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Ripple CTO to Critics: XRP Ledger Fulfills Blockchain Criteria

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Sun, 31/03/2024 - 14:26
Ripple CTO to Critics: XRP Ledger Fulfills Blockchain Criteria
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Ripple CTO David Schwartz has stepped forward to address a critical discourse surrounding XRP Ledger. In response to tweets, Schwartz makes the case that XRP Ledger not only meets but exceeds the foundational criteria of blockchain technology.

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The debate over what constitutes a "true" blockchain has been a contentious one, with purists and innovators often at odds.

In this regard, XRP's classification as a blockchain remains a subject of discussion, with critics pointing to various aspects of XRP Ledger, including its unique consensus mechanism, as reasons to doubt its status as a decentralized blockchain. XRP Ledger utilizes a unique consensus algorithm called the Ripple Protocol Consensus Algorithm (RPCA), which relies on a group of trusted validators to authenticate and validate transactions.

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In one such discourse, an X user claimed that XRP was not a blockchain but rather a distributed ledger. The X user also stated that because transaction hashes are linked, it could be "called" a blockchain, but it was different from traditional proof-of-work (POW) or proof-of-stake (POS) decentralized blockchains.

Schwartz, one of the original architects of XRP Ledger, maintains that XRPL meets the definition of a blockchain. To back his assertion, Schwartz shares a screenshot of a statement from one of his earlier blog entries from 2018, in which he outlined what a blockchain is.

According to Schwartz, "A blockchain is a series of states of a distributed ledger where each state, except the first, contains a secure reference to the prior state and sufficient information to demonstrate that the transition from that prior state is valid according to the system’s rules."

On the other hand, a distributed ledger is a database that has no single authoritative copy. That is, the integrity of the data does not depend on the source of the data but on the contents of the data.

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Despite Schwartz's explanation, some critics are likely to remain skeptical of XRP's classification as a blockchain, which he appears indifferent to, saying, "But if people want to disagree, that's cool too."

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