arXiv:1802.07242cs.DC
Analysis of the XRP Ledger Consensus Protocol
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Abstract
The XRP Ledger Consensus Protocol is a previously developed consensus protocol powering the XRP Ledger. It is a low-latency Byzantine agreement protocol, capable of reaching consensus without full agreement on which nodes are members of the network. We present a detailed explanation of the algorithm and derive conditions for its safety and liveness.
How is Stellar still "in the gate," more than two years after deploying their decentralized Byzantine agreement algorithm? Ripple has only just now, in 2018, published their decentralized consensus algorithm (Cobalt), which as far as I know is not even in production use yet, and…
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