Independent verification of validator performance in the XRP ledger
F.J. Behnen (TU Delft - Electrical Engineering, Mathematics and Computer Science)
Annibale Panichella – Mentor (TU Delft - Software Engineering)
Mitchell Olsthoorn – Mentor (TU Delft - Software Engineering)
RangaRao Venkatesha Prasad – Graduation committee member (TU Delft - Embedded Systems)
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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.