Will Ripple Be More Decentralized Than Bitcoin?
Distributed Ledger Technology company Ripple has announced a strategy to make it’s blockchain (the Ripple Consensus Ledger) more decentralized than Bitcoin.
Stefan Thomas, CTO of Ripple, has revealed a strategy toward making the Ripple Consensus Ledger more secure, efficient and decentralized than Bitcoin.
In a blog published on May 11, 2017, Thomas stated:
A key benchmark that we aim to achieve is to become more decentralized than Bitcoin, which at the time of writing is 51% controlled by just five mining pools. This means the largest five pools working together could achieve a 51% attack and reverse transactions (double spend) at will. For Ethereum, this number is even lower: only three pools are needed for a takeover.
To meet the growing demands of our customers, we need to diversify the validator ecosystem to further increase resiliency and robustness. We believe these efforts will lead to XRP becoming globally adopted as the digital asset for payments.
To understand Ripple’s detailed strategy to further decentralize the Ripple Consensus Ledger, check out the full blog post.
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