Cryptocurrency Q&A
How does Ripple consensus work?
How does Ripple consensus work?
CryptoKnight
Thu Jun 27 2024
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6 answers
1356
Could you elaborate on the working mechanism of Ripple consensus? I'm particularly interested in understanding how it differs from traditional consensus algorithms and how it ensures the integrity and security of the Ripple network. Does it rely on a single entity or a distributed network of validators? What are the key steps involved in the consensus process, and how does it handle potential disagreements or forks in the ledger? Additionally, how does Ripple consensus scale with the increasing number of transactions on the network?
6 answers
GliderPulse
Sat Jun 29 2024
The selected transactions are intended to be appended to the subsequent ledger version.
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SsamziegangSerenadeMelodyHarmonySoul
Sat Jun 29 2024
The XRP Ledger Consensus Protocol aims at achieving consensus on a group of transactions.
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Moonshadow
Fri Jun 28 2024
A validated ledger version represents the final state of the ledger, reflecting all agreed-upon transactions.
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KpopStarletShineBrightnessStarlight
Fri Jun 28 2024
The protocol ensures these transactions are applied in a predetermined, orderly manner.
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Tommaso
Fri Jun 28 2024
Once the application is complete, the protocol verifies that all participants have achieved the same outcomes.
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