Coil

Bitcoin

Foundation

<figure>
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
According to a Tuesday&nbsp;<a href="https://twitter.com/XRPLF/status/1787739345434067134" rel="noopener noreferrer nofollow">announcement</a>, Anodos Finance has been added to the XRP Ledger Foundation's unique node list (UNL).&nbsp;
The list comprises a set of 35 validators that are considered to be trusted network participants.&nbsp;&nbsp;
Anodos Finance was added following the removal of Digifin.uk at the request of the former.&nbsp;
"Being part of the UNL means we are now one of the key players in maintaining the integrity and stability of the XRP Ledger. It's a responsibility we accept with pride and excitement," the project said in a&nbsp;<a href="https://twitter.com/AnodosFinance/status/1787745409772741033" rel="noopener noreferrer nofollow">statement</a>.&nbsp;
In order to be included in the XRP Ledger Foundation's UNL, the validator be "highly available" with production-grade infrastructure. A potential validator should be an active participant in the amendment voting process. Furthermore, the entity behind the validator candidate must be clearly identified.&nbsp;&nbsp;
The XRP Foundation, an independent non-profit entity, is one of the trusted publishers of UNLs alongside the XRP Foundation.&nbsp;
<h2 id="centralization-concerns">Centralization concerns&nbsp;</h2>
The XRP Ledger Foundation started publishing its list of recommended nodes three years ago. Prior to that, Ripple (the XRP Foundation) and Ripple-funded web monetization platform Coil were the only notable entities with their own UNLs. Coil, which was founded by former Ripple CTO Stefan Thomas,&nbsp;<a href="https://u.today/ripple-backed-web-monetization-platform-is-sunsetting-heres-what-happened" rel="noopener noreferrer nofollow">went bankrupt</a>.&nbsp;
Other blockchain networks, such as Bitcoin and Ethereum, do not rely on a predefined list of trusted notes for maintaining consensus. Ripple frequently attracted a fair amount of criticism due to centralized concerns since it used to provide a default curated list of nodes.&nbsp;
In fact, the U.S. Securities and Exchange Commission&nbsp;<a href="https://www.sec.gov/litigation/complaints/2020/comp-pr2020-338.pdf" rel="noopener noreferrer nofollow">cited</a> Ripple's control over nodes that are validating transactions during its prolonged legal battle with the company.&nbsp;

XRP Ledger Foundation Picks New Validator Node

Table of Contents

U_Today

Other articles published on May 7, 2024

Litecoin (LTC) Continues to Attract High-Volume Investors Despite Market Fluctuations

Top Cryptocurrency Picks for Today: Ethena (ENA), Jupiter (JUP), Solana (SOL) – A Comprehensive A...

Shifts in Cryptocurrency Market Values

Bitcoin (BTC) Nears $60,000: Market Indicators Point to Potential Oversold Conditions

SEC Chair Gary Gensler’s SAB 121 Policy Awaits Critical Decision This Week

The Drama Behind the Explosion: RNDR, TRB, and TON – Are you Buying or Selling?

Join our free newsletter for daily crypto updates!