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Despite the xrp (xrp) registry being an open source, public, and the decentralized Layer 1 blockchain, which is managed by a global developer community, Perceived centralization has been criticized on many occasions; the most publicized case is that of the United States Securities and Exchange Commission, which accuses laboratories of eventualities of issuing unregistered securities.
Reviews cite the original xrp distribution to be waved on the one hand and the functionality of the xrp registry on the other hand. Back in May 2017, Ripple announced a strategy to increase decentralization and ensure that no single entity has operational control over the XRP Ledger.
At that time, the company turned to the use of validator manifests, improved the security of validators, and issued a recommended Single Node List (UNL) using the new dynamic UNL infrastructure. In addition, the company announced that independent validators will be added to the recommended UNL.
"In the process.", for each separate validator that is added to the recommended UNL, a validator operated by Ripple will be deleted," the company said in February 2018m and added; The end state is going to be a network with a variety of validators, operated by several entities in various locations, The health and long-term stability of the XRP LEDGER is shared by all.
XRPL has reached a significant stage of decentralisation.
The XRP Ledger has recently gone through this stage of massive decentralization. The XRP Ledger Foundation released its latest UNL recommendation yesterday. According to it, Aesthetes, an NFT marketplace for physical and digital art, has been added to the UNL list published by the XRP Ledger Foundation while removing a Ripple node.
The XRP Ledger node on the dUNL @rippleitinNZ, wrote via Twitter, “Ripple is now down to 1 validator on published UNL’s out of 34 (2.9%) and no single entity has more than 1 validator on the UNL.”
Welcome @aesthetes_art to the published UNL list of the XRPLF, and others.@Ripple are now down to 1 validator on published UNL's out of 34 (2.9%) and no single entity has more than 1 validator on the UNL.
Diverse and decentralised #XRPL https://t.co/ZuncX6bV95
— rippleitin.nz (@rippleitinNZ) January 25, 2023
In addition to the Ripple validator, the University of Korea validator has also been delisted. According to the report, its operator was "unavailable for weeks" and occupied a location for a list of single negative nodes, which includes temporary offline validators during outages or maintenance updates.
"We recognize that the number of validators in our published version decreased slightly from 35 to 34 as a result of these changes. We are confident that we will increase the size of the list when we next update," added the xrp registry background.
What is the role of ripples in any event?
On the XRP general ledger, all nodes ensure that the transactions meet the protocol requirements and agree on such an order that prevents double expenses. Unls are all validator lists.
There are currently 3 editors: ripple, the xrp ledger foundation, and coil known for recommended publishing standard lists of high-quality validators. However, each server operator can select its own unl, with the default ripple list to rippled, the server software that feeds the xrp registry.
Even if Ripple recommends their list, they don't create a centralized system because it's based on a membership option. If the business shuts down or acts maliciously, participants can switch names and use a list from another issuer.
According to XRP Scan, the default UNL currently consists of only one node from the company sued by the SEC. The rest are exchanges, such as Bitso and Bitrue, universities such as London’s Global University (UK), University of Nicosia (Cyprus), University of Waterloo (Canada), XRP ecosystem entities like Gatehub, Flare Network, XRP Scan, Towo Labs, Bithomp, and others, including AT TOKYO (a leading company within the data center industry, Flagship Solutions Group, and Brex.
At the time of the press, the cost of the radiography was $0.4095.
Featured picture of Shubham Dhage/ Unsplash, TradingView.com graphic.
