David Schwartz, chief technology officer at Ripple, believes that a serious attack on the XRP Ledger is unlikely
that the only way to attack the XRP Ledger is to disrupt the global ordering of transactions. In such a scenario, the entire network would halt. Schwartz went on to explain how the Proof-of-Association , the XRP Ledger's unique consensus protocol works, stating that it puts all transactions in order to solve the double-spend problem."Whichever transaction comes first is valid, whichever transaction comes second is invalid," he said.
"There is nothing you can tell my software that will cause it to make your XRP somebody else's XRP," Schwartz said. The Ripple CTO claims that the XRP Ledger has only faced rather"generic" attacks so far."No one has ever tried an attack on this level of sophistication." With that being said, Schwartz admits that there is a"risk" that someone opens an XRP short and attempts to perform a serious attack in order to push the price lower.
During his conversation with podcast host Camila Russo, Schwartz also weighed in on such issues as the XRP distribution, use cases, smart contracts as well as Ripple's ongoing Alex Dovbnya is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets.
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