E Point Perfect
Crypto

Is XRPL Really Decentralized? Seasoned Contributor Shares His Take



article image

Vladislav Sopov

Wo Jake, enthusiast of XRPL-based platform Evernode, busted some toxic myths about XRP Ledger decentralization status

Contents

The default Unique Node List (dUNL) is the most widespread list of XRP Ledger nodes. It is leveraged by the majority of validators; however, there are two centralized entities behind the dUNL. Isn’t this a contradiction?

Why should XRP validators trust dUNL?

Mr. Jake has taken to Twitter to share a thread about the default Unique Node List (dUNL) for XRP Ledger nodes and its role in the network’s architecture.

As he stressed, in XRP Ledger, every validator has its own Unique Node List. Three widely known UNLs are those of Ripple, XRP Ledger Foundation (XRPLF) and Coil.

As of Q4, 2022, the default Unique Node List (dUNL) now consists of Ripple’s and XRPLF’s UNLs. But every validator can either use the dUNL or create a new UNL anytime.

Ads

Meanwhile, validators prefer to listen to the dUNL as it is a reliable source of consensus maintained by secure and trustworthy entities with a long-running history of XRPL support.

Decentralized by design, like Bitcoin and Ethereum

Also, the dUNL is included in default presets available after rippled software installation. This does not affect the actual level of decentralization for XRPL transactions:

The XRPL’s consensus protocol is decentralized *by design*. Bitcoin is decentralized *by design*. Same goes to Ethereum.

Here is why the critics of XRPL decentralization should not address its aspects connected with technical design. Like with every mainstream blockchain protocol, XRPL’s technical decentralization has nothing to do with the “political situation” around the network.

As covered by U.Today previously, RippleX engineers recently revealed a new proposal for a sidechain design to advance the scalability and functionality of the XRP Ledger network.





Source link

Related posts

Dogecoin’s Transition to Proof of Stake May Cause Greater Pump Than Ethereum Merge

Here’s Why Bitcoin Might Move up After Hashribbon Cross

Elon Musk Responds to Dogecoin Co-Founder on Twitter, DOGE Price Suddenly Jumps 5%

Shibaswap’s BONE Can Now Be Tracked on Binance

Trillion SHIB Wired as Trading Volume Spikes 7,449,053.83%

Crypto Market Review, August 1