Continued Decentralization & the XRP Ledger Consensus Protocol

Continued Decentralization & the XRP Ledger Consensus Protocol
фото показано с : ripple.com

2018-6-17 12:52

In May of 2017, Ripple announced its preliminary strategy to increase decentralization and ensure that no single entity has operational control of the XRP Ledger.

Our last update, in October, laid out the details of our two phase plan.

The first phase is well underway: Ripple has migrated to using validator manifests, improved validator security, and published a recommended Unique Node List (UNL) using the new Dynamic UNL infrastructure.

Phase II will see independent validators added to the recommended UNL. During that time, for every two independent validators that are added in the recommended UNL, one Ripple-operated validator will be removed.

The end state will be a network with a varied set of validators, operated by multiple entities from different locations, all sharing one common goal: the long term health and stability of the XRP Ledger.

Beyond our work on decentralization, we have also focused on refining and improving the XRP Ledger Consensus Protocol, the algorithm underlying the XRP Ledger.

Today, members of the research and development teams at Ripple released two new academic research papers on the XRP Ledger Consensus Protocol that we will be submitting for peer review:

The first is a review of the XRP Ledger Consensus Protocol, which refines our previous algorithm analysis, and formally proves that the algorithm ensures safety (no forks) and liveness (does not stall) in the currently planned phases of decentralization.

The second paper introduces Cobalt, a novel, asynchronous consensus algorithm that will improve the existing XRP Ledger Consensus Protocol by allowing for the flexibility to create more diverse UNLs.

Maintaining our momentum towards further decentralization is critical for XRP Ledger to reach its full potential. We’re proud of how far we’ve come. The XRP Ledger is the only public blockchain that has experienced no reversed transactions, no censorship and no major operational issues for over five years. We look for that track record to continue as the XRP community takes on more and more responsibilities.

The post Continued Decentralization & the XRP Ledger Consensus Protocol appeared first on Ripple.

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ripple continued ledger xrp decentralization validator phase

Источник: ripple.com

ripple continued → Результатов: 70


Фото:

Swell Day 2: Words of Wisdom from the Inventor of the Web and Industry Leaders Discuss Which Blockchain Should Rule Them All

The second day of Swell came to a close on Tuesday, and even though the first day of programming set a high bar, the second day set a new standard. Watch our recap video from Swell Day 2 The Ripple team started the day with an hour-long keynote from the Inventor of the World Wide … Continued The post Swell Day 2: Words of Wisdom from the Inventor of the Web and Industry Leaders Discuss Which Blockchain Should Rule Them All appeared first on Ripple.

2018-6-17 12:50


REMINDER: rippled Version 0.81.0 Validator Key Replacement

On Thursday, January 18, 2018, as described in the 0.81.0 release notes, the current validator keys on all five Ripple-operated rippled validator servers will be replaced. If you have been using the previous recommended default configuration and do not reconfigure your rippled server to the new recommended default configuration before that time, then your rippled … Continued The post REMINDER: rippled Version 0.81.0 Validator Key Replacement appeared first on Ripple.

2018-6-17 12:50


RippleNet Strengthens Emerging Markets Access into India, Brazil and China

According to the World Bank, global remittance payments are on track to grow by 3.4 percent or roughly $466 billion in 2018, with India and China having the highest incoming flows in 2017. Together with this massive flow of capital, emerging markets are home to 85 percent of the global population and account for almost … Continued The post RippleNet Strengthens Emerging Markets Access into India, Brazil and China appeared first on Ripple.

2018-6-17 12:50


Ripple and Its Executives Proud to Support America’s Public Schools with $29 Million XRP Donation to DonorsChoose.org

Every Rippler, from the executive team to our newest hires, started their careers in one place — the classroom. It’s in this pivotal setting that children’s dreams are forged and legacies begin. Take, for example, Ripple’s mission to establish an Internet of Value: a world where money can move like information.

2018-6-17 12:50


Фото:

Ripple Hosts World’s Central Banks to Explore Next Generation of Payments

Image: Shutterstock Ripple recently gathered over two dozen central banks from around the world to explore how new technologies enable the next generation of payments. The Central Bank Summit on Blockchain, hosted at Carnegie Hall in New York City, gathered central banks’ senior leadership, payment strategy leads and oversight staff for a focused discussion on … Continued The post Ripple Hosts World’s Central Banks to Explore Next Generation of Payments appeared first on Ripple.

2018-6-17 12:50


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