchange rate between the different currencies.
AMMs work by pooling currency in liquidity pools, then the AMM communicty votes on a fair exchange rate between the different currencies.

Question 89

What do Automated Market Makers(AMMs) do?

AMMs calculate a fair exchange rate between tokens automatically.
AMMs find the best price for buying and selling tokens on a decentralized exchange.
AMMs automatically trade your tokens for you to increace your wealth.
AMMS figure out when the best time to trade your tokens is based on exchange rate fluctuations.

Question 90

What is the formula called that AMMs use to calculate a fair exchange rate?

Constrictive Function Forumla
Constant Function Formula
Consise Function Formula
Creative Function Formula

Question 91

Where do AMMs store currency?

In a hedge fund.
In a decentralized exchange.
In a community moderated account.
In a liquidity pool.

Question 92

Why is trading on the XRPL a little different than on other blockchains?

The XRPL offers a built-in software wallet where users can safely store their currency.
The XRPL uses a Central Limit Order instead of an AMM.
The XRPL uses an AMM instead of a Central Limit Order Book.
The XRPL uses both a Central Limit Order Book and an AMM.

Question 93

Why is the XRPL good for DeFi?

The XRPL's Proof-of-Work and Proof-of-Stake systems make it difficult to hack.
The XRPL always gets the best exchange rates for trades.
The XRPL can handle a large volume of transactions quickly and cheaply.
The XRPL's trading algorithm always nets the highest gains per transaction.

Question 94

When does the Order Book function best?

When the price of tokens is highest.
When the price of tokens is lowest.
When there is a high volume of traders utilizing the platfom.
When the exchange rate between tokens is most optimal for taders.

Question 95

Which of these platforms don't offer a built in order book?

Bitcoin
Ripple
Ethereum
Dogecoin
All of the above

Question 96

What is an Order Book?

A queue of trades that are being processed.
A log of all the trades that happen on an exchange.
A list of traders who want to buy a specific token.
A list of offers from traders to buy or sell tokens for a specific exhange rate.

Question 97

What is the difference between the testnet and livenet/mainnet servers?

When coding on the XRPL, you can test your code with the testnet before launching an app on the livenet
The testnet uses fake XRP and fake currency. The livenet uses real XRP and currency.
New accounts on the testnet are funded via a centralized faucet, whereas the livenet requires a transfer from an exchange.
All the above

Question 98

What is typically the last step when interacting with the XRP Ledger?

Disconnect from the XRPL
Connect to the XRPL
Close the client
Request a balance

Question 99

What is typically the first step when interacting with the XRP Ledger?

Connect and check account balance
Connect and instantiate a client
Connect to the devnet
Find an account

Question 100

What line of code correctly instantiates a client on the XRPL?

const client = new xrpl.Client(net);
let net = getNet()
await client.connect();
results = 'Connecting to ' + net + '....'

Question 101

What code correctly creates and funds an account on the testnet?

await client.fundWallet(null, {amount, faucetHost }).wallet;
await client.connect()
const client = new xrpl.Client(net)
const standby_wallet = xrpl.Wallet.fromSeed(lines[0]

Question 102

What code checks the balance of an account?

client.getXrpBalance(my_wallet.address))
const standby_wallet = xrpl.Wallet.fromSeed(lines[0]
const sendAmount = standbyAmountField.value
cnst signed = standby_wallet.sign(prepared)

Question 103

Why is a trust line necessary for transactions with tokens and currency?

By establishing trust line with different assets, users can participate in trustless trading and make atomic swaps between assets directly on the XRPL without relying on a centralized intermediary.
Without trust lines, accounts could be subject to receiving assets or tokens that they do not want to receive.
We use trust lines as means of consenting to receive currency or a token.
All of the above

Question 104

Which of the following statements best summarizes how we use trust line?

When sending currency, a trust line must be created from the receiving/destination account to the sending/issuer account.
When sending currency, a trust line must be created from the sending/issuer account to the receiving/destination account.
After initating a transaction with currency between two accounts, both accounts must approve a mutual trust line from the currency transaction to go through.


Question 105

Which piece of code defines a transaction as a trust line?

const turstSet_tx = {'TransactionType': 'TrustSet'}
const trustSet_tx = {'TransactionType': 'Payment'}
await client.autofill(trustSet_tx)
operational_wallet.sign(ts_prepared)

Question 106






Question 107






Question 108






Question 109






Question 110






Contact Us

For any inquiries or partnership opportunities, please reach out to us:

Email: xrpsports@protonmail.com

Visit XRP Sports on Twitter