• Ripple CTO David Schwartz said that XRPL remains decentralized as its node software is open-source. 
• XRPL’s consensus mechanism prevents validator collusion by allowing node operators to choose their validators.
• XRPL’s 80% supermajority threshold and preferred ledger logic protect against chain reorganizations.

With the crypto market going through substantial price drops, Ripple CTO David Schwartz joined a discussion with crypto journalist MetaMan on X (formerly Twitter) to address the effect of KYC enforcement on node operations in blockchain networks, especially within the XRP Ledger (XRPL.

MetaMan asked a fundamental question: “If you have to KYC to run a Blockchain node, is that really decentralization?” 

Schwartz replied by asking how such a KYC mandate would be enforced. If it came with a legal license for the node software, it would impose centralization. However, if participants apply the rules in a decentralized way, the outcome might need closer thought

The post Ripple CTO David Schwartz on XRPL: KYC Tussle and Decentralization appeared first on Coin Edition.

• Ripple CTO David Schwartz said that XRPL remains decentralized as its node software is open-source. 
• XRPL’s consensus mechanism prevents validator collusion by allowing node operators to choose their validators.
• XRPL’s 80% supermajority threshold and preferred ledger logic protect against chain reorganizations.

With the crypto market going through substantial price drops, Ripple CTO David Schwartz joined a discussion with crypto journalist MetaMan on X (formerly Twitter) to address the effect of KYC enforcement on node operations in blockchain networks, especially within the XRP Ledger (XRPL.

MetaMan asked a fundamental question: “If you have to KYC to run a Blockchain node, is that really decentralization?” 

Schwartz replied by asking how such a KYC mandate would be enforced. If it came with a legal license for the node software, it would impose centralization. However, if participants apply the rules in a decentralized way, the outcome might need closer thought

The post Ripple CTO David Schwartz on XRPL: KYC Tussle and Decentralization appeared first on Coin Edition.