Schwartz's statement debunks common misconception about nature of XRP Ledger
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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. What possible effect does it have?Schwartz will be making his first appearance at the Permissionless conference, where he will be speaking on day two of the conference on institutional DeFi..
XRP Ledger uses a consensus protocol unlike any digital asset that came before it, where independent validators, not a central authority, manage the network.The XRP Ledger consensus protocol is designed to allow all valid transactions to be processed without requiring a central operator or a single point of failure. Everyone who utilizes XRP Ledger can agree on the latest state and which transactions have occurred in which order.
Consensus protocols are a solution to the double-spend dilemma mentioned by the Ripple CTO in his statement, which is the challenge of preventing someone from successfully spending the same digital money twice.Tomiwabold is a cryptocurrency analyst and an experienced technical analyst. He pays close attention to cryptocurrency research, conducting comprehensive price analysis and exchanging predictions of estimated market trends. Tomiwabold earned his degree at the University of Lagos.
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