• Home
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • XRP
    • Litecoin
    • Altcoin
    • Cardano
    • Tether
    • DOGE
    • Solano
    • XLM
    • DOT
    • XDC
    • SHIBA
    • BNB
    • Ape
    • HBAR
    • QNT
  • Blockchain
  • Regulation
  • Market
  • Live
    • Prices
    • ICO
  • Meta
    • NFT
  • Technical Analysis
    • XRP
    • BTC
    • XLM
    • ADA
    • TETHER
    • ETC
    • ETH
    • DOGE
    • LTC
  • Exchange
  • Mining
Saturday, September 30, 2023
  • Login
  • Register
Coin24h.com
  • Home
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • XRP
    • Litecoin
    • Altcoin
    • Cardano
    • Tether
    • DOGE
    • Solano
    • XLM
    • DOT
    • XDC
    • SHIBA
    • BNB
    • Ape
    • HBAR
    • QNT
  • Blockchain
  • Regulation
  • Market
  • Live
    • Prices
    • ICO
  • Meta
    • NFT
  • Technical Analysis
    • XRP
    • BTC
    • XLM
    • ADA
    • TETHER
    • ETC
    • ETH
    • DOGE
    • LTC
  • Exchange
  • Mining
No Result
View All Result
  • Home
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • XRP
    • Litecoin
    • Altcoin
    • Cardano
    • Tether
    • DOGE
    • Solano
    • XLM
    • DOT
    • XDC
    • SHIBA
    • BNB
    • Ape
    • HBAR
    • QNT
  • Blockchain
  • Regulation
  • Market
  • Live
    • Prices
    • ICO
  • Meta
    • NFT
  • Technical Analysis
    • XRP
    • BTC
    • XLM
    • ADA
    • TETHER
    • ETC
    • ETH
    • DOGE
    • LTC
  • Exchange
  • Mining
No Result
View All Result
Coin24h.com
No Result
View All Result
Ledger Nano X - The secure hardware wallet
ADVERTISEMENT

New Paper: Ripple Network Doesn’t Meet Criteria To Reach Consensus

20 December 2020
in XRP
Reading Time: 3 mins read
A A
0
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter
cryptotrader
ADVERTISEMENT


Cryptohopper
ADVERTISEMENT

A brand-new paper which analyzes the Ripple network concluded that the network does not reach true consensus, as its protocol “may violate safety and liveness,” and doesn’t follow the established models and algorithms for a Byzantine agreement.

Report Claims XRP’s Network Is Vulnerable to Malicious Actors

According to Ignacio Amores-Sesar, Christian Cachin, and Jovana Micic, researchers from the University of Bern, the Ripple consensus protocol introduces the idea of “subjective validators”, such that every node declares “some trusted validators.”

In the case of Bitcoin and Ethereum, both reach consensus permissionlessly through Proof-of-Work (PoW). However, through Byzantine systems, access is permissioned as the system can’t block malicious actors. The paper goes in-depth by explaining the mechanism:

The designers of Ripple aimed at opening up membership in the set of validator nodes compared to BFT [Byzantine-fault-tolerant] consensus. The trusted validators of a node are defined by a Unique Node List (UNL), which plays an important role in the formalization of the protocol.

The research explains that a consensus protocol in a blockchain network must guarantee that “nothing bad ever happens” – malicious participants cannot double-spend a token –, calling it “safety,” and the network should “continue to process transactions” in parallel, known as “liveness.”

As there are no proper conditions in terms of network-wide validation in XRP’s network of what’s being communicated through it, the paper explains why it’s vulnerable to simple attacks by threat actors.

The consensus protocol of the Ripple network is brittle and fails to ensure consensus as commonly understood in computer science and among blockchain practitioners.

However, the University of Bern’s researchers clarified that their explanations given on the paper with samples of attacks on the Ripple network are “purely theoretical” because, as of press time, a live attack has not been seen yet on XRP.

If Ripple had adopted one of the standard Byzantine-fault-tolerant (BFT) consensus protocols, “then the network would not be exposed to such dangers,” the researchers said.

Do you agree with the paper’s findings on the Ripple network? Let us know in the comments section below.

Tags in this story
Byzantine agreement, Byzantine-fault-tolerant (BFT), Christian Cachin, Consensus, Crypto asset, Ignacio Amores-Sesar, Jovana Micic, paper, Ripple, Ripple Network, Ripple XRP, University of Bern, XRP

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.





Source link

Related articles

Ripple’s Big Party Threatened by NYC’s Relentless Flash Floods

Ripple’s Big Party Threatened by NYC’s Relentless Flash Floods

29 September 2023
Bitcoin BTC Price Slumps Below $27K, XRP, SOL and TRON Prices Gain

Bitcoin BTC Price Slumps Below $27K, XRP, SOL and TRON Prices Gain

29 September 2023
[crypto-donation-box]
Tags: ConsensusCriteriaDoesntMeetNetworkpaperreachRipple
Share76Tweet47
Ledger Nano X - The secure hardware wallet
Previous Post

Dogecoin Jumps 20% After Elon Musk Twitter Shout-Out

Next Post

Podcast 275: Asheesh Birla of Ripple

Related Posts

Ripple’s Big Party Threatened by NYC’s Relentless Flash Floods

Ripple’s Big Party Threatened by NYC’s Relentless Flash Floods

29 September 2023
0

Alex Dovbnya Ripple is hosting a grand celebration in New York City today. However, the city is gripped by extremely...

Bitcoin BTC Price Slumps Below $27K, XRP, SOL and TRON Prices Gain

Bitcoin BTC Price Slumps Below $27K, XRP, SOL and TRON Prices Gain

29 September 2023
0

While Bitcoin (BTC) remains on track to end its six-year streak of September losses, a modest pullback ahead of what...

Are There Secret Amendments In the XRPL And Does It Affect XRP Price? Expert Chimes In

Are There Secret Amendments In the XRPL And Does It Affect XRP Price? Expert Chimes In

29 September 2023
0

Digital asset expert and XRP enthusiast WrathofKahneman has come out to debunk claims of a new backdoor in the XRP...

Bitcoin, XRP and MKR Price Analysis

Bitcoin, XRP and MKR Price Analysis

29 September 2023
0

Over the last two days, the crypto market has experienced a significant capital inflow, prompting the Bitcoin price to bounce...

¿Amenaza de una cruz de la muerte?

¿Amenaza de una cruz de la muerte?

29 September 2023
0

El precio de XRP ha estado languideciendo durante unos días. Ahora también existe la amenaza de una cruz de la...

Load More
Next Post

Podcast 275: Asheesh Birla of Ripple

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

We publish a comprehensive news feed covering all news relevant to the crypto user, covering main industry news, politics and regulation as well as consumer-level “news you can use” (practical stuff), including handy DIY tips, links to useful tools, unbiased reviews and opinions revolving around cryptocurrency. Simple logic and real-world examples are preferred before technical jargon and personal rants.

Categories

  • Altcoin
  • ApeCoin
  • Bitcoin
  • Blockchain
  • BNB
  • Cardano
  • Cryptocurrency
  • DOGE
  • DOT
  • Ethereum
  • HBAR
  • Litecoin
  • Market
  • Meta News
  • Mining
  • NFT
  • QNT
  • Regulation
  • SHIBA
  • Solano
  • Tether
  • Uncategorized
  • XDC
  • XLM
  • XRP

What’s New Here!

  • DOJ's Proposed Jury Questions 'Risks Tainting' Bankman-Fried's Panel, Defense Says
  • Gemini to Cease Offering Crypto Services in Netherlands in November
  • Theatre School @ North Coast Rep to present ‘The War of the Worlds: The 1938 Radio Script’

Newsletter

  • About Us
  • Privacy Policy
  • Contact Us

© 2022 coin24h.com

No Result
View All Result
  • Home
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • XRP
    • Litecoin
    • Altcoin
    • Cardano
    • Tether
    • DOGE
    • Solano
    • XLM
    • DOT
    • XDC
    • SHIBA
    • BNB
    • Ape
    • HBAR
    • QNT
  • Blockchain
  • Regulation
  • Market
  • Live
    • Prices
    • ICO
  • Meta
    • NFT
  • Technical Analysis
    • XRP
    • BTC
    • XLM
    • ADA
    • TETHER
    • ETC
    • ETH
    • DOGE
    • LTC
  • Exchange
  • Mining

© 2020 coin24h.com

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • bitcoinBitcoin(BTC)$26,905.00-0.44%
  • ethereumEthereum(ETH)$1,668.940.83%
  • tetherTether(USDT)$1.000.03%
  • binancecoinBNB(BNB)$214.58-0.33%
  • rippleXRP(XRP)$0.520.88%
  • usd-coinUSDC(USDC)$1.000.03%
  • staked-etherLido Staked Ether(STETH)$1,668.400.79%
  • cardanoCardano(ADA)$0.250223-0.14%
  • dogecoinDogecoin(DOGE)$0.0620500.80%
  • solanaSolana(SOL)$20.270.05%
  • tronTRON(TRX)$0.0887931.57%
  • ToncoinToncoin(TON)$2.16-2.08%
  • Wrapped stETHWrapped stETH(WSTETH)$1,864.880.36%
  • polkadotPolkadot(DOT)$4.08-0.08%
  • matic-networkPolygon(MATIC)$0.531.27%
  • litecoinLitecoin(LTC)$65.510.50%
  • bitcoin-cashBitcoin Cash(BCH)$233.58-1.17%
  • chainlinkChainlink(LINK)$7.983.32%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$26,917.00-0.58%
  • shiba-inuShiba Inu(SHIB)$0.0000070.23%
  • daiDai(DAI)$1.000.03%
  • true-usdTrueUSD(TUSD)$1.000.03%
  • leo-tokenLEO Token(LEO)$3.670.31%
  • uniswapUniswap(UNI)$4.41-0.47%
  • avalanche-2Avalanche(AVAX)$9.13-2.27%
  • stellarStellar(XLM)$0.111510-2.19%
  • moneroMonero(XMR)$146.280.49%
  • okbOKB(OKB)$43.01-0.77%
  • ethereum-classicEthereum Classic(ETC)$15.940.69%
  • binance-usdBUSD(BUSD)$1.000.03%
  • cosmosCosmos Hub(ATOM)$7.100.03%
  • hedera-hashgraphHedera(HBAR)$0.049563-0.13%
  • filecoinFilecoin(FIL)$3.330.06%
  • lido-daoLido DAO(LDO)$1.652.78%
  • GGTKNGGTKN(GGTKN)$0.1121180.75%
  • internet-computerInternet Computer(ICP)$3.121.26%
  • crypto-com-chainCronos(CRO)$0.0506480.28%
  • quant-networkQuant(QNT)$90.440.15%
  • makerMaker(MKR)$1,454.10-6.56%
  • MantleMantle(MNT)$0.3982430.30%
  • AptosAptos(APT)$5.35-1.32%
  • vechainVeChain(VET)$0.0170240.40%
  • ArbitrumArbitrum(ARB)$0.90-0.42%
  • nearNEAR Protocol(NEAR)$1.121.51%
  • optimismOptimism(OP)$1.330.05%
  • EdgecoinEdgecoin(EDGT)$1.00-0.03%
  • KaspaKaspa(KAS)$0.0478420.59%
  • aaveAave(AAVE)$66.190.92%
  • Rocket Pool ETHRocket Pool ETH(RETH)$1,811.810.90%
  • BSCEXBSCEX(BSCX)$237.190.34%