Coinpath® for Ledger-Based Networks

Payment ledgers such as Stellar and the Ripple XRP Ledger add complexity that account-based and UTXO chains do not have:

1. A payment can be sent in one currency and received in another. The money flow graph must track the conversion between addresses.
2. One payment can convert through several currencies. Every conversion inside a single transaction must be tracked.
3. A currency can have several issuers. USD issued by one gateway is not the same asset as USD issued by another, and the graph must keep them apart.
4. The Ripple API does not expose every transfer inside a transaction. The graph has to infer transfers that are not explicit in the ledger data.

How Coinpath® adapts

• Every transfer has separately defined sent and received amounts, each with its own currency, and they may differ.
• Pre-processing extracts every value transfer between addresses, including those that happen implicitly inside a transaction.
• The graph allows edges with different currencies on the same path.
• The same address may appear on level N and level N+1 when it transfers to itself as a result of trading.
• Only taker trades appear in the money flow. The maker side is not part of the path.

In MoneyFlow Lite, Ripple XRP Ledger is available in the Blockchain dropdown.