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XRP Ledger Fulfills Blockchain Standards

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Ripple CTO David Schwartz has stepped ahead to handle a vital discourse surrounding XRP Ledger. In response to tweets, Schwartz makes the case that XRP Ledger not solely meets however exceeds the foundational standards of blockchain expertise.

The talk over what constitutes a “true” blockchain has been a contentious one, with purists and innovators typically at odds.

On this regard, XRP’s classification as a blockchain stays a topic of debate, with critics pointing to numerous facets of XRP Ledger, together with its distinctive consensus mechanism, as causes to doubt its standing as a decentralized blockchain. XRP Ledger makes use of a singular consensus algorithm known as the Ripple Protocol Consensus Algorithm (RPCA), which depends on a bunch of trusted validators to authenticate and validate transactions.

In a single such discourse, an X consumer claimed that XRP was not a blockchain however quite a distributed ledger. The X consumer additionally acknowledged that as a result of transaction hashes are linked, it may very well be “known as” a blockchain, nevertheless it was completely different from conventional proof-of-work (POW) or proof-of-stake (POS) decentralized blockchains.

I believe XRPL meets the definition of a blockchain. But when individuals need to disagree, that is cool too.https://t.co/RUbEAiXbQu pic.twitter.com/zZwMeEFczW

— David “JoelKatz” Schwartz (@JoelKatz) March 31, 2024

Schwartz, one of many authentic architects of XRP Ledger, maintains that XRPL meets the definition of a blockchain. To again his assertion, Schwartz shares a screenshot of an announcement from one in every of his earlier weblog entries from 2018, through which he outlined what a blockchain is.

In keeping with Schwartz, “A blockchain is a sequence of states of a distributed ledger the place every state, besides the primary, comprises a safe reference to the prior state and adequate info to reveal that the transition from that prior state is legitimate in line with the system’s guidelines.”

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However, a distributed ledger is a database that has no single authoritative copy. That’s, the integrity of the information doesn’t rely upon the supply of the information however on the contents of the information.

Regardless of Schwartz’s clarification, some critics are prone to stay skeptical of XRP’s classification as a blockchain, which he seems detached to, saying, “But when individuals need to disagree, that is cool too.”

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