U.S.-based blockchain company PAC Global has announced that it now runs its own node to validate transactions on the XRP Ledger.
The move has increased the decentralization level of the seventh-largest cryptocurrency that is affiliated with San Francisco-based blockchain company Ripple.
A node can be defined as a computing device that helps to maintain a network.
XRP Ledger is operated by a unique node list (UNL) of trusted validators for processing transactions on the network, thus averting double-spends.
Presently, over 150 validators are maintaining the ledger.