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HomeAltcoin NewsRipple Consensus Ledger Expands to 55 Validator Nodes in Decentralization Effort

Ripple Consensus Ledger Expands to 55 Validator Nodes in Decentralization Effort

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The Ripple team announced they want to decentralize their blockchain over the coming years. This news was announced a few months ago and it seems an important first step has been taken. More specifically, the Ripple Consensus Ledger now has 55 validator nodes. While there is still a long way to go before it can become decentralized, the progress shouldn’t be dismissed. It is a 120% increase in RCL Validator Nodes compared to May.

It is good to see the Ripple Consensus Ledger decentralize further. Adding more validator nodes will help remove central points of failure. Even though Ripple is not your average cryptocurrency ecosystem, the RCL still relies on validator nodes. Compared to May of 2017, we now have a 120% increase in such nodes. Among the new validators are Telindus-Proximus Group, WorldLink, AT TOKYO Corporation, and others. This goes to show it is a global decentralization effort, which is good to see.

Ripple Consensus Ledger is Growing

All of these validator nodes have an important role to fulfill. They will monitor the Ripple Consensus Ledger and validate XRP ledger transactions. Making the Ripple Consensus Ledger more decentralized is not an easy feat. More specifically, the network requires nodes to be approved before they can partake in the procedure. Adding more nodes will make the edge more robust and resilient over time. Having more parties confirm transactions is always a positive trend, that much is evident.

For a blockchain designed to be embraced by enterprises, the Ripple Consensus Ledger is in a good place right now. Revolutionizing commerce and the way we do business is still the company’s top priority. Doing so requires more validator nodes powering the Ripple Consensus Ledger. With 55 of such nodes in existence right now, things are looking quite good. Then again, it is expected additional nodes will be added to the network in the future.

More specifically, the Ripple team has plans to introduce third-party validators shortly. Two of such nodes are already confirmed to be added in the coming months. These trusted nodes can validate transactions and modify ledger fees. Additionally, they are capable of voting on protocol changes if needed. The RIpple Consensus Ledger chooses validators based on reliability and security. Since there is no proof-of-work involved, the playing field is more level compared to regular cryptocurrencies.

JP Buntinx
JP Buntinx
JP is a freelance copywriter and SEO writer who is passionate about various topics. The majority of his work focuses on Bitcoin, blockchain, and financial technology. He is contributing to major news sites all over the world, including NewsBTC, The Merkle, Samsung Insights, and TransferGo.

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