MIT Becomes Transaction Validator for Ripple Consensus Ledger
Blockchain research is an important area of research and development these days. Now MIT has announced they will advance their blockchain research by running a validator for the Ripple Consensus Ledger. Most digital currency enthusiasts will know the name Ripple, as this company has been focusing on the development of blockchain technology for financial....
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The firm emphasized that its rather large XRP ownership is decreasing and that it only “operates 4 out of 130+ validator nodes on the XRPL.” Ripple Lab’s XRP token holdings have dropped below 50% of the total circulating supply for the first time in the company’s history. Ripple has faced criticism in the past by some that have raised questions over the firm’s significantly large ownership of XRP tokens, arguing that it gives the company centralized control over its XRP Ledger (XRPL). In a Q3 report published on Oct. 27, Ripple once again refuted that criticism, while also pointing out....
MIT has moved its blockchain research from the blackboard to the real world through a partnership with distributed ledger tech startup Ripple. While MIT has long been involved in supporting the bitcoin and blockchain industries through research, the aim of this project is to develop blockchain, financial services and other enterprise data projects, the university said. Project director David Shrier, of MIT Connection Science, said he expects this most recent step to attract a wide range of researchers, more than doubling in size its first six months of operation. Shrier told CoinDesk:....
It began with nine CGI employees holed up at Ripple's San Francisco headquarters. Spread out in two separate rooms, the team of engineers, developers, architects, testers and analysts worked side-by-side with the distributed ledger startup's staff for a week to integrate Ripple's DLT solutions into its infrastructure. And that was just the beginning of work that culminated at Sibos with the launch of CGI's new Ripple validator node. Revealed on Tuesday in Geneva, the validator node gives the $14.1bn company a firsthand look into how a live distributed ledger network operates, offering a....
A recent unintended ledger fork in the Stellar network led to a temporary disruption of its transaction system and a broader debate about the integrity of the Ripple consensus protocol. The debate began on 5th December, when Stellar Development Foundation (SDF) executive director Joyce Kim published a blog post outlining a fork in the Stellar network that the company attributed to problems within the Ripple consensus protocol. Both Ripple Labs and Stellar use the open-source protocol to provide competing transaction networks that allow fiat money to be sent over the blockchain. The....
Ripple Labs shortened its name to Ripple this week, a move which according to company officials, signals its products are now "out of the lab" and ready for use. Long one of the more well-funded startups in industry, Ripple was arguably the first to focus on use cases for distributed ledgers, introducing an alternative ledger that deviated from bitcoin's method for consensus and featured its own unique digital currency, XRP, as early as 2012. Since then, Ripple has increasingly put forth in its public messaging that it is seeking to realize an "Internet of Value", a term that denotes a....