Topic: Is ripple proof of stake or proof of work? (Read 170 times)
@Hodor7777 answers on his blog : https://xrpcommunity.blog/consensus-model-vs-proof-of-work/
Hi!
I was wondering if ripple is proof of stake or proof of work. If it's POS, how can I stake?
Ripple is a company and you are talking about XRP coin. So XRP is neither proof of stake nor proof of work. It is a pre mined coin running on Ripple's protocol. The nodes in the ripple company validates all the transactions. That's it! This is the best example of centralisation. I was wondering if ripple is proof of stake or proof of work. If it's POS, how can I stake?
Impossible to stake, impossible to mine. Only buy it at exchanges.
Neither of the two ..
The Ripple Protocol consensus algorithm (RPCA) is applied every few seconds by all nodes, in order to maintain the correctness and agreement of the network.Once consensus is reached the current ledger is considered “closed” and becomes the last-closed ledger.
The Ripple Protocol consensus algorithm (RPCA) is applied every few seconds by all nodes, in order to maintain the correctness and agreement of the network.Once consensus is reached the current ledger is considered “closed” and becomes the last-closed ledger.
Hi!
I was wondering if ripple is proof of stake or proof of work. If it's POS, how can I stake?
I was wondering if ripple is proof of stake or proof of work. If it's POS, how can I stake?
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