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The third largest cryptocurrency in the world might soon undergo a major upgrade.\n

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Presentation Transcript
ripple the start up behind the xrp tokens

XRP Tokens is thinking about investing in upgrading the underlying technology

of their cryptocurrency. The San Francisco based company will soon release

two white papers to be reviewed by peers. One of them will be about the

consensus algorithm of Ripple while the other will describe the node connections,

the software, the verification on the network, and how all this could be improved.

The major motivation behind the

move could be the fact that Ripple

has largely lagged behind Ethereum and Bitcoin as far as technological improvements are considered. The two papers would make it easier for researchers to understand the mechanism behind XRP and would

enable them to contribute more

towards the technology.

Ripple, the start-up behind the XRP tokens
ripple believes in the continuous evolution

Ripple believes in the continuous evolution of technology

Since the 2014 release describing the XRP Ledger, this is the first time the

company is sharing details about its underlying technology. It is aimed to

send a message that Ripple believes in the continuous evolution of techno

logyand is willing to keep up the pace.

The first paper is titled "Analysis of the XRP Ledger Consensus Protocol"

and simply follows upon what the 2014 paper described. Apart from describing

and proving the consensus protocol of Ripple, it will also describe how Ripple

ensures two things: the network will not fork into competing networks and

network will continue transactions in any scenario.

The second paper, titled "Cobalt: BFT Governance in Open Networks",

actually talks about the improvements possible in the Ripple mechanism.

It gives a full description of how nodes work within the network and layout

suggestions for improving both individual nodes and the network as a whole.

another important aspect of these pears was security
Another important aspect of these pears was security

Another important aspect of these pears was security. According to Stefan Thomas (CTO, Ripple), the papers would aim to bring in some security reforms to protect the token in case of some attack. However, he also believes that such an attack would be unlikely until the attacker is the state itself with considerable authority and resources. Nevertheless, he wants Ripple to be prepared for any scenario.

given that cryptocurrencies aim to replace

Given that cryptocurrencies aim to replace the centralized currencies controlled by the government, such a move is wise indeed.

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Ripple Paper Pledges New Support for $40 Billion XRP

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