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The XRPL was invented shortly after some BTC devs saw that BTCs approach was "to extremist" and could never scale. It went online in 2013. To this day most cryp
by noxer 5y ago
The XRPL was invented shortly after some BTC devs saw that BTCs approach was "to extremist" and could never scale.
It went online in 2013.
To this day most crypto people will tell you it is centralized and some buggy-man can turn it off/delete/revert etc.
While in reality it started as a cluster of nodes run by a single entity (centrally controlled just like BTC did) and moved to continually enlarge the number of entities to the point where the original nodes have absolutely no special permission or power left.
There was even a software update amendment that was accepted by all other nodes but the original nodes so they overrules them. The system isn't based solely on trust however the people who run a node can pick trusted nodes[1].
This is important for reliability. If you trust crappy nodes that go offline your node could miss Tx and fork off with no way to detect that and if trusted nodes collude they could halt your node. However the validation is done locally there is no need to trust any other nodes to check if the Tx are valid.
You see if a node lies and if you previously trusted that node you would simply remove it.
You dont have to trust a single node you have to trust the majority of all nodes you trust. There is no way around the "trust the majority" anyway. In BTC for example you are forced to trust that 51% of hashing comes form honest people who do not collude. the difference here is you dont know who they are and you can neither pick the ones you trust nor exclude the once you dont trust or misbehave.
Needless to says the this system outcompetes all the other systems for decentral consensus.
But Guess what. People still says the XRPL its centralized. Most people simply dont understand the tech in this space. They are in it for the gambling.
[1] https://xrpl.org/intro-to-consensus.html#trust-based-validation https://xrpl.org/intro-to-consensus.html#trust-based-validat...