Key Takeaways:
- Ripple CTO Emeritus David Schwartz elaborated on his reasons for XRP not being employed in the XRPL consensus mechanism.
- Schwartz noted that while XRP Ledger was created in 2011, there was no concept of PoS at that time.
- He also warned that using XRP for consensus would have concentrated too much control in Ripple’s hands.
Ripple CTO Emeritus David Schwartz has addressed one of the longest-running debates around the XRP Ledger. In a recent post on X, Schwartz went into reasons why XRP has not been included in the consensus design of the network, even though it’s the native token of the XRP ecosystem.
It wasn’t XRP for two reasons:
1) Prove of stake hadn’t been invented yet and we weren’t clever enough to think of it.
2) That would have left Ripple in control of the consensus mechanism whether people wanted that or not.
It’s just shareholder choice. If you think a validator…
— David ‘JoelKatz’ Schwartz (@JoelKatz) Read Entire Article
English (US)