Independent verification of validator performance in the XRP ledger

Bachelor thesis (2020)

Authors

F.J. Behnen Electrical Engineering, Mathematics and Computer Science

Contributors

A. Panichella Software Engineering - EEMCS (supervisor 1)
Mitchell Olsthoorn Software Engineering - EEMCS (supervisor 1)
Ranga Rao Venkatesha Prasad Embedded Systems - EEMCS (supervisor 2)
Faculty
Electrical Engineering, Mathematics and Computer Science
Copyright: © 2020 Francis Behnen
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Published Date

22-06-2020

Language

English

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Faculty

Electrical Engineering, Mathematics and Computer Science

Abstract

The XRP network (Ripple network) is a global transaction network that settles trans- actions in seconds. It is a technology that provides new opportunities for traditional fi- nancial institutions and startups. In the XRP network, participants depend on each other’s functioning. However, at present Ripple Labs, Inc. is the only actor monitor- ing some form of performance. This paper presents a way for independent individuals to verify the score of validators. Further- more, to improve the insight into the per- formance of validators, a new metric is in- troduced. Together these improvements con- tribute towards a healthy decentralised XRP network.