What Caused The Recent Halt in the XRP Ledger?
Preliminary FindingsRipple CTO Joel Katz said that the reason for outage could be the de-sync between Ripple’s consensus algorithm and the validators.Are Validators Different From Consensus?Yes, validators are a part of consensus mechanism, which is the way transactions are verified in the XRPL.Does It Have Any Long-Term Risk?At present, there does not seem to be any risk to the XRPL blockchain. However, as per Ripple CTO, more research is required.How Does XRPL Work?Unlike other blockchains, XRPL is not a smart-contract-based blockchain but rather a unitary utility blockchain like Bitcoin and was built to transfer funds only.Learn more