The post Ripple CTO David Schwartz Debunks ‘Permissioned’ XRPL Misconceptions Ahead of Permissionless Conference appeared on BitcoinEthereumNews.com.

Ripple’s CTO, David Schwartz, will be speaking at the Permissionless conference in Salt Lake City this October. This announcement sparked a debate about whether the XRP Ledger should be categorized as “permissioned,” “semi-permissioned,” or “trusted.” Digital asset researcher Anders posed this question to Schwartz on the platform X, leading to an enlightening discussion on the nature of blockchain centralization. Explore the debate surrounding the XRP Ledger’s classification and delve into David Schwartz’s insights on blockchain centralization at the upcoming Permissionless conference. Ripple CTO David Schwartz Set to Speak at Permissionless Conference David Schwartz, the Chief Technology Officer of Ripple, is scheduled to participate in the Permissionless conference, which will take place later this month in Salt Lake City. His involvement has generated significant interest and subsequent discussions within the crypto community, particularly concerning the classification of blockchain networks. The topics of whether these networks are “permissioned,” “semi-permissioned,” or “trusted” have come to the forefront. Debating the Classification of the XRP Ledger The debate was notably influenced by a query from a digital asset researcher known as Anders on X. Anders sought Schwartz’s perspective on the frequent description of the XRP Ledger as “permissioned,” “semi-permissioned,” or “trusted” in various documents from multiple organizations. This question naturally dovetails into broader discussions about blockchain centralization. Schwartz’s Perspective on Blockchain Classification Schwartz’s response to Anders was forthright, dismissing the classifications as “nonsense.” He elaborated that while many aspects of blockchains are crucial, the specific methods they use to solve the double-spend problem are largely irrelevant. For Schwartz, the critical consideration is the network’s functionality and robustness rather than the label it carries. Understanding the XRP Ledger’s Consensus Protocol At the core of Ripple’s technology is the XRP Ledger Consensus Protocol, which operates differently from many other blockchain consensus mechanisms. According to Ripple’s documentation, this…

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Filed under: News - @ August 18, 2024 10:21 am