Crypto Blog
Ripple’s Chief Technology Officer, David Schwartz, will be attending the Permissionless conference later in October in Salt Lake City. Interestingly enough, when he tweeted about his appearance and participation, this triggered a discussion revolving around the specifics behind perimissioned, semi-permissioned, or trusted networks or, at the very least, their categorization as such.
In essence, the term “permissioned” when used to describe a blockchain, implies a level of centralization, allowing an entity to make decisions and impact the network without going through a majority consensus.I think it’s nonsense. A lot of things about blockchains really matter, but how specifically they happen to solve the double spend problem is pretty much irrelevant.
According to the official documents, “everyone who uses the XRP Ledger can agree on the latest state, and which transactions have occurred in which order. All valid transactions are processed without needing central operator or having a single point of failure.
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