Cryptos:  11,149Exchanges:  391Market Cap:  $1,585,728,458,69824h Vol:  $75,448,799,498Dominance:  BTC: 46.1% ETH: 18.9%ETH Gas:  43 Gwei
Cryptos:  11,149Exchanges:  391Market Cap:  $1,585,728,458,69824h Vol:  $75,448,799,498Dominance:  BTC: 46.1% ETH: 18.9%ETH Gas:  43 Gwei

XRP Increases Its Decentralization with New Validator

XRP Increases Its Decentralization with New Validator
HeadlinesNewsXRP Increases Its Decentralization with New Validator

Share

XRP Increases Its Decentralization with New Validator

U.Today4 months ago
Published on March 24, 2021 05:49 GMT+0edited on March 24, 2021 05:59 GMT+0

Share

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.

Ripple still runs the show (for now)

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.