XRP Ledger moves towards decentralization, third-party validators emerge

[Still1]

https://ambcrypto.com/xrp-ledger-decentralization-third-party-validators-emerge/

Currently, according to data from the XRP Charts website, out of 18 trusted validators, 4 of them are the third party. This is a big step forward for decentralization as Ripple’s UNL is comprised of only 77% of their own validators. This means Ripple, the company, cannot unilaterally pass amendments to the Ledger without the help of a third-party validator.

[WhentheBoat_ComesIn]

1 hour ago, Still1 said:

https://ambcrypto.com/xrp-ledger-decentralization-third-party-validators-emerge/

Currently, according to data from the XRP Charts website, out of 18 trusted validators, 4 of them are the third party. This is a big step forward for decentralization as Ripple’s UNL is comprised of only 77% of their own validators. This means Ripple, the company, cannot unilaterally pass amendments to the Ledger without the help of a third-party validator.

Excellent news. So 4 of the 18 trusted validators are now third party. Two were added just over two weeks ago when rippled-v1.0.1 was released and the additional two added over the last fortnight. I think this is a really important development as we move towards decentralization. Once we get to 16+ third party trusted nodes the "Security" issue will disappear paving the way for Institutional investment for XRP. Good times are coming. HODL.

Edited July 2, 2018 by WhentheBoat_ComesIn

[Zedy44]

I'm going to speculate that the fact that Ripple is increasing momentum around the decentralization angle they must have an idea of when the SEC will rule or be planning to further acknowledge the securities status of other digital assets in 2018.  Probably they are acting on some pseudo-timeline between there own interests and the best interests of any future SEC rulings.

[Guest]

More progress. That's currently the most important thing. Prices will fluctuate over time but Ripple is steadily moving forward. 

[Montoya]

This is very good news. This, combined with the SEC's somewhat cryptic statements about "securities becoming non-securities with decentralization", leads me to believe that Ripple has been working closely with regulators to ameliorate any concerns.

[aavkk]

Totally agree that the closed door meetings with the SEC (which probably happened Q3 last year) have lots to do with the timeline on the decentralization plan.  

[Guest]

Why don't Fi's partnered with Ripple run a validator ?  SBI has so much vested interest into XRP and Ripple, they should probably run a validator and become a trusted validator in the UNL. This will seriously help in decentralizing faster adding a Japan entry in distribution.

[Guest]

19 minutes ago, whitefanng said:

Why don't Fi's partnered with Ripple run a validator ?  SBI has so much vested interest into XRP and Ripple, they should probably run a validator and become a trusted validator in the UNL. This will seriously help in decentralizing faster adding a Japan entry in distribution.

I imagine many do but it's not really a bragging point. It's more back of the house. Many companies have ftp servers but don't advertise them. 

[ImTheRippler]

19 hours ago, whitefanng said:

Why don't Fi's partnered with Ripple run a validator ?  SBI has so much vested interest into XRP and Ripple, they should probably run a validator and become a trusted validator in the UNL. This will seriously help in decentralizing faster adding a Japan entry in distribution.

My guess is in the future they will, if they don't already, and each entity (say, the Fed *cough*) could even have their own UNL.

[XRPHornets]

Vitalik said Decentro that Ether uses 15000 validators . 

So we got a way to go yet.