A viewer asked: How would you argue the security around the XRP ledger for any naysayers who think it can be hacked? This recording is Jake Claver's answer, in full and unedited.
Covered in this recordinggovernance
The written explainer for this subject lives on jakeclaver.com: how the XRP Ledger works.
What this recording covers
Claver addresses the security architecture and governance model of the XRP Ledger in response to questions about network vulnerability. He explains that the ledger has never experienced a network breach, attributing its resilience to its underlying Byzantine Fault Consensus mechanism, which operates without proof of work or proof of stake. Claver details the network infrastructure, noting that while over four hundred validator nodes verify transactions, thirty-five designated validators participate in proposing and voting on protocol amendments. For any proposed network amendment to pass, it must achieve a four-fifths supermajority consensus among designated validators and sustain that approval throughout a mandatory two-week holding period. Claver also notes that sidechains are utilized to isolate and address external technical demands.
Where this fits
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