Posts

Showing posts with the label centralization

What is the Ripple Cryptocurrency?

Image
Your guide: What is the Ripple Cryptocurrency? It has been a major player in the cryptocurrency market since its launch in 2012. Ripple was made to make it easy and cheap to send money between countries. This is different from many other cryptocurrencies, which focus more on decentralization. So, if you’re still unsure of what exactly Ripple is and have been wondering, “What is the Ripple Cryptocurrency?” you’ve come to the right place. Keep reading to learn more. Also read: Ripple (XRP) Price Prediction For 2030 What is Ripple? Ripple isn’t just a cryptocurrency; it’s a full-fledged digital payment system that uses blockchain technology to make it easy to send money between countries. This network’s currency is called XRP. Chris Larsen and Jed McCaleb started Ripple to make a system that could replace well-known international payment systems like SWIFT. The Ripple network doesn’t depend on mining like many other cryptocurrencies do. Inste...

Vitalik Buterin on fix for Ethereum centralization — make running nodes easier

Image
Ethereum co-founder Vitalik Buterin says node centralization is one of Ethereum's main challenges but the perfect solution may not come for another 20 years. The centralization of nodes is one of the biggest problems facing the Ethereum network and should be addressed by making the running of nodes cheaper and easier , according to Ethereum co-founder Vitalik Buterin. At current, the majority of the 5,901 active Ethereum nodes are being run through centralized web providers like Amazon Web Services (AWS), which many experts claim leaves the Ethereum blockchain exposed to a centralized point of failure. Distribution of Ethereum nodes from web service providers. Source: Ethernodes Speaking at Korea Blockchain Week, Buterin outlined six key problems that need addressing to solve centralization but highlighted that the node issue was a “big piece of the puzzle” to ensure the Ethereum network remains decentralized in the long run. “One of those six things is making it technically ...